Dicks Sporting Goods Sales Jump
DICK'S Sporting Goods (NYSE:DKS) reported 1Q25 earnings on May 28, 2025, delivering 4.5% comparable sales growth, consolidated sales of $3.17 billion, and non-GAAP EPS of $3.37 while reaffirming full-year guidance. Management announced substantive strategic progress, including acceleration in omnichannel growth, transformative acquisition plans for Foot Locker, and strong cash flow, setting the stage for significant operational leverage and longer-term expansion.The planned acquisition of Foot Locker extends DICK'S Sporting Goods' addressable market from $140 billion in the U.S. to a $300 billion global market, boosting store count to over 3,200 worldwide. Management projects the deal will be EPS-accretive in the first full fiscal year post-close (no GAAP/non-GAAP designation specified), targeting $100 million to $125 million in medium-term cost synergies.Continue reading
DICK'S Sporting Goods (NYSE:DKS) reported 1Q25 earnings on May 28, 2025, delivering 4.5% comparable sales growth, consolidated sales of $3.17 billion, and non-GAAP EPS of $3.37 while reaffirming full-year guidance.
Management announced substantive strategic progress, including acceleration in omnichannel growth, transformative acquisition plans for Foot Locker, and strong cash flow, setting the stage for significant operational leverage and longer-term expansion.
The planned acquisition of Foot Locker extends DICK'S Sporting Goods' addressable market from $140 billion in the U.S. to a $300 billion global market, boosting store count to over 3,200 worldwide. Management projects the deal will be EPS-accretive in the first full fiscal year post-close (no GAAP/non-GAAP designation specified), targeting $100 million to $125 million in medium-term cost synergies.
