Based on the unaudited pro forma condensed combined financial information provided by Dick’s Sporting Goods, Inc. and Foot Locker, Inc., the following key metrics have changed as a result of their merger:
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Total Assets: The pro forma combined total assets as of August 2, 2025, amounted to $16,693,736, reflecting an increase from Dick’s Sporting Goods’ historical total assets of $10,690,771 and Foot Locker’s historical, adjusted total assets of $6,507,000.
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Net Sales: The pro forma combined net sales for the twenty-six weeks ended August 2, 2025, stood at $10,472,293, a significant increase from Dick’s Sporting Goods’ historical net sales of $6,821,293 and Foot Locker’s historical, adjusted net sales of $3,651,000.
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Gross Profit: After adjusting for the merger and integration costs, the pro forma combined gross profit for the twenty-six weeks ended August 2, 2025, totaled $3,492,633, compared to $2,516,358 for Dick’s Sporting Goods and $958,000 for Foot Locker, Inc.
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Net Income: The pro forma combined net income for the twenty-six weeks ended August 2, 2025, amounted to $256,315, taking into account the transaction accounting adjustments, as opposed to Dick’s Sporting Goods’ historical net income of $645,690 and Foot Locker’s adjusted historical net income of ($401,000).
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Earnings Per Common Share: The pro forma combined basic and diluted earnings per common share for the same period were $2.89 and $2.82, respectively, compared to Dick’s Sporting Goods’ historical basic and diluted earnings per common share of $8.15 and $7.95, and Foot Locker’s adjusted historical basic and diluted earnings per common share of ($4.20).
These figures illustrate the financial impact of the merger on the combined entity, reflecting changes in total assets, net sales, gross profit, net income, and earnings per common share. The market has reacted to these announcements by moving the company's shares -0.36% to a price of $221.24. Check out the company's full 8-K submission here.
