Companies

Dick’s Sporting Goods posts strong first quarter

Jun 3, 2026 United States

The US-based sporting goods retailer has reported strong first-quarter results, driven by growth in its core business and an improvement in Foot Locker’s performance

“We’re very proud of our company’s Q1 results. Sport is driving sustained energy and engagement across the consumer landscape, and our team turned that athlete demand into another very strong quarter of execution”, said Lauren Hobart, President and Chief Executive Officer.

First-Quarter Results

In the first quarter of the 2026 financial year, which ended on the 3^rd of May, Dick’s Sporting Goods recorded total sales of 5.17 million US dollars, reflecting a 62.7% increase compared to the same period of the previous year. On a proforma basis, consolidated comparable sales increased by 4.1%.

Notably, the company’s core Dick’s Sporting Goods business experienced a 6.0% increase in comparable sales, while Foot Locker recorded a modest 0.6% rise. This marks a turnaround for Foot Locker, which has returned to positive comparable sales growth.

“With Foot Locker, our excitement and confidence continue to build as we execute our plan, and in Q1 we saw encouraging proof points, returning the Foot Locker Business to positive comps and profitability”, stated Ed Stack, Executive Chairman.

The company pointed to positive early results from Foot Locker’s ‘Fast Break’ remodelling programme, which has generated double-digit comparable sales growth and higher merchandise margins in participating stores. The initiative was expanded to approximately 100 stores during the first quarter, with the Dick’s expecting to reach around 250 stores by the back-to-school period.

Earnings per diluted share increased from 3.24 in the same prior-year quarter to 3.54 US dollars in this first quarter. On a non-GAAP basis, however, earnings per diluted share fell to 2.90 from 3.37 US dollars. The company noted that the results of the current year include the dilutive effect of the 9.6 million shares issued as part of the acquisition of Foot Locker.

Full-Year Outlook

The company revised its full-year comparable sales growth outlook for Dick’s Sporting Goods and Foot Locker. The lower end of the revised range is now between 2.5% and 4.0% for Dick’s Sporting Goods (previously: 2.0% to 4.0%) and between 1.5% and 3.0% for Foot Locker (previously: 1.0% to 3.0%).

Dick’s lowered its GAAP operating income and earnings per share guidance to consider the impact of acquisitions, but it increased its non-GAAP operating income outlook to between 1.71 and 1.83 billion US dollars (up from 1.68 to 1.81 billion). The company also maintained its non-GAAP earnings per share guidance at between 13.50 and 14.50 US dollars.

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United States Companies Dicks Sporting Goods Foot Locker, Inc. Quarter Results Results