Overview
- The company, which reported results Tuesday, Aug. 25, 2026, posted adjusted EPS of $3.53 and net sales of $5.59 billion, both below Wall Street estimates.
- Foot Locker was the primary drag with pro forma comparable sales down 3.6 percent, and management now expects Foot Locker sales to be roughly flat to down 2 percent.
- Dick's slashed full‑year adjusted EPS guidance to about $11.00 to $12.00 and trimmed revenue and operating income outlooks for the combined company.
- Executives blamed an increasingly promotional athletic footwear market and underperforming launches, and said the 9.6 million shares issued for the Foot Locker deal and elevated inventory weighed on margins.
- The results sent Dick's shares sharply lower and pressured wholesale partners and suppliers, highlighting that back‑to‑school sales, inventory levels and future product launches will be the key indicators investors watch next.