DICK'S Sporting Goods lowered its fiscal 2026 profit outlook after a softer-than-expected second quarter, with adjusted earnings of $3.53 per share missing the Zacks Consensus Estimate of $3.78 and revenues of $5.59 billion trailing the consensus mark of $5.63 billion. The company now expects adjusted earnings of $11.00-$12.00 per share, down from the prior $13.50-$14.50 range, and consolidated net sales of $21.9-$22.2 billion, compared with the earlier $22.1-$22.4 billion outlook. Foot Locker, which generated $1.74 billion in second-quarter revenues, remains the largest pressure point, with DKS now expecting it to post an operating loss of $40-$80 million for fiscal 2026, reversing its prior expectation for $110-$150 million in operating profit. Consolidated adjusted gross profit fell 300 basis points year over year to 34.1% of sales, while adjusted SG&A expenses rose 65% to $1.4 billion, including $477 million tied to Foot Locker. The core DICK'S Business delivered 4.9% comparable sales growth, but pro forma comparable sales for Foot Locker fell 3.6%, and DKS shares have lost 33.2% in the past six months.
Dick’s Sporting Goods IncDKS cut its fiscal 2026 profit outlook and reported Q2 earnings below estimates.
Nike Inc
Under Armour Inc AFoot Locker's weak sales and expected operating loss are a major drag on DKS's outlook.
