Dick's Sporting Goods Faces Q2 Revenue Miss, Foot Locker Outlook Trimmed

Dick's Sporting Goods posted Q2 revenue of $5.59B and adjusted EPS of $3.53, missing consensus estimates of $5.65B and $3.76, while Dick's stores grew comps 4.9% and Foot Locker comps fell 3.6%. The company trimmed Foot Locker's outlook to flat-to-down 2% and lowered full-year guidance to net sales of $21.9–$22.2B and operating income of $1.45–$1.55B, though it still expects the Dick's business to grow 2.5–4%. Management remains confident in the Dick's/Fo ot Locker turnaround after a $2.4B 2025 acquisition, aided by $59M in tariff refunds during the quarter.