{"id":16685,"date":"2025-09-02T14:10:58","date_gmt":"2025-09-02T20:10:58","guid":{"rendered":"https:\/\/footwearmagazine.com\/?p=16685"},"modified":"2025-09-02T14:10:58","modified_gmt":"2025-09-02T20:10:58","slug":"foot-locker-q2-2025-dicks-merger","status":"publish","type":"post","link":"https:\/\/footwearmagazine.com\/?p=16685","title":{"rendered":"Foot Locker Posts Mixed Q2 2025 Results Ahead of DICK\u2019S Sporting Goods Merger"},"content":{"rendered":"<p class=\"my-2 [&#038;+p]:mt-4 [&#038;_strong:has(+br)]:inline-block [&#038;_strong:has(+br)]:pb-2\"><a class=\"break-word hover:text-super hover:decoration-super underline decoration-from-font underline-offset-1 transition-all duration-300\" href=\"https:\/\/www.footlocker.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Foot Locker<\/a>, a leading global retailer in athletic footwear and apparel, released its second quarter 2025 financials as it prepares for a major transition following its pending acquisition by&nbsp;<a class=\"break-word hover:text-super hover:decoration-super underline decoration-from-font underline-offset-1 transition-all duration-300\" href=\"https:\/\/www.dickssportinggoods.com\/\" target=\"_blank\" rel=\"nofollow noopener\">DICK\u2019S Sporting Goods<\/a>.<\/p>\n<h3 class=\"mb-2 mt-4 font-display font-semimedium text-base first:mt-0\">Headlines from Q2 2025<\/h3>\n<ul class=\"marker:text-quiet list-disc\">\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&#038;>p]:pt-0 [&#038;>p]:mb-2 [&#038;>p]:my-0&#8243;>\n<p class=\"my-2 [&#038;+p]:mt-4 [&#038;_strong:has(+br)]:inline-block [&#038;_strong:has(+br)]:pb-2\"><strong>Total sales:<\/strong>&nbsp;Decreased 2.4% year-over-year to $1,851 million, from $1,896 million in Q2 2024 (<a class=\"break-word hover:text-super hover:decoration-super underline decoration-from-font underline-offset-1 transition-all duration-300\" href=\"https:\/\/www.nasdaq.com\/articles\/foot-locker-reports-24-q2-revenue-drop\" target=\"_blank\" rel=\"nofollow noopener\">constant currencies down 3.7%<\/a>).<\/p>\n<\/li>\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&#038;>p]:pt-0 [&#038;>p]:mb-2 [&#038;>p]:my-0&#8243;>\n<p class=\"my-2 [&#038;+p]:mt-4 [&#038;_strong:has(+br)]:inline-block [&#038;_strong:has(+br)]:pb-2\"><strong>Comparable sales:<\/strong>&nbsp;Declined 2.0% globally, but North America comps rose 1.4%\u2014an improvement over Q1 and a positive sign for the US banners.<\/p>\n<\/li>\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&#038;>p]:pt-0 [&#038;>p]:mb-2 [&#038;>p]:my-0&#8243;>\n<p class=\"my-2 [&#038;+p]:mt-4 [&#038;_strong:has(+br)]:inline-block [&#038;_strong:has(+br)]:pb-2\"><strong>Brand highlight:<\/strong>&nbsp;<a class=\"break-word hover:text-super hover:decoration-super underline decoration-from-font underline-offset-1 transition-all duration-300\" href=\"https:\/\/www.champssports.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Champs Sports<\/a>&nbsp;achieved its fourth straight quarter of positive comp sales (+2.0%), while&nbsp;<a class=\"break-word hover:text-super hover:decoration-super underline decoration-from-font underline-offset-1 transition-all duration-300\" href=\"https:\/\/www.kidsfootlocker.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Kids Foot Locker<\/a>&nbsp;saw comps up 7.6%, and&nbsp;<a class=\"break-word hover:text-super hover:decoration-super underline decoration-from-font underline-offset-1 transition-all duration-300\" href=\"https:\/\/www.footlocker.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Foot Locker<\/a>&nbsp;stores grew 1.8%.