For the 13 weeks ended 1 August 2026, Dick’s Sporting Goods reported net sales of $5.59bn, a 53% increase compared to Q2 2025.
The Dick’s brand achieved a 4.9% increase in comparable store sales, supported by growth across multiple categories, strong performance linked to the 2026 FIFA World Cup, and increases in both average transaction value and customer transactions.
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However, comparable sales for the Foot Locker Business fell by 3.6%, reflecting difficulties in the athletic footwear market.
During Q2 FY26, the Dick’s operating income as a percentage of sales fell to 7.9%, down from 12.4% a year earlier.
Dick’s Sporting Goods’ net income fell by 17% to $315m in Q2, with earnings per diluted share declining 26% to $3.50.
Dick’s Sporting Goods executive chairman Ed Stack commented: “The Dick’s Business delivered a strong second quarter with broad-based growth across categories. As the quarter progressed, conditions across portions of the athletic footwear and apparel marketplace became increasingly promotional, and we took action to remain competitively priced to protect and grow our leadership position.”
“This environment had a more significant impact on the Foot Locker Business given its greater exposure to legacy footwear silhouettes and greater dependence on footwear launch and retro product.”
Year-to-Date Consolidated Operating Results
Over the first half of FY26, Dick’s posted consolidated net sales of $10.75bn, up from $6.82bn in 2025.
Despite this 58% rise, operating income as a percentage of sales dropped to 8.3%, compared to 12.0% last year.
The company’s net income for the 26-week period was largely flat at $635m, with earnings per diluted share declining 11% to $7.04.
Fiscal 2026 Projections
Dick’s Sporting Goods has updated its FY26 financial guidance in response to ongoing promotional activity in the athletic footwear and apparel sectors.
The company now anticipates consolidated net sales for the year of between $21.9bn and $22.2bn, with operating income projected to fall within the $1.45bn to $1.55bn range.
The Dick’s core business is forecast to generate net sales of $14.5bn to $14.7bn for 2026, with segment profit expected to total $1.54bn to $1.60bn.
In contrast, the Foot Locker segment faces headwinds, with proforma comparable sales projected between negative 2% and flat for the year.
Segment net sales are expected to be between $7.4bn and $7.5bn, with an operating loss of $40m to $80m.
Ed Stack added: “We are taking a more cautious view of the balance of the year. While these near-term dynamics have led us to revise our expectations for 2026, our confidence in the long-term opportunities ahead for both Dick’s and Foot Locker remains unchanged.”
Lauren Hobart, president and CEO at Dick’s, added: “While we are taking a more cautious view of the balance of the year, we remain highly confident in the strength of the Dick’s business and our long-term opportunity at Foot Locker.”
