By Mackenzie Tatananni

Dick's Sporting Goods narrowly cleared the bar for the first quarter but a cut in its full-year earnings outlook and cautious guidance sent shares sliding Wednesday.

The Pennsylvania-based retailer posted first-quarter adjusted earnings of $2.90 a share, a touch above analysts' calls for $2.89. Sales climbed to $5.16 billion from $3.18 billion last year and edged past the $5.07 billion Wall Street had forecast.

However, guidance was mixed. Although the company raised the low end of its full-year comparable sales outlook for both the Dick's and Foot Locker franchises, Dick's now sees earnings of $13.27 to $14.27 a share, compared with a prior range of $13.70 to $14.70.

The sporting goods retailer continues to anticipate adjusted earnings of $13.50 to $14.50 a share, below analysts' calls for $14.30 at the midpoint of the range. Dick's also forecast net sales of $22.1 billion to $22.4 billion, below calls for $22.3 billion at the midpoint of the range.

Shares slid 2.6% in premarket trading Wednesday. Futures tracking the benchmark S&P 500 were up 0.3%.

Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com

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May 27, 2026 07:36 ET (11:36 GMT)

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