DICK'S SPORTING GOODS Acquires Foot Locker for $2.4B

By Bobby Samwell • Friday, August 29 15:35 • Permanent Link

DICK'S SPORTING GOODS, INC. has recently released its 10-Q report, providing a detailed look into the company's financial performance and operations. DICK'S Sporting Goods, Inc. operates as an omni-channel sporting goods retailer primarily in the United States, offering a wide range of sporting goods equipment, fitness equipment, golf equipment, fishing gear products, apparel, footwear, and accessories. The company operates various specialty concept stores and owns GameChanger, a youth sports mobile app for live streaming, scheduling, communications, and scorekeeping. DICK'S Sporting Goods, Inc. has been focusing on strategic pillars of athlete experience, differentiated product, brand engagement, and teammate experience to drive sustained profitable growth.

In the 10-Q report, DICK'S Sporting Goods, Inc. stated that it has entered into a definitive merger agreement to acquire Foot Locker, a leading footwear and apparel retailer, for a total equity value of approximately $2.4 billion and an enterprise value of approximately $2.5 billion. The acquisition is expected to create a global platform serving a broader set of athletes through differentiated iconic concepts and robust digital experiences. DICK'S Sporting Goods, Inc. incurred pre-tax Foot Locker acquisition-related costs of $12.5 million during the 13 weeks ended August 2, 2025, in anticipation of the acquisition.

The report also highlighted the company's outlook for 2025, where it raised its full-year outlook and expects comparable sales growth for the year to be in the range of 2.0% to 3.5% and earnings per diluted share to be in the range of $13.90 to $14.50, excluding acquisition-related costs, investment gains, or results from the planned acquisition of Foot Locker.

Additionally, the report mentioned the impact of recent tax legislation, specifically the One Big Beautiful Bill Act, which includes several measures affecting corporations and other business entities, including modifications and permanent extension of certain expiring provisions of the 2017 Tax Cuts and Jobs Act. The company anticipates that the new legislation will have an impact on its tax obligations.

Following these announcements, the company's shares moved -1.62%, and are now trading at a price of $211.60. If you want to know more, read the company's complete 10-Q report here.

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