- DICK'S Sporting Goods (DKS, Financial) reports record Q1 2025 sales of $3.175 billion, a 5.2% increase year-over-year.
- Comparable sales grew by 4.5%, marking the fifth consecutive quarter with comps over 4%.
- Announced acquisition of Foot Locker for approximately $2.4 billion.
DICK'S Sporting Goods, Inc. (DKS) announced impressive financial results for the first quarter of 2025, reporting record-breaking sales totaling $3.175 billion. This marks a 5.2% increase compared to the previous year. The company achieved a comparable sales growth of 4.5%, continuing its trend of strong performance with the fifth consecutive quarter of comps exceeding 4%.
Key financial metrics for the quarter showed non-GAAP earnings per share reaching $3.37, an improvement from $3.30 in the prior year. The company's Earnings Before Taxes (EBT) margin was 11.0%, with a non-GAAP EBT margin of 11.4%. A quarterly dividend of $1.2125 per share was declared, highlighting DICK'S ongoing commitment to returning value to shareholders.
In a significant strategic move, DICK'S announced plans to acquire Foot Locker for approximately $2.4 billion. Under the terms of the agreement, Foot Locker shareholders can opt to receive either $24.00 in cash or 0.1168 shares of DICK'S stock per Foot Locker share. This acquisition, subject to shareholder and regulatory approvals, is anticipated to close in the second half of 2025, aiming to create a global leader in the sports retail market.
DICK'S has reaffirmed its outlook for 2025, expecting net sales to be between $13.6 billion and $13.9 billion, with comparable sales growth ranging from 1.0% to 3.0%. The projected earnings per share is set between $13.80 and $14.40, excluding the impact of the acquisition.
