Company sees full-year net sales of $21.9 bln to $22.2 bln.
DICK's maintains comp sales outlook of 2.5% to 4.0% growth for 2026.
Foot Locker comp sales outlook lowered to negative 2.0% to 0.0% for 2026.
Result drivers
FIFA World Cup impact - Co said DICK's business benefited from significant investments and strong results tied to the 2026 FIFA World Cup.
Promotional activity - Co said increased promotional conditions in athletic footwear and apparel led to competitive pricing actions to protect and grow market position.
Foot Locker sales decline - Co attributed Foot Locker business sales decline to fewer launches and underperformance of launch and retro products amid challenging footwear market.
Q2 results miss estimates
US sports retailer's Q2 sales missed analyst expectations, adjusted EPS also missed.
DICK's business comp sales grew 4.9%, driven by broad-based category growth and FIFA World Cup.
Company revised 2026 outlook downward due to challenging athletic footwear and apparel marketplace.
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy", 9 "hold" and 1 "sell" or "strong sell".
The average consensus recommendation for the miscellaneous specialty retailers peer group is "buy".
Wall Street's median 12-month price target for DICK'S Sporting Goods, Inc. is $260.00, about 45% above its August 24 closing price of $179.33.
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 16 three months ago.
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