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DICK’S Sporting Goods beats FY25 sales outlook with 28.1% growth

DICK'S Sporting Goods has delivered strong performance in fiscal 2025 (FY25), with growth in both sales and earnings exceeding expectations.

During the full year ended 31 January 2026, the company’s annual net sales reached $17.22bn, reflecting a 28.1% increase from the previous year’s $13.44bn.

This surpasses the sales range of $13.95bn to $14.0bn projected by the company in its third-quarter (Q3) results.

The sporting goods retailer reported 4.5% comparable sales growth for the DICK'S Business in FY25, also exceeding the expected range of 3.5% to 4.0%, with the increase driven by higher average ticket size and transaction volumes.

DICK'S Sporting Goods' net income dropped 27% to $849m in the year, compared with $1.17bn in 2024, resulting in earnings per diluted share of $9.97, down from $14.05 in FY24.

The company expanded its footprint by opening 16 House of Sport locations and 15 Dick’s Field House locations during FY25, with plans to add approximately 14 House of Sport and 22 Field House locations in fiscal 2026.

In September 2025, DICK'S Sporting Goods acquired all outstanding shares of Foot Locker for $2.5bn under a merger agreement executed earlier that year.

DICK'S Sporting Goods executive chairman Ed Stack said: "2025 was another strong year for the DICK'S Business, with growth in comps and EPS exceeding our expectations. We've now owned the Foot Locker Business for about six months and our excitement and our conviction in the long‑term opportunity continue to grow. We're very encouraged by what we're seeing with our Fast Break initiative, the evolution of our 11-store Foot Locker pilot, which we plan to rapidly scale in 2026.”

Outlook for FY26

For fiscal 2026, DICK'S Sporting Goods forecasts comparable sales growth between 2.0% and 4.0% for its core business and between 1.0% and 3.0% on a proforma basis for the Foot Locker segment.

Consolidated operating income is expected to range from $1.71bn to $1.83bn, with non-GAAP operating income projected between $1.68bn and $1.81bn.

The company anticipates consolidated earnings per diluted share of $13.70 to $14.70 on a GAAP basis, or $13.50 to $14.50 on a non-GAAP basis.

DICK'S Sporting Goods president and CEO Lauren Hobart added: “For 2026, we expect to drive continued comp growth, strategic expansion of our square footage, and strong profitability for the DICK'S Business. We also look forward to returning the Foot Locker Business to both top-line and bottom-line growth in 2026.”