Dick's Sporting Goods Q1 EPS Beats with $5.16B Revenue and Raised Guidance
DKS•Dick's Sporting Goods reported Q1 EPS of $2.90, beating estimates, and revenue of $5.16 billion, up from $3.17 billion year-on-year with 6.0% same-store sales growth. Acquisition of Foot Locker returned to profitability and the company raised full-year guidance to 2.5%-4.0% comp sales growth for Dick’s and 1.5%-3.0% for Foot Locker.
1. Q1 2026 Financial Results
Dick's Sporting Goods delivered first-quarter EPS of $2.90, exceeding the $2.87 consensus, and generated $5.16 billion in revenue versus $5.07 billion expected. Revenue climbed from $3.17 billion in Q1 2025 and same-store sales rose 6.0%, driven by strength in apparel and equipment categories.
2. Foot Locker Acquisition Impact
The recently acquired Foot Locker business returned to profitability in the quarter, contributing positively to consolidated margins and delivering its own comparable sales growth. Integration efforts have accelerated cross-channel synergies and product assortment expansion.
3. Upgraded Full-Year Guidance and Financial Health
Following the strong Q1 performance, full-year 2026 comparable sales guidance was raised to 2.5%-4.0% for Dick’s Sporting Goods and 1.5%-3.0% for Foot Locker. The company’s current ratio stands at 1.50, reflecting ample liquidity to support further expansion and debt obligations.
