DICK’S Sporting Goods Reports Strong Q2 2025 Ahead of Foot Locker Merger

DICK’S Sporting Goods reported powerful second-quarter earnings for the period ending August 2, 2025, affirming its position at the forefront of American sporting goods retail. This performance comes as the company prepares to close its transformative acquisition of Foot Locker, a move poised to reshape athletic retail in the U.S..

Q2 2025 Earnings: Sales, Growth, and Profit Highlights

DICK’S announced net sales of $3.65 billion, up 5% from $3.47 billion last year, highlighted by a comparable sales (comps) increase of 5%. For granular financial breakdowns, see MarketBeat’s DKS earnings calendar.

Net income: $381 million, rising 5% year-over-year.
GAAP EPS: $4.71, up $0.34 (8%) from Q2 2024.
Non-GAAP EPS: $4.38, virtually unchanged from $4.37.
Gross margin: Climbed to 37.1%, exceeding many analyst forecasts.

Performance was driven by strong store results and digital sales, with innovative retail concepts and merchandising playing a pivotal role. Benzinga’s press release coverage offers more earnings highlights.

Six-Month Year-To-Date Performance

Over the first 26 weeks, DICK’S posted $6.82 billion in net sales, up 5.1% from the previous year. EPS for the half-year reached $7.95, with non-GAAP earnings up 1% to $7.75. For more statistics and tables, review the Panabee earnings report.

Store Expansion and Capital Allocation

DICK’S continues aggressive expansion with new House of Sport, Field House, and Golf Galaxy locations. The total store count reached 889 by quarter’s end, underscoring a multi-format retail strategy.

Shareholder rewards are strong:

$299 million repurchased in stock so far in 2025, with $212.9 million left in repurchase authorization.
Quarterly dividend: $1.2125 per share, declared August 27 for payment September 26, 2025.

Foot Locker Acquisition—A Sector-Defining Move

May’s announcement of the Foot Locker acquisition brought major industry attention. The $2.4 billion deal lets Foot Locker shareholders choose either cash or stock in DICK’S (full merger details). Shareholder and regulatory approvals are complete, with closing expected September 8, subject only to final conditions.

This top-tier merger will elevate DICK’S competitive profile, combining strengths in athletic footwear, e-commerce, and brand partnerships. Yahoo Finance and CNBC earnings analysis provide commentary and reactions.

Full-Year Guidance and Forward-Looking Statements

Net sales outlook: $13.75–$13.95 billion for 2025.
Comps forecast: 2.0% to 3.5% increase, adjusted from earlier projections.
EPS: $13.90–$14.50 expected for the full year.

For official guidance, reconciliation tables, and non-GAAP disclosures, visit DICK’S Investor Relations.

Leadership Perspective and Industry Positioning

CEO Lauren Hobart and Executive Chairman Ed Stack credit operational execution and omni-channel investments for margin expansion and continued growth.

Ed Stack commented:

“Momentum in Q2 reflects the power of our long-term strategies and investments. We remain enthusiastic about the Foot Locker integration and the value it will provide—especially with the combination expected to close imminently.”

Analyst and Market Reaction

With shares up over 20% in recent weeks, DICK’S continues to win market share by focusing on customer experience, premium, experiential stores, and a leading digital footprint. StockTitan’s Q2 summary and AInvest’s report provide context on financial results and market impact.

Risks and Forward-Looking Statements

Detailed risk factors and forward-looking statements regarding acquisitions, integration, and industry headwinds are available in SEC filings. For regulatory updates and merger documentation, access SEC Filings.