Dick’s FY26 Q2 net income drops 17.3% to $315.5 million; net sales rise 53.2% to $5.59 billion
DKS•FY26 outlook
- Dick’s forecast total net sales of $21.9 billion to $22.2 billion and earnings per share of $10.94 to $11.94.
- The company sees Foot Locker segment loss at $80 million to $40 million.
Foot Locker segment performance
- Foot Locker produced a segment loss of $31.9 million on $1.7 billion of net sales; pro forma comparable sales fell 3.6%.
Dick’s Sporting Goods reports Q2 results
- Dick’s Sporting Goods posted Q2 net income of $315.5 million, or $3.50 a share, down from $381.4 million, or $4.71.
- Net sales more than doubled, rising 53.2% to $5.59 billion, including $1.74 billion from Foot Locker.
- Operating income slipped to $440.8 million from $452.2 million; gross margin fell 2.28 percentage points to 34.78%.
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