Dick’s Sporting Goods, Inc. (NYSE: DKS) has reported select preliminary financial results for its first quarter ended May 3, 2025. The company reported a 4.5% increase in comparable sales growth. Earnings per diluted share were $3.24, and non-GAAP earnings per diluted share were $3.37.
The company's proposed acquisition of Foot Locker was also highlighted in the press release, with an implied equity value of approximately $2.4 billion and an enterprise value of approximately $2.5 billion. The transaction is subject to Foot Locker shareholder approval and other customary closing conditions, with an expected closure in the second half of 2025.
This preliminary unaudited financial information is based on preliminary results and is subject to revision in connection with the company’s financial closing procedures and finalization of the financial statements for the first fiscal quarter of 2025.
As of the date of the press release, the company had not finalized its financial closing procedures for the first quarter, and actual results may differ materially from the preliminary unaudited financial results.
Dick’s Sporting Goods will report its first quarter results and host a conference call at 8:00 a.m. Eastern Time on May 28, 2025.
The company's belief in the power of sports to change lives was also emphasized, along with its commitment to supporting under-resourced teams and athletes through various community-based initiatives.
The press release did not provide specific comparative figures from the previous period. Following these announcements, the company's shares moved -1.15%, and are now trading at a price of $209.61. Check out the company's full 8-K submission here.
