DICK'S SPORTING GOODS, INC. 8K

DICK'S Sporting Goods reported Q2 2026 results, revised its 2026 outlook downward due to weakness in the athletic footwear/apparel and Foot Locker businesses, detailed ongoing Foot Locker restructuring charges, and declared a $1.25 quarterly dividend.

DICK'S Sporting Goods, Inc. filed a Form 8-K to furnish its second quarter 2026 earnings release, reporting consolidated net sales of $5.6 billion and GAAP diluted EPS of $3.50 (non-GAAP $3.53), reflecting 4.9% comparable sales growth in the core DICK'S business but pressured profitability and pro forma comparable sales declines of 3.6% in the recently acquired Foot Locker business amid a more promotional athletic footwear and apparel environment. The company revised its full-year 2026 outlook, maintaining DICK'S comparable sales guidance of +2.5% to +4.0% but lowering the Foot Locker segment’s pro forma comparable sales range to -2.0% to 0.0% and reducing operating income expectations for both segments, now projecting consolidated net sales of $21.9–$22.2 billion, GAAP operating income of $1.45–$1.55 billion, and GAAP EPS of $10.94–$11.94 (non-GAAP $11.00–$12.00). The filing also highlights integration progress and ongoing restructuring of the Foot Locker business, including inventory optimization, underperforming store closures, and related pre-tax charges expected to total up to $750 million over the medium term (with $200 million in 2026), as well as receipt of $59 million of tariff refunds recorded as a reduction to cost of goods sold, significant capital investment across the combined store portfolio, and declaration of a $1.25 per share quarterly dividend payable September 25, 2026.

Filing Facts

CIK

1089063

Ticker

-

Form

8K

Source Type

sec

Accession

0001089063-26-000033

Alert Tier

7