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Earnings Calls

Last Earnings Call

Fiscal Period
Q2 2027
Call Date
Aug 25, 2026
AI Summary
Q2 2027

Sales: DICK’S delivered a 4.9% comparable-sales increase and 5.6% total sales growth, with broad-based gains across footwear, apparel and hardlines; sales expectations were maintained.

Margins: A more promotional athletic footwear and apparel market pressured profitability, especially at Foot Locker, as the company chose to match market pricing to protect share.

Foot Locker: Foot Locker’s pro forma comparable sales fell 3.6%, with weaker launches, legacy footwear exposure and particularly difficult EMEA conditions weighing on results.

Guidance: Full-year consolidated earnings guidance was reduced to $11-$12 per diluted share from $13.50-$14.50, while DICK’S sales guidance was unchanged and margin expectations were lowered.

Investments: Management is continuing to invest in Foot Locker marketing, store labor, Fast Break stores, House of Sport, Field House, GameChanger and DICK’S Media Network despite near-term pressure.

Market outlook: Management described the weakness as a temporary industry reset centered on legacy lifestyle footwear and apparel, while performance running, newer products and select brands remain strong.

Key Financials
Consolidated net sales
$5.59 billion
DICK’S comparable sales
4.9%
DICK’S total sales growth
5.6%
DICK’S average ticket
3.6%
DICK’S transactions
1.3%
Foot Locker pro forma comparable sales
-3.6%
Consolidated gross margin
34.06%
DICK’S gross margin
Not specified
Consolidated operating income
$453.3 million
Consolidated operating margin
8.11%
DICK’S operating income
$485.2 million
Foot Locker operating income
-$31.9 million
Consolidated earnings per diluted share
$3.50
Income tax rate
28.1%
Cash and cash equivalents
Approximately $914 million
Inventory
$5.57 billion
DICK’S inventory
Not specified
Net capital expenditures
$325 million
Dividends paid
$111 million
Tariff refunds
Approximately $59 million
Foot Locker cost synergies
$100 million to $125 million
Foot Locker acquisition-related charges
Approximately $200 million
Fast Break stores
Approximately 250 stores surpassed for the back-to-school goal
House of Sport openings
5 locations opened in Q2
Field House openings
8 locations opened in Q2
ScoreCard active athletes
Approximately 30 million
ScoreCard+ membership fee
$99 per year
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