Dick's Sporting Goods falls after cutting annual profit forecast

Dicks Sporting Goods

27/05/2026 13:44

** Shares of sportswear retailer Dick's Sporting Goods DKS.N down ~2% at $229.08 in premarket trading
** Co trims its full-year profit forecast as margin pressure tied to its Foot Locker acquisition weighed on earnings, even as strong demand for sneakers and apparel lifted quarterly sales
** Expects 2026 consolidated earnings in the range of $13.27 to 14.27 per diluted share, compared with its prior forecast of $13.70 to 14.70
** Maintains overall annual net sales forecast between $22.1 billion and $22.4 billion
** Posts Q1 net sales of $5.17 billion, compared to estimates of $5.09 billion
** Logs adjusted EPS of $2.90 vs estimates of $2.92
** As of last close, stock up 17% YTD

 (Reporting by Koyena Das from Bengaluru)
 ((Koyena.das@thomsonreuters.com))