Dick's Cuts Profit Forecast on Foot Locker Overhaul
Dick's Sporting Goods lowered its annual profit forecast as Foot Locker costs offset sales. The company now expects earnings per share of $13.27 to $14.27.
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DICK'S SPORTING GOODS INC cut its 2026 profit forecast to $13.27–$14.27 per share as costs from its Foot Locker overhaul pressured margins. The retailer previously expected $13.70 to $14.70 per share but maintained its annual sales target of $22.1 billion. Investors are weighing short-term margin compression against a 62.7% surge in quarterly sales and improving footwear demand.
