Dick's Sporting Goods on Thursday updated its full-year outlook after posting quarterly results that beat analyst estimates, pointing to sustained demand for athletic footwear and apparel as the main driver. The company said it now expects full-year net sales to land between $22.1 billion and $22.4 billion, topping the consensus estimate of $21.98 billion compiled by LSEG.
The Pennsylvania-based retailer reported sales for the quarter ended Jan. 31 of $6.23 billion, which included revenue from Foot Locker, the chain it acquired last year in a $2.4 billion transaction. That figure represents roughly a 60% increase from the same period a year earlier and exceeded analysts' projections of $6.07 billion.
On a per-share basis, Dick's posted adjusted earnings of $3.45, above the consensus of $2.87. For the full year, the company forecast adjusted earnings between $13.50 and $14.50 per share, compared with the $14.67 per-share estimate tracked by analysts.
Despite a broader environment in which consumers have pared back discretionary spending amid inflation and trade uncertainty, Dick's said a growing focus on health, fitness and comfortable apparel is supporting its business. Management cited particularly strong demand for popular brands including On Running and Hoka, which the company said helped counteract softer trends at some legacy labels such as Puma and Nike.
The retailer is also expanding its store footprint. Dick's plans to open about 14 additional House of Sport locations and about 22 new DICK'S Field House locations in 2026.
Regarding Foot Locker, Dick's expects full-year adjusted comparable sales for that business to increase between 1% and 3%. "We also look forward to returning the Foot Locker business to both top-line and bottom-line growth in 2026," CEO Lauren Hobart said.
Shares of Dick's were trading higher in premarket activity, up about 5% following the results and outlook.
Sector impacts - The report touches retail, athletic footwear and apparel categories, and the broader consumer discretionary sector given consumers' evolving spending patterns amid inflationary and trade pressures.