Dick's Sporting Goods shares drop on third quarter profit miss

Dicks Sporting Goods

25/11/2025 15:41

** Shares of sportswear retailer Dick's Sporting Goods  down about 3% at $199.92

** Co warns of up to $750 million in charges tied to a sweeping review of its recently acquired Foot Locker business

** Co expects Q4 gross margin at Foot Locker to drop between 1,000 and 1,500 basis points

** DKS reports adjusted Q3 EPS of $2.07 vs. estimates of $2.71, according to data compiled by LSEG

** Co, however, raised annual sales and profit forecasts

** As of last close, DKS down 9.62% YTD

 (Reporting by Sanskriti Shekhar in Bengaluru)

 ((Sanskriti.Shekhar@thomsonreuters.com))