Overview
- Dick’s reported Q1 adjusted EPS of $3.37, missing the $4.34 analyst consensus, and posted net sales of $3.17 billion, up 5 percent year-over-year.
- Comparable store sales climbed 4.5 percent in the quarter, marking the retailer’s fifth consecutive quarterly comp growth above 4 percent.
- Leadership reiterated its full-year 2025 guidance for EPS of $13.80–$14.40 and revenue of $13.6–$13.9 billion, with existing tariffs already factored in.
- The $2.4 billion purchase of Foot Locker is slated to close in the back half of 2025 and is projected to deliver $100 million–$125 million in cost synergies in the first full year post-close.
- Dick’s emphasized its strong, strategic partnership with Nike, highlighting robust demand for the brand’s running and lifestyle footwear offerings.