<\/p>\n<\/li>\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&#038;>p]:pt-0 [&#038;>p]:mb-2 [&#038;>p]:my-0&#8243;>\n<p class=\"my-2 [&#038;+p]:mt-4 [&#038;_strong:has(+br)]:inline-block [&#038;_strong:has(+br)]:pb-2\"><strong>WSS<\/strong>&nbsp;experienced an 8.1% decline in comps, reflecting tougher international traffic trends (<a class=\"break-word hover:text-super hover:decoration-super underline decoration-from-font underline-offset-1 transition-all duration-300\" href=\"https:\/\/www.shopwss.com\/\" target=\"_blank\" rel=\"nofollow noopener\">store brand breakdown<\/a>).<\/p>\n<\/li>\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&#038;>p]:pt-0 [&#038;>p]:mb-2 [&#038;>p]:my-0&#8243;>\n<p class=\"my-2 [&#038;+p]:mt-4 [&#038;_strong:has(+br)]:inline-block [&#038;_strong:has(+br)]:pb-2\"><strong>International headwinds remained:<\/strong>&nbsp;EMEA (Europe, Middle East, Africa) comparable sales fell 11.4%; Asia Pacific declined 6.4%.<\/p>\n<\/li>\n<\/ul>\n<h3 class=\"mb-2 mt-4 font-display font-semimedium text-base first:mt-0\">CEO Statement &amp; Strategy<\/h3>\n<p class=\"my-2 [&#038;+p]:mt-4 [&#038;_strong:has(+br)]:inline-block [&#038;_strong:has(+br)]:pb-2\"><strong>Mary Dillon, CEO,<\/strong> <a href=\"https:\/\/www.prnewswire.com\/news-releases\/foot-locker-inc-reports-second-quarter-2025-financial-results-302539415.html\">said<\/a>:<\/p>\n<blockquote>\n<p class=\"my-2 [&#038;+p]:mt-4 [&#038;_strong:has(+br)]:inline-block [&#038;_strong:has(+br)]:pb-2\">\u201cIn the second quarter, we built sequential momentum and delivered positive North American comparable sales, led by our Foot Locker, Kids Foot Locker, and Champs Sports banners, including a good start to Back-to-School in July. At the same time, our results reflect a challenging operating environment and soft store traffic trends, particularly in our WSS and international businesses. Our team continued to execute our&nbsp;Lace Up Plan, elevating customer experience, deepening brand partnerships, modernizing through&nbsp;Refresh&nbsp;and&nbsp;Reimagined&nbsp;stores, enhancing digital platforms, and growing global engagement through&nbsp;<a class=\"break-word hover:text-super hover:decoration-super underline decoration-from-font underline-offset-1 transition-all duration-300\" href=\"https:\/\/www.footlocker.com\/flx\" target=\"_blank\" rel=\"nofollow noopener\">FLX Rewards<\/a>.\u201d<\/p>\n<\/blockquote>\n<h3 class=\"mb-2 mt-4 font-display font-semimedium text-base first:mt-0\">Profitability &amp; Margins<\/h3>\n<ul class=\"marker:text-quiet list-disc\">\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&#038;>p]:pt-0 [&#038;>p]:mb-2 [&#038;>p]:my-0&#8243;>\n<p class=\"my-2 [&#038;+p]:mt-4 [&#038;_strong:has(+br)]:inline-block [&#038;_strong:has(+br)]:pb-2\"><strong>Gross margin:<\/strong>&nbsp;Down 50 basis points year-over-year, mainly due to lower merchandise margin; occupancy costs flat.<\/p>\n<\/li>\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&#038;>p]:pt-0 [&#038;>p]:mb-2 [&#038;>p]:my-0&#8243;>\n<p class=\"my-2 [&#038;+p]:mt-4 [&#038;_strong:has(+br)]:inline-block [&#038;_strong:has(+br)]:pb-2\"><strong>SG&amp;A as % of sales:<\/strong>&nbsp;Increased by 20bps, as fixed costs became harder to absorb despite a 1.7% reduction in absolute SG&amp;A dollars due to cost control and tech investment.<\/p>\n<\/li>\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&#038;>p]:pt-0 [&#038;>p]:mb-2 [&#038;>p]:my-0&#8243;>\n<p class=\"my-2 [&#038;+p]:mt-4 [&#038;_strong:has(+br)]:inline-block [&#038;_strong:has(+br)]:pb-2\"><strong>GAAP net loss:<\/strong>&nbsp;$38 million ($0.39 per share) vs. $12 million ($0.13 per share) in Q2 2024.<\/p>\n<\/li>\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&#038;>p]:pt-0 [&#038;>p]:mb-2 [&#038;>p]:my-0&#8243;>\n<p class=\"my-2 [&#038;+p]:mt-4 [&#038;_strong:has(+br)]:inline-block [&#038;_strong:has(+br)]:pb-2\"><strong>Non-GAAP net loss:<\/strong>&nbsp;$27 million ($0.27 loss per share) vs. $4 million ($0.05 loss per share) a year ago.