Dick’s Sporting Goods Q4 Beat Fueled by Foot Locker; 2026 Profit Outlook Soft
Dick’s Sporting Goods beat Q4 expectations on revenue and adjusted EPS thanks to its Foot Locker integration, but net income fell 57% as merger-related costs weigh on profitability. For fiscal 2026 the company guides adjusted EPS of $13.50-$14.50, below the $14.67 consensus, with merger-related costs of $500-$750 million (about $390 million booked in 2025). Dick’s expects Foot Locker to return to growth and is expanding its ‘Fast Break’ pilot; Foot Locker comps are seen rising 1%-3% for the full year, while the broader business continues to rightsize stores and clear inventories.