DICK’S Sporting Goods said its Foot Locker acquisition added about $4.6 billion in net sales and pushed combined fiscal 2026 revenue to $21.78 billion on a pro forma basis, up from DICK’S standalone $17.22 billion.
The company’s pro forma gross profit for the year ended Jan. 31, 2026 came to $6.95 billion, compared with $5.67 billion for DICK’S alone. Gross margin dollars rose by $1.28 billion even after the addition of Foot Locker’s lower-margin business.
Operating income on the combined basis was $975.96 million, down from DICK’S historical $1.10 billion. Foot Locker’s inclusion and transaction-related costs more than offset the added revenue.
Net income on a pro forma basis was $563.95 million, versus $849.24 million for DICK’S alone, a decline of $285.29 million.
Earnings per share fell sharply on the combined basis because of the added share count. Basic EPS dropped to $6.35 from $10.22, while diluted EPS fell to $6.21 from $9.97.
Weighted average basic shares increased to 88.799 million from 83.135 million, reflecting the issuance of about 9.6 million DICK’S shares in the deal. Diluted shares rose to 90.808 million from 85.144 million.
Cost of goods sold, including occupancy and distribution costs, rose to $14.83 billion from $11.55 billion. Selling, general and administrative expenses increased to $5.67 billion from $4.34 billion. Merger and integration costs climbed to $233.19 million from $164.19 million.
Interest expense increased to $78.37 million from $64.26 million, while other income narrowed to $85.46 million from $110.33 million. Income before taxes fell to $983.05 million from $1.14 billion, and income tax provision rose to $419.10 million from $292.73 million. As a result of these announcements, the company's shares have moved 2.27% on the market, and are now trading at a price of $123.90. For more information, read the company's full 8-K submission here.
