DICK'S Sporting Goods beats Q1 sales estimates, lifts lower end of annual comp sales view

Dicks Sporting Goods

27/05/2026 12:12

Overview
US sports retailer's Q1 sales rose 63% yr/yr, beating analyst expectations
Non-GAAP EPS for Q1 fell 14% yr/yr, reflecting Foot Locker acquisition dilution
Company raised low end of 2026 comp sales outlook for both DICK'S and Foot Locker businesses

Outlook
Company raises low end of 2026 comp sales outlook for DICK'S Business to 2.5%-4.0%
Company raises low end of 2026 comp sales outlook for Foot Locker Business to 1.5%-3.0%
Company expects full-year 2026 consolidated EPS of $13.27-$14.27; non-GAAP EPS $13.50-$14.50

Result Drivers
DICK'S COMP SALES - 6% comparable sales growth in DICK'S Business driven by higher average ticket, more transactions, and broad-based strength in footwear, apparel, and hardlines
FOOT LOCKER TURNAROUND - Foot Locker Business returned to positive comparable sales and profitability, supported by Fast Break initiative and store remodels

Company press release: ID:nPnc49lp9a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$5.17 bln
$5.09 bln (18 Analysts)
Q1 EPS
 
$3.54
 
Q1 Net Income
 
$320 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 11 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the miscellaneous specialty retailers peer group is "buy"
Wall Street's median 12-month price target for DICK'S Sporting Goods Inc is $250.00, about 7.2% above its May 26 closing price of $233.13
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 14 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)