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Dick’s Sporting Goods Posts Strong Q1 Results, Reaffirms 2025 Guidance Ahead of Foot Locker Acquisition

Lauren Hobart says robust first-quarter performance underpins Dick’s confidence in meeting its 2025 targets through synergies from the Foot Locker acquisition.

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Overview

  • Dick’s reported adjusted EPS of $3.37 and revenue of $3.17 billion for Q1 2025, surpassing analyst expectations and marking a 5 percent year-over-year sales gain.
  • Comparable store sales rose 4.5 percent in Q1, driven by higher average transaction values and increased customer traffic.
  • The company reaffirmed its full-year outlook of $13.80 to $14.40 in EPS and $13.6 billion to $13.9 billion in revenue, including the impact of current tariffs.
  • Dick’s acquisition of Foot Locker for $2.4 billion is expected to close in the second half of 2025 and add over 2,400 international locations.
  • Management projects $100 million to $125 million in cost synergies after closing and highlights Nike as a strategic partner in its footwear lineup.