Dick's Sporting Goods forecasts annual sales above estimates

DICK'S Sporting Goods, Inc. has issued a full-year sales forecast that exceeds Wall Street expectations, driven by sustained consumer interest in athletic footwear and apparel. The United States-based retailer saw its shares climb approximately 5% in premarket trading following the announcement. Despite broader economic pressures such as inflation and trade uncertainty, consumers continue to prioritize health and fitness. This trend has significantly benefited the sporting goods sector, particularly through strong demand for emerging brands. The company noted that high demand for On Holding AG and Deckers Outdoor Corporation's Hoka brand helped mitigate softer performance from legacy partners like PUMA Se and NIKE, Inc.. Operational expansion remains a priority, with the company planning to open 14 additional House of Sport locations and 22 new Field House stores by 2026. Furthermore, the integration of the Foot Locker business, acquired in a $2.4 billion deal last year, is expected to yield adjusted comparable sales growth of 1% to 3% for the current year. > We also look forward to returning the Foot Locker business to both top-line and bottom-line growth in 2026, CEO Lauren Hobart said. Financial guidance for the full year places net sales between $22.1 billion and $22.4 billion, ahead of the $21.98 billion estimated by analysts. The company also anticipates annual adjusted profit to fall between $13.50 and $14.50 per share. For the quarter ending January 31, which incorporated Foot Locker revenue, sales grew 60% year-over-year to $6.23 billion, beating the $6.07 billion forecast. Adjusted earnings per share reached $3.45, significantly outperforming the $2.87 estimate.