<\/p>\n<\/li>\n<\/ul>\n<h3 class=\"mb-2 mt-4 font-display font-semimedium text-base first:mt-0\">Store &amp; Digital Platform Update<\/h3>\n<ul class=\"marker:text-quiet list-disc\">\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&#038;>p]:pt-0 [&#038;>p]:mb-2 [&#038;>p]:my-0&#8243;>\n<p class=\"my-2 [&#038;+p]:mt-4 [&#038;_strong:has(+br)]:inline-block [&#038;_strong:has(+br)]:pb-2\"><strong>Stores:<\/strong>&nbsp;2,354 in 20 countries (as of August 2, 2025); 243 licensed stores in Middle East\/Europe\/Asia.<\/p>\n<\/li>\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&#038;>p]:pt-0 [&#038;>p]:mb-2 [&#038;>p]:my-0&#8243;>\n<p class=\"my-2 [&#038;+p]:mt-4 [&#038;_strong:has(+br)]:inline-block [&#038;_strong:has(+br)]:pb-2\"><strong>Openings\/Closings:<\/strong>&nbsp;Q2 saw 2 new store openings, 11 closures, 14 remodels\/relocations, and 52 \u201crefreshed\u201d to current design standards (including new&nbsp;<a class=\"break-word hover:text-super hover:decoration-super underline decoration-from-font underline-offset-1 transition-all duration-300\" href=\"https:\/\/www.champssports.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Champs Sports<\/a>&nbsp;Reimagined concept stores in Tampa and Portland).<\/p>\n<\/li>\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&#038;>p]:pt-0 [&#038;>p]:mb-2 [&#038;>p]:my-0&#8243;>\n<p class=\"my-2 [&#038;+p]:mt-4 [&#038;_strong:has(+br)]:inline-block [&#038;_strong:has(+br)]:pb-2\"><strong>Digital\/loyalty:<\/strong>&nbsp;Enhanced&nbsp;<a class=\"break-word hover:text-super hover:decoration-super underline decoration-from-font underline-offset-1 transition-all duration-300\" href=\"https:\/\/www.footlocker.com\/flx\" target=\"_blank\" rel=\"nofollow noopener\">FLX Rewards Program<\/a>&nbsp;launched in Europe, part of the ongoing omnichannel strategy.<\/p>\n<\/li>\n<\/ul>\n<h3 class=\"mb-2 mt-4 font-display font-semimedium text-base first:mt-0\">Inventory, Cash, and Financial Health<\/h3>\n<ul class=\"marker:text-quiet list-disc\">\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&#038;>p]:pt-0 [&#038;>p]:mb-2 [&#038;>p]:my-0&#8243;>\n<p class=\"my-2 [&#038;+p]:mt-4 [&#038;_strong:has(+br)]:inline-block [&#038;_strong:has(+br)]:pb-2\"><strong>Inventory:<\/strong>&nbsp;$1,709 million, up 3.7% YoY\u2014reflecting fall product pull-forwards and modest FX effects.<\/p>\n<\/li>\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&#038;>p]:pt-0 [&#038;>p]:mb-2 [&#038;>p]:my-0&#8243;>\n<p class=\"my-2 [&#038;+p]:mt-4 [&#038;_strong:has(+br)]:inline-block [&#038;_strong:has(+br)]:pb-2\"><strong>Cash\/equivalents:<\/strong>&nbsp;$299 million<\/p>\n<\/li>\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&#038;>p]:pt-0 [&#038;>p]:mb-2 [&#038;>p]:my-0&#8243;>\n<p class=\"my-2 [&#038;+p]:mt-4 [&#038;_strong:has(+br)]:inline-block [&#038;_strong:has(+br)]:pb-2\"><strong>Total debt:<\/strong>&nbsp;$444 million<\/p>\n<\/li>\n<\/ul>\n<h3 class=\"mb-2 mt-4 font-display font-semimedium text-base first:mt-0\">The DICK\u2019S Sporting Goods Acquisition: Final Steps<\/h3>\n<p class=\"my-2 [&#038;+p]:mt-4 [&#038;_strong:has(+br)]:inline-block [&#038;_strong:has(+br)]:pb-2\">Following&nbsp;<a class=\"break-word hover:text-super hover:decoration-super underline decoration-from-font underline-offset-1 transition-all duration-300\" href=\"https:\/\/www.prnewswire.com\/news-releases\/foot-locker-shareholders-approve-transaction-with-dicks-sporting-goods-302536939.html\" target=\"_blank\" rel=\"nofollow noopener\">shareholder approval (99% in favor)<\/a>&nbsp;and all&nbsp;<a class=\"break-word hover:text-super hover:decoration-super underline decoration-from-font underline-offset-1 transition-all duration-300\" href=\"https:\/\/www.cnbc.com\/2025\/05\/15\/dicks-sporting-goods-to-acquire-foot-locker-for-2point4-billion.html\" target=\"_blank\" rel=\"nofollow noopener\">regulatory clearances<\/a>, Foot Locker\u2019s $2.4 billion merger with DICK\u2019S is expected to close on September 8, 2025. The deal combines nearly 2,400 Foot Locker stores with DICK\u2019S 800-unit footprint, forming a $21 billion retail giant primed for scale with&nbsp;<a class=\"break-word hover:text-super hover:decoration-super underline decoration-from-font underline-offset-1 transition-all duration-300\" href=\"https:\/\/www.nike.