DICK'S Sporting Goods, Inc. · DKS · FY2025 Q2 · Calendar Q3 2025

DICK'S raises outlook as omnichannel momentum and Foot Locker integration take focus

The current analysis supports a constructive but conditional view: stronger comparable sales, raised guidance and omnichannel investments improve the near-term growth case, while tariff exposure, integration execution and capital intensity remain material tests.

Reported Before market openNYSEConsumer Cyclical $11.67B market cap
100quality score

Earnings scorecard

Reported versus consensus
Reported EPS $4.38 Consensus $4.30
EPS surprise +1.9% Reported versus consensus
Reported revenue $3.65B Consensus $3.61B
Revenue surprise +0.9% Reported versus consensus

Market reaction

prior-close to event-session close
Stock move -4.8% Event window
SPY move +0.4% Same window
Abnormal move -5.2% Stock minus SPY
Volume 3.8× Versus trailing sessions
Subsequent drift +6.1% Up to 20 sessions
DKSSPY benchmark

Ask FN2 about DKS FY2025 Q2

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Why did DKS fall 4.8% after beating EPS estimates in FY2025 Q2?What changed in DKS's guidance and outlook in FY2025 Q2?Give me the bull and bear case for DKS after FY2025 Q2 earnings.

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Transcript intelligence

What changed

Compared with the prior analysis, management raised full-year guidance, reported 5% Q2 comps, advanced the Foot Locker transaction toward its expected September 8 close, and continued planned investment in stores and digital platforms.

Guidance delta

Management raised full-year guidance from 1%-3% comp sales and $13.80-$14.40 EPS to 2%-3.5% sales growth and $13.90-$14.50 EPS.

Key takeaways

  • Management reported 5% Q2 comparable-sales growth and raised its full-year outlook.
  • The Foot Locker transaction had received required approvals, with $100-$125 million of expected synergies.
  • Growth plans center on House of Sport, Fieldhouse, digital tools, Game Changer and DICK'S Media Network.

Management priorities

  • Integrate Foot Locker operations across stores, marketing and merchandise.
  • Continue House of Sport and Fieldhouse expansion while investing in digital tools.
  • Expand Game Changer and use DICK'S Media Network to support engagement and retail-media growth.

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Earnings History

Estimate Beat Miss Match
DKS EPS earnings history estimate and actual scatter chart 9 reported fiscal quarters and 2 future estimate-only quarters. Q4 '24 estimate $3.35 Q4 '24 actual $3.85, beat Q1 '25 estimate $2.95 Q1 '25 actual $3.30, beat Q2 '25 estimate $3.83 Q2 '25 actual $4.37, beat Q2 '26 estimate $4.30 Q2 '26 actual $4.38, beat Q3 '26 estimate $2.69 Q3 '26 actual $2.78, beat Q4 '26 estimate $2.99 Q4 '26 actual $4.05, beat Q1 '27 estimate $2.89 Q1 '27 actual $2.90, match Q2 '27 estimate $3.74 Q2 '27 actual $3.53, miss Q3 '27 estimate $2.89 Q4 '27 estimate $4.72
Show 1 more >

Analyst Consensus ?

ConsensusBuy65 ratings
Bullish3756.9%
Neutral2843.1%
Bearish00.0%

Analyst 52W Price Targets

$136.65Current
$99Low
$197.21Average
$280High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 11, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
Truist Securities Hold HoldMaintainOct 1, 2026
Baird Neutral OutperformDowngradeSep 14, 2026
UBS Buy BuyMaintainAug 27, 2026
Citigroup Buy BuyMaintainAug 27, 2026
Wells Fargo Overweight OverweightMaintainAug 26, 2026
Show 60 more rating actions

Named analyst price targets

Upside is calculated against the persisted current price $136.65. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
Truist FinancialJoseph Civello$128$134.29 -6.3%Oct 1, 2026
BMO CapitalKelly Crago$110$132.37 -19.5%Sep 8, 2026
UBSAnalyst unavailable$178$129.66 +30.3%Aug 27, 2026
BNP ParibasAubrey Tianello$99$128.55 -27.6%Aug 26, 2026
D.A. DavidsonMichael Baker$205$128.54 +50.0%Aug 26, 2026
See 101 more

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Company context

Snapshot as of publication

DICK'S Sporting Goods, Inc., together with its subsidiaries, operates as an omni-channel sporting goods retailer primarily in the United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and fishing gear products; and apparel. The company also offers footwear and accessories, such as athletic shoes for running, walking, tennis, fitness and cross training, basketball, and hiking; and specialty footwear comprising casual footwear and a complete line of cleats for team sports. In addition, it owns and operates Sporting Goods, Golf Galaxy, Public Lands, Moosejaw, and Going Going Gone!…

Historical context

All DKS earnings
-30.7%FY2026 Q2 · Calendar Q3 2026-6.0%FY2026 Q1 · Calendar Q2 2026+1.1%FY2025 Q4 · Calendar Q1 2026

Consumer Cyclical peers this season

Latest reports in the same sector
CompanyQuarterEPS surpriseMarket moveHeadline
NKE NIKE, Inc. FY2027 Q1 · Calendar Q4 2026 +10.0% -0.7% Nike’s performance categories grow as resets weigh on FY27 outlook
CCL Carnival Corporation & plc FY2026 Q3 · Calendar Q3 2026 +5.9% +13.4% Carnival posts record Q3 as demand and efficiency offset fuel costs
DRI Darden Restaurants, Inc. FY2027 Q1 · Calendar Q3 2026 0.0% -3.0% Darden reaffirms FY2027 outlook as brands deliver mixed comp growth
AZO AutoZone, Inc. FY2026 Q4 · Calendar Q3 2026 +3.6% +3.3% AutoZone pairs commercial momentum with an aggressive FY2027 expansion plan
LEN-B Lennar Corporation FY2026 Q3 · Calendar Q3 2026 — — Lennar: Efficiency Gains Offset Housing-Market Pressures
LEN Lennar Corporation FY2026 Q3 · Calendar Q3 2026 — -4.1% Lennar Holds Volume Guidance as Margins Improve Despite Housing Headwinds

Latest beats and misses

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
  3. Polygon adjusted daily market bars · 2026-10-11T08:20:43.123993+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-11T08:20:43.121179+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-10-11. For educational purposes only; not investment advice.