Dick's Sporting Good Reports Quarterly Earnings

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Dick’s Sporting Goods shines after topping Q1 estimates and reaffirming outlook

The strong results come as Dick’s tees up its $2.4 billion Foot Locker acquisition.

5/28/25 10:11AM

Shares of Dick’s Sporting Goods initially jumped as much as 6% after beating Q1 expectations and reaffirming its outlook, but gave back most of those gains in early trading.

Earnings per share for the quarter came in at $3.37, topping the $3.28 analysts expected. Revenue also beat estimates and jumped 5% to a Q1 record of $3.1 billion. Same-store sales rose 4.5%, marking the fifth straight quarter with comps above 4%.

Dick’s opened two new 100,000-square-foot interactive House of Sport locations and four new Dick’s Field House stores during the quarter. The company also doubled down on its optimism around a $2.4 billion takeover bid for Foot Locker, which would combine to bring Dick’s total stores to over 3,200 and bring in more than $10 billion in annual revenue, including $5 billion from footwear.

“We are very pleased with our first-quarter results,” President and CEO Lauren Hobart said in a statement. “Our performance shows the strength of our long-term strategy and consistent execution. Q1 comps rose 4.5% thanks to growth in both average ticket and transactions.”

Looking ahead, Dick’s reaffirmed its 2025 outlook, projecting comparable sales growth of 1% to 3% and full-year EPS between $13.80 and $14.40. The forecast includes all tariffs currently in effect. Dick’s shares are still down about 22% so far this year.

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