Dick's Sporting Goods Reports 5.7% Sales Growth

By Greg Peters • Tuesday, November 25 15:33 • Permanent Link

Dick's Sporting Goods, Inc. reported a 5.7% increase in comparable sales growth for the Dick's business in the third quarter. Earnings per diluted share came in at $0.86, while non-GAAP earnings per diluted share for the Dick's business were $2.78, compared to $2.75 during the prior year quarter. The company also opened 13 new House of Sport locations and 6 new Dick's Field House locations during the third quarter.

Furthermore, the company raised its full-year 2025 guidance for comparable sales growth for the Dick's business to a range of 3.5% to 4.0%, up from the previous range of 2.0% to 3.5%. Additionally, the full-year 2025 earnings per diluted share guidance for the Dick's business was raised to a range of $14.25 to $14.55, up from $13.90 to $14.50 previously.

The acquisition of Foot Locker was completed, making Dick's Sporting Goods a global leader in the sports retail industry. The company indicated that it assembled a world-class management team and initiated a review of unproductive assets, which is expected to result in future pre-tax charges of $500 to $750 million.

The company's executive chairman, Ed Stack, expressed excitement about the acquisition of Foot Locker, stating that it marks a bold and transformative step that expands their reach and creates a global platform at the intersection of sport and culture. He highlighted actions to clear unproductive inventory, close underperforming stores, and lay the foundation for a fresh start in 2026.

Lauren Hobart, president and chief executive officer, emphasized the effectiveness of their long-term strategies and the best-in-class execution by the team, which drove outstanding results for the Dick’s business. She also welcomed the Foot Locker team members to the Dick’s family and expressed excitement about the journey underway to return the Foot Locker business to its rightful place in the industry.

As a result of these announcements, the company's shares have moved 1.0% on the market, and are now trading at a price of $208.37. For the full picture, make sure to review DICK'S SPORTING GOODS, INC.'s 8-K report.

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