Dick's Sporting Goods reported first-quarter fiscal 2026 adjusted earnings of $2.90 per share, missing the Zacks Consensus Estimate of $2.91 and declining from $3.37 a year ago. Net sales jumped 62.7% to $5.17 billion, beating the $5.06 billion consensus, driven by the Foot Locker acquisition and 6% comparable sales growth in the core Dick's business. Gross margin contracted 411 basis points, while SG&A expenses rose 48.2% to $1.16 billion. For full-year fiscal 2026, the company projects net sales of $22.1 billion to $22.4 billion, with the Dick's segment contributing $14.5 billion to $14.7 billion and the Foot Locker segment adding $7.6 billion to $7.7 billion. The board declared a quarterly dividend of $1.25 per share, payable June 26 to shareholders of record as of June 12.
Dick’s Sporting Goods IncAdjusted EPS missed estimates and declined YoY, gross margin contracted 411 bps, and SG&A rose sharply.
Foot Locker acquisition contributed to sales surge, but no standalone performance details for Foot Locker.