Dick's Sporting Goods reported consolidated net sales of $5.59 billion for its fiscal 2026 second quarter, up 53.2% year over year, driven by a $1.74 billion contribution from the Foot Locker business. DICK'S business comparable sales increased 4.9%, with average ticket up 3.6% and transactions up 1.3%, while Foot Locker pro forma comparable sales declined 3.6%. Consolidated non-GAAP EPS fell to $3.53 from $4.38 a year earlier, and the company lowered its full-year EPS guidance to $11 to $12 from $13.50 to $14.50, citing a more promotional athletic footwear market and higher costs. DICK'S business gross margin expanded 79 basis points, but Foot Locker posted an operating loss of $31.9 million, and the company said the promotional environment is expected to persist through at least the fourth quarter.
Dick’s Sporting Goods IncLowered full-year EPS guidance due to promotional market and higher costs.
Foot Locker posted an operating loss and comparable sales declined.
