Q2 2026 DICK'S Sporting Goods, Inc. Earnings Call Transcript
Key Points
- DICK'S business delivered a strong 4.9% comp sales gain, outpacing the broader industry by nearly 200 basis points.
- Gross margin expanded 79 basis points for the DICK'S business, driven by growth in DICK'S Media Network and GameChanger.
- The company continues to gain market share and sees strength in categories like Team Sports, license, running, and outdoor.
- House of Sport and Field House concepts are performing extremely well, with plans to open approximately 14 and 20 locations, respectively, this year.
- The relaunched ScoreCard loyalty program, including a new paid tier, is expected to drive higher engagement and purchase frequency.
- Consolidated non-GAAP EPS declined to $3.53 from $4.38 in the prior year, reflecting margin pressures and Foot Locker losses.
- Foot Locker's pro forma comps declined 3.6%, with significant impact from fewer launches and weaker consumer response to key launches.
- The promotional environment, particularly in athletic footwear and apparel, is expected to persist through at least the fourth quarter, pressuring margins.
- Foot Locker's EMEA business is more challenging than expected, with aggressive promotions and cautious consumer spending due to geopolitical issues.
- The company lowered its full-year EPS guidance to $11-$12 from $13.50-$14.50, citing marketplace pressures and higher costs.
Hello, everyone. Thank you for joining us and welcome to the DICK'S Sporting Goods, Incorporated second-quarter 2026 earnings call. (Operator Instructions)
I will now hand the conference over to Nate Gilch, Vice President of Investor Relations. Please go ahead.
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Good morning, everyone, and thank you for joining us to discuss our second-quarter 2026 results. On today's call will be Ed Stack, our Executive Chairman; Lauren Hobart, our President and Chief Executive Officer; and Navdeep Gupta, our Chief Financial Officer. A playback of today's call will be archived on our Investor Relations website located at investors.dicks.com for approximately 12 months.
As a reminder, we will be making forward-looking statements, which are subject to various risks and uncertainties that could cause our actual results to differ materially from these statements. Any such statements should be considered in conjunction with cautionary statements in our
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