DICK'S Sporting Goods, Inc. · DKS · FY2025 Q4 · Calendar Q1 2026

DICK'S Maintains Outlook as Foot Locker Integration Advances

The supplied analysis supports a cautiously constructive operating thesis: resilient core demand, store-format expansion, digital assets, and Foot Locker integration provide potential growth drivers, while execution and consumer-spending risks remain material. The evidence supports monitoring the thesis rather than treating it as established.

Reported Before market openNYSEConsumer Cyclical $11.35B market cap
100quality score

Earnings scorecard

Reported versus consensus
Reported EPS $4.05 Consensus $2.99
EPS surprise +35.5% Reported versus consensus
Reported revenue $6.23B Consensus $6.07B
Revenue surprise +2.5% Reported versus consensus

Market reaction

prior-close to event-session close
Stock move +1.1% Event window
SPY move -1.5% Same window
Abnormal move +2.6% Stock minus SPY
Volume 2.8× Versus trailing sessions
Subsequent drift +7.5% Up to 20 sessions
DKSSPY benchmark

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Why did DKS rise 1.1% after beating EPS estimates in FY2025 Q4?What changed in DKS's guidance and outlook in FY2025 Q4?Give me the bull and bear case for DKS after FY2025 Q4 earnings.

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Transcript intelligence

What changed

Compared with the prior quarter, the supplied analysis shifts from planned Foot Locker inventory cleanup and anticipated charges to completed cleanup, Fast Break rollout, and a maintained FY 2026 outlook. The focus is now execution: scaling new formats, capturing synergies, and improving Foot Locker profitability.

Guidance delta

Management maintained its FY 2026 outlook: 2–4% DICK'S comparable-sales growth, an 11.1% operating margin, and Foot Locker operating income of $100–150 million.

Key takeaways

  • Management described record FY 2025 sales and margin expansion in the core DICK'S business.
  • Foot Locker inventory cleanup is complete, while Fast Break stores are being used to improve comps and margins.
  • Growth plans center on House of Sport and Fieldhouse expansion, sport-event demand, brand partnerships, GameChanger, and DICK'S Media Network.

Management priorities

  • Execute the Foot Locker integration and scale the Fast Break format.
  • Expand House of Sport and Fieldhouse locations while improving inventory productivity.
  • Develop GameChanger, DICK'S Media Network, and AI-enabled labor, inventory, and personalization tools.

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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
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Analyst Consensus ?

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

Analyst 52W Price Targets

$135.81Current
$99Low
$197.21Average
$280High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 2, 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 $135.81. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
Truist FinancialJoseph Civello$128$134.29 -5.8%Oct 1, 2026
BMO CapitalKelly Crago$110$132.37 -19.0%Sep 8, 2026
UBSAnalyst unavailable$178$129.66 +31.1%Aug 27, 2026
BNP ParibasAubrey Tianello$99$128.55 -27.1%Aug 26, 2026
D.A. DavidsonMichael Baker$205$128.54 +50.9%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

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 · 2026-07-26T00:36:15.940040+00:00
  3. Polygon adjusted daily market bars · 2026-10-02T14:16:07.115880+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-02T14:16:07.113553+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 2026-10-02. For educational purposes only; not investment advice.