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Nike<\/a>, improved vendor partnerships, and broader international reach.<\/p>\n<p class=\"my-2 [&#038;+p]:mt-4 [&#038;_strong:has(+br)]:inline-block [&#038;_strong:has(+br)]:pb-2\">Mary Dillon concluded:<\/p>\n<blockquote>\n<p class=\"my-2 [&#038;+p]:mt-4 [&#038;_strong:has(+br)]:inline-block [&#038;_strong:has(+br)]:pb-2\">\u201cWe are now one step closer to joining forces with DICK\u2019S and even better positioning the business to expand sneaker culture, elevate the omnichannel experience for customers and brand partners, and enhance our industry position.\u201d<\/p>\n<\/blockquote>\n<p class=\"my-2 [&#038;+p]:mt-4 [&#038;_strong:has(+br)]:inline-block [&#038;_strong:has(+br)]:pb-2\">Due to the pending merger, Foot Locker will not offer financial guidance or hold an investor call for this quarter.<\/p>\n<h3 class=\"mb-2 mt-4 font-display font-semimedium text-base first:mt-0\">For Investors and Media<\/h3>\n<p class=\"my-2 [&#038;+p]:mt-4 [&#038;_strong:has(+br)]:inline-block [&#038;_strong:has(+br)]:pb-2\">Full tables, including banner breakdowns, constant currency results, GAAP\/non-GAAP reconciliations, and store counts, are available in <a class=\"break-word hover:text-super hover:decoration-super underline decoration-from-font underline-offset-1 transition-all duration-300\" href=\"https:\/\/investors.footlocker-inc.com\/news-releases\/news-release-details\/foot-locker-inc-reports-second-quarter-2025-financial-results\" target=\"_blank\" rel=\"nofollow noopener\">the official release<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Foot Locker, a leading global retailer in athletic footwear and apparel, released its second quarter 2025 financials as&hellip;","protected":false},"author":219894228,"featured_media":16686,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","pad_hide_post_author":"","csco_display_header_overlay":false,"csco_singular_sidebar":"","csco_page_header_type":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1408,1,1450,1482],"tags":[4199,1822,1715,4454,4459,4460],"class_list":{"0":"post-16685","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"category-uncategorized","9":"category-retail","10":"category-shoes","11":"tag-dick","12":"tag-dicks-sporting-goods","13":"tag-foot-locker","14":"tag-foot-locker-q2-2025","15":"tag-q","16":"tag-q2","17":"cs-entry","18":"cs-video-wrap"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Foot Locker Posts Mixed Q2 2025 Results Ahead of DICK\u2019S Sporting Goods Merger<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/footwearmagazine.com\/?p=16685\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Foot Locker Posts Mixed Q2 2025 Results Ahead of DICK\u2019S Sporting Goods Merger\" \/>\n<meta property=\"og:description\" content=\"Foot Locker, a leading global retailer in athletic footwear and apparel, released its second quarter 2025 financials as&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/footwearmagazine.com\/?p=16685\" \/>\n<meta property=\"og:site_name\" content=\"Footwear Magazine\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/footwearmagazine\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-02T20:10:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/footwearmagazine.com\/wp-content\/uploads\/2025\/09\/footlocker1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1857\" \/>\n\t<meta property=\"og:image:height\" content=\"825\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Alyssa J. 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