Dick's Sporting Goods Posts 59.9% Revenue Surge, Raises 2026 EPS Guidance
Dick's Sporting Goods reported Q4 adjusted EPS of $3.45, beating estimates by $0.42, and revenue of $6.23 billion, up 59.9% year-on-year driven by the Foot Locker acquisition. It issued 2026 guidance for EPS of $13.50–$14.50 and revenue of $22.1–$22.4 billion, both above Wall Street forecasts.
1. Q4 Earnings Beat
Dick's posted adjusted EPS of $3.45 in Q4, surpassing the $3.03 consensus by $0.42, and generated revenue of $6.23 billion, up 59.9% from $3.89 billion a year earlier, driven primarily by the Foot Locker acquisition. Comparable sales in the Dick's Business rose 3.1% for the quarter.
2. Fiscal 2026 Guidance
For fiscal 2026, management forecasts adjusted EPS of $13.50 to $14.50, with a midpoint 9.6% above the $12.77 consensus, and projects revenue between $22.1 billion and $22.4 billion, exceeding the $21.8 billion estimate by 2.1%. Comparable sales growth is expected at 2.0% to 4.0% for the Dick's Business and 1.0% to 3.0% on a proforma basis for the Foot Locker Business.
3. Expansion and Dividend Increase
In 2025 the company opened 16 House of Sport and 15 Dick's Field House locations, and plans to add approximately 14 House of Sport and 22 Field House sites in 2026. The board approved a 3% dividend increase to an annualized $5.00 per share after reporting full-year comparable sales growth of 4.5% and adjusted EPS of $14.58 for 2025.