Overview

• DICK'S Q3 revenue beats analyst expectations, adjusted EPS misses estimates

• Company raises FY 2025 guidance for comp sales growth and EPS for DICK'S Business

• Completed acquisition of Foot Locker to become a global leader in sports retail

Outlook

• Company raises FY 2025 comp sales growth guidance to 3.5%-4.0%

• DICK'S raises FY 2025 EPS guidance to $14.25-$14.55

• Company expects Q4 2025 Foot Locker gross margin to decline 1,000-1,500 bps

Result Drivers

• COMP SALES GROWTH - DICK'S Business comps grew 5.7% driven by increases in average ticket and transactions

• INVENTORY OPTIMIZATION - Strategic actions to optimize Foot Locker's inventory and close underperforming stores

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 14 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the miscellaneous specialty retailers peer group is "buy"

• Wall Street's median 12-month price target for DICK'S Sporting Goods Inc is $245.50, about 16% above its November 24 closing price of $206.31

• The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release: ID:nPn5NvZyta

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)