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Dick’s Sporting Goods
said Thursday it saw a better-than-expected holiday quarter, but the retailer issued weak profit guidance for the year ahead as its acquisition of Foot Locker continues to weigh on its bottom line.
The company is expecting fiscal 2026 adjusted earnings per share to be between $13.50 and $14.50, weaker than the $14.67 analysts had expected, according to LSEG.
Dick’s said it expects Foot Locker to get back to both profit and sales growth during the year, but it’s still doing the costly work of clearing through stale inventory and closing unproductive stores that it acquired during the merger last year.
