Dick’s Sporting Goods (NYSE: DKS) reported fourth-quarter results that surpassed analyst expectations and provided fiscal 2026 guidance above Wall Street forecasts.
Adjusted earnings per share were $3.45, exceeding the consensus estimate of $3.03 by $0.42. Revenue totaled $6.23 billion, surpassing the $6.08 billion forecast and representing a 59.9% increase from $3.89 billion in the prior-year quarter. The jump was driven largely by the acquisition of Foot Locker.
Within the Dick’s core business, comparable sales rose 3.1% during the quarter.
The company forecast fiscal 2026 adjusted earnings per share between $13.50 and $14.50, compared with the analyst consensus estimate of $12.77. The midpoint of $14.00 represents a 9.6% premium to expectations.
Revenue for fiscal 2026 is expected to range from $22.1 billion to $22.4 billion. The midpoint of $22.25 billion is about 2.1% above the consensus estimate of $21.8 billion. Shares rose 3.8% following the announcement.
For fiscal 2025, the Dick’s business recorded comparable sales growth of 4.5% and adjusted earnings per share of $14.58, up from $14.05 in the previous year.
The company opened 16 House of Sport locations and 15 Dick’s Field House stores during 2025 and plans to launch about 14 additional House of Sport and 22 Dick’s Field House locations in 2026.
The board approved a 3% dividend increase to an annualized payout of $5.00 per share. Dick’s expects comparable sales growth of 2.0% to 4.0% in fiscal 2026 for its core business and pro forma comparable sales growth of 1.0% to 3.0% for the Foot Locker segment.
