Dick's Sporting Goods Forecasts 2-4% Growth and Reports $14.1B Q4 Sales
Dick's Sporting Goods forecasts 2-4% comp sales growth at its core chain and 1-3% at Foot Locker for the year, while guiding adjusted EPS of $13.50-$14.50. Q4 sales hit a record $14.1 billion with 4.5% comps, and Fast Break store expansion drove Foot Locker's outperformance after clearing 30% of unproductive inventory.
1. Full-Year Sales and EPS Guidance
Dick’s Sporting Goods projects 2-4% comparable sales growth at its core chain and 1-3% at Foot Locker for the fiscal year, supported by the $2.4 billion acquisition. Management expects adjusted EPS of $13.50 to $14.50 as integration costs stabilize.
2. Q4 Financial Results
In the fourth quarter, total sales reached $14.1 billion, up 4.5% on a comparable basis, driven by differentiated product assortments and stable demand across income demographics. Core operations remained resilient with no evidence of consumer trade-down despite a promotional market.
3. Foot Locker Integration and Fast Break Expansion
The company cleared 30% of unproductive Foot Locker inventory, reassessed underperforming locations, and reduced anticipated store closures. The Fast Break concept grew from 11 to an expected 250 stores by back-to-school, delivering stronger comparable sales than the broader business.