Dick's Sporting Goods reports strong Q1, maintains positive outlook

Dick’s Sporting Goods has reported its first-quarter 2025 financial results, delivering diluted earnings per share of 3.24 dollars and non-GAAP diluted earnings per share of 3.37 dollars, compared to 3.30 dollars in the prior year's quarter.

Looking ahead, Dick's Sporting Goods maintains its full-year 2025 guidance, anticipating comparable sales growth in the range of 1 percent to 3 percent and earnings per diluted share between 13.80 dollars and 14.40 dollars, with this outlook including the expected impact from all currently effective tariffs. The company also projects net sales of 13.6 billion dollars to 13.9 billion dollars.

"We are very pleased with our first quarter results. Our performance demonstrates the momentum and strength of our long-term strategies and the consistency of our execution,” said president and chief executive officer Lauren Hobart. “We are reaffirming our 2025 outlook, which reflects our strong start to the year and confidence in our strategies and operational strength while still acknowledging the dynamic macroeconomic environment," Hobart added.

A significant development for the company is the recently announced definitive merger agreement to acquire Foot Locker, Inc. Under the terms of the May 15, 2025, agreement, Foot Locker shareholders can elect to receive either 24 dollars in cash or 0.1168 shares of Dick’s Sporting Goods common stock for each Foot Locker share, valuing the acquisition at approximately 2.4 billion dollars in equity and 2.5 billion dollars in enterprise value. The acquisition is expected to close in the second half of 2025.

"For many years we've admired Foot Locker's brand and the powerful community they've built in sneaker culture. By bringing our two great brands together, we see the opportunity to create a global leader in the sports retail industry by serving a broader set of athletes," said executive chairman Ed Stack.

Additionally, the company's board of directors authorized a quarterly dividend of 1.2125 dollars per share, payable on June 27, 2025, to stockholders of record as of June 13, 2025.

During this period, the company expanded its physical footprint by opening two new House of Sport locations and four new Dick’s Field House locations.