Dick's Sporting Goods Lowers Fiscal 2026 Profit Outlook Amid Foot Locker Pressure
Adjusted earnings of $3.53 per share missed consensus as revenue came in slightly below expectations. While Dick’s comparable sales rose 4.9%, Foot Locker pro forma comparable sales fell 3.6% amid stronger promotions, weaker trends, and higher costs. For fiscal 2026, DKS lowered its adjusted profit outlook to $11.00-$12.00 and cut sales guidance, with Foot Locker now expected to post a $40-$80 million operating loss.