Dick's Sporting Goods Reports 4.5% Sales Growth and EPS of $3.24, Adjusted EPS of $3.37 in Q1 2025
Reuters
May 15, 2025
Dick's Sporting Goods Reports 4.5% Sales Growth and EPS of $3.24, Adjusted EPS of $3.37 in Q1 2025
DICK'S Sporting Goods Inc. has reported preliminary financial results for the first quarter ending May 3, 2025. The company saw a comparable sales growth of 4.5%. Earnings per diluted share were reported at $3.24, with non-GAAP earnings per diluted share at $3.37. These figures are based on preliminary results and are subject to revision upon finalization of the company's financial statements for the quarter. In addition to reporting financial results, DICK'S Sporting Goods announced a definitive merger agreement to acquire Foot Locker. The transaction implies an equity value of approximately $2.4 billion and an enterprise value of approximately $2.5 billion. Foot Locker shareholders have the option to receive either $24.00 in cash or 0.1168 shares of DICK'S common stock for each share of Foot Locker common stock. The acquisition is expected to close in the second half of 2025, pending Foot Locker shareholder approval and other customary conditions.
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