The Investor
29 May 2025, 09:32
DICK’S Sporting Goods Reports Strong Q1 2025 Results and Announces Foot Locker Acquisition
DICK’S Sporting Goods delivered a record Q1 with net sales of $3.18 billion (up 5.2%) and comparable sales growth of 4.5%, driven by increases in both transaction count and average ticket. Non-GAAP earnings per diluted share were $3.37, up from $3.30 a year ago.
The company reaffirmed its full-year 2025 outlook, projecting:
• EPS of $13.80 to $14.40
• Comparable sales growth of 1.0% to 3.0%
• Net sales of $13.6 to $13.9 billion
During the quarter, DICK’S opened two House of Sport and four Field House locations, bringing the total store count to 885. It also repurchased $299 million in shares and paid $100 million in dividends.
A major highlight was the announced acquisition of Foot Locker, a $2.5 billion deal expected to close in the second half of 2025. The merger aims to create a global leader in sports retail, combining DICK’S broad appeal with Foot Locker’s strong presence in sneaker culture. Shareholders of Foot Locker will receive either $24 per share in cash or 0.1168 DICK’S shares.
Despite a year-over-year dip in GAAP net income (to $264 million from $275 million), gross margin improved, and capital investments nearly doubled. The company closed the quarter with $1.04 billion in cash and no outstanding revolving debt.
DICK’S Sporting Goods delivered a record Q1 with net sales of $3.18 billion (up 5.2%) and comparable sales growth of 4.5%, driven by increases in both transaction count and average ticket. Non-GAAP earnings per diluted share were $3.37, up from $3.30 a year ago.
The company reaffirmed its full-year 2025 outlook, projecting:
• EPS of $13.80 to $14.40
• Comparable sales growth of 1.0% to 3.0%
• Net sales of $13.6 to $13.9 billion
During the quarter, DICK’S opened two House of Sport and four Field House locations, bringing the total store count to 885. It also repurchased $299 million in shares and paid $100 million in dividends.
A major highlight was the announced acquisition of Foot Locker, a $2.5 billion deal expected to close in the second half of 2025. The merger aims to create a global leader in sports retail, combining DICK’S broad appeal with Foot Locker’s strong presence in sneaker culture. Shareholders of Foot Locker will receive either $24 per share in cash or 0.1168 DICK’S shares.
Despite a year-over-year dip in GAAP net income (to $264 million from $275 million), gross margin improved, and capital investments nearly doubled. The company closed the quarter with $1.04 billion in cash and no outstanding revolving debt.