Dick’s Sporting Goods raised its full-year sales and earnings guidance after beating expectations in the fiscal second quarter. The company expects comparable sales to grow between 2% and 3.5%, with earnings per share projected to be between $13.90 and $14.50. In the reported quarter, sales rose 5% to $3.65 billion with net income of $381 million. CEO Lauren Hobart highlighted the success of the company’s long-term strategies and consistent execution.

Despite exceeding sales expectations, Dick’s full-year revenue outlook fell slightly below estimates. The company expects revenue to be between $13.75 billion and $13.95 billion. Dick’s raised profit guidance takes into account current tariffs but excludes any potential impact from its acquisition of Foot Locker, expected to close next month for $2.4 billion. The acquisition will make Dick’s the top seller of athletic footwear in the U.S., but Foot Locker’s struggles could affect overall results.

Foot Locker’s challenges, including a mall-heavy presence and weak online business, may pose risks to Dick’s post-acquisition performance. Foot Locker reported a sales decline of 2.4% and $38 million loss in the quarter ended Aug. 2. Combining the companies could help Dick’s compete against JD Sports, its next biggest rival. Regulatory approvals for the acquisition have been received, but potential store divestments to comply with FTC requirements are uncertain.

Investors are awaiting more details on the integration of Dick’s and Foot Locker during an upcoming conference call with analysts. CEO Lauren Hobart expressed confidence in the success of the company’s long-term strategies and operational resilience. With the acquisition of Foot Locker, Dick’s aims to strengthen its competitive position in the athletic footwear market, particularly with Nike products, and expand its global reach.

Read more at CNBC: Dick’s Sporting Goods (DKS) Q2 2025 earnings