Dick's Sporting Goods Merges with Foot Locker

By Hao Liu • Monday, September 08 06:03 • Permanent Link

Dick's Sporting Goods, Inc. recently entered into a merger agreement with Foot Locker, Inc. The unaudited pro forma condensed combined financial information provides a snapshot of the company's financial position as if the merger had occurred at an earlier date.

The pro forma combined balance sheet as of August 2, 2025, shows that Dick's Sporting Goods had total assets of $10,690,771, while Foot Locker, Inc., had total assets of $6,507,000. The transaction accounting adjustments resulted in the pro forma combined total assets amounting to $16,693,736.

In terms of net sales, Dick's Sporting Goods reported $6,821,293 for the twenty-six weeks ended August 2, 2025, while Foot Locker, Inc. reported $3,651,000. After making transaction accounting adjustments, the pro forma combined net sales amounted to $10,472,293 for the same period.

The unaudited pro forma condensed combined statement of operations for the twenty-six weeks ended August 2, 2025, shows that Dick's Sporting Goods had a net income of $645,690, while Foot Locker, Inc. had a net loss of $401,000. The transaction accounting adjustments resulted in a pro forma combined net income of $256,315 for the same period.

For the year ended February 1, 2025, Dick's Sporting Goods reported net sales of $13,442,849, and Foot Locker, Inc. reported net sales of $7,988,000. The pro forma combined net sales for the period amounted to $21,430,849 after making transaction accounting adjustments.

The cost of goods sold, including occupancy and distribution costs, for the year ended February 1, 2025, was $8,617,153 for Dick's Sporting Goods and $5,785,000 for Foot Locker, Inc. After making transaction accounting adjustments, the pro forma combined cost of goods sold amounted to $14,371,392 for the same period.

This merger is expected to have a significant impact on the financial position and performance of the combined entity, as indicated by the pro forma financial information. Following these announcements, the company's shares moved -0.36%, and are now trading at a price of $221.24. Check out the company's full 8-K submission here.

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