Dick's Sporting Goods Cuts Full-Year Forecast, Shares Fall
Dick’s Sporting Goods trimmed its full-year forecast amid a cautious consumer environment and weaker demand for athletic footwear and athletic apparel. The company now sees annual sales of about $21.9 billion to $22.2 billion and earnings per share of roughly $10.94 to $11.94, down from prior guidance, as launches underperformed and promotions intensified. In the second quarter, adjusted EPS came in at $3.53 on revenue of $5.59 billion, missing expectations, with pro forma sales for the Foot Locker integration contributing to softer results. Management attributed the softer conditions to promotional pricing and ongoing macro headwinds, and it adjusted full-year 2026 guidance to around $11.00 to $12.00 in adjusted EPS, below consensus expectations. The Foot Locker acquisition remains a significant factor, with mixed performance between Dick’s core business and the Foot Locker segment influencing revised outlooks for both.
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