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Dick’s Beats Q4, Lifts Sales Outlook as Foot Locker Costs Temper Profit Guidance

Executives expect a Foot Locker turnaround to start around back‑to‑school after completing most inventory cleanup.

Overview

  • Dick’s reported Q4 revenue of $6.23 billion and adjusted EPS of $3.45, topping Wall Street estimates.
  • Net income fell about 57% year over year to roughly $128 million, reflecting acquisition-related charges.
  • The company guides fiscal 2026 net sales to $22.1 billion–$22.4 billion, above analyst forecasts, with adjusted EPS of $13.50–$14.50 below consensus.
  • Management pegs total Foot Locker integration and remediation costs at $500 million–$750 million, with about $390 million already recorded.
  • Dick’s closed 57 underperforming Foot Locker–related stores, says its 11‑store Fast Break pilot delivered standout results and is being scaled, and forecasts Foot Locker comparable sales growth of 1%–3% in 2026 as shares rose roughly 5% premarket.