From CNBC: 2025-05-28 07:03:00

Dick’s Sporting Goods reaffirmed its full-year guidance, expecting earnings per share between $13.80 and $14.40 in fiscal 2025. Revenue is projected to be between $13.6 billion and $13.9 billion. The company reported a net income of $264 million in the first quarter, excluding one-time items related to its Foot Locker acquisition.

The company’s first quarter earnings per share were $3.37 adjusted, and revenue was $3.17 billion, up about 5% from the previous year. Dick’s announced plans to acquire Foot Locker for $2.4 billion, leading to mixed reactions from investors. The deal is expected to close in the second half of fiscal 2025.

Dick’s acquisition of Foot Locker will allow it to enter international markets and reach new customers, but some question the necessity of the struggling Foot Locker brand. Shares of Foot Locker surged after the announcement, while Dick’s shares fell. The company expects the acquisition to be accretive to earnings and deliver cost synergies.



Read more at CNBC:: Dick’s Sporting Goods (DKS) earnings Q1 2025