PITTSBURGH (BRAIN) — Helped by its acquisition of Foot Locker last year, Dick's Sporting Goods' net sales increased 63% year-over-year in the first quarter.
For the period ending May 2, Dick's net sales were $5.2 billion, compared with $3.2 billion at the same time last year. Net sales at Dick's Sporting Goods stores increased 6.2%, from $3.2 billion to $3.4 billion year-over-year. For the quarter, Foot Locker net sales were $1.8 billion.
"In Q1, we delivered comp sales growth of 6% in the Dick's business, with growth in average ticket and transactions, and broad-based strength across footwear, apparel, and hardlines," said Lauren Hobart, president and CEO. "These strong comps were on top of a 4.5% increase last year and a 5.3% increase in 2024, as we continued to gain market share. Given our continued confidence in the Dick's business, we are raising our full-year expectations for comp sales growth and profitability."
The low end of full-year 2026 guidance for comparable sales growth is being raised for the Dick's and Foot Locker businesses: Dick's is now 2.5% to 4.0%, up from 2.0% to 4.0%, and Foot Locker is now 1.5% to 3.0%, up from 1.0% to 3.0%.
Net income for the quarter was $320 million, up 56% from $264 million at the same time last year. Earnings per share increased 9%, from $3.24 to $3.54.
Dick's Sporting Goods is traded on the New York Stock Exchange under the DKS symbol. More information: DKS stock quote at NYSE.com.
