Stephanie Link, CIO at Hightower, joins CNBC's "Halftime Report" to detail why she's adding to Dick's Sporting Goods
DICK'S Sporting posts strong Q3 results and lifts its full-year outlook as momentum builds and the Foot Locker deal reshapes its growth path.
Dick's Sporting Goods (NYSE: DKS) announced it will close select Foot Locker stores and raised its full-year outlook in its third-quarter earnings report on Tuesday.
Dick's Sporting Goods plans to close underperforming Foot Locker stores following its $2.4 billion acquisition to boost profitability and growth.
Foot Locker's new owner is doing some straightening up in the sneaker aisle.
DICK'S Sporting Goods, Inc. ( DKS ) Q3 2026 Earnings Call November 25, 2025 8:00 AM EST Company Participants Nathaniel Gilch - Vice President of Investor Relations Edward Stack - Executive Chairman Lauren Hobart - President, CEO & Director Navdeep Gupta - Executive VP & CFO Conference Call Participants Robert Ohmes - BofA Securities, Research Division Simeon Gutman - Morgan Stanley, Research Division Katharine McShane - Goldman Sachs Group, Inc., Research Division Adrienne Yih-Tennant - Barclays Bank PLC, Research Division Michael Lasser - UBS Investment Bank, Research Division Michael Baker - D.A. Davidson & Co., Research Division Jolie Wasserman - JPMorgan Chase & Co, Research Division Paul Lejuez - Citigroup Inc., Research Division Cristina Fernandez - Telsey Advisory Group LLC Steven Forbes - Guggenheim Securities, LLC, Research Division Presentation Operator Ladies and gentlemen, thank you for standing by.
Dick's Sporting Goods said it would record up $750 million in charges as a part of a restructuring.
DICK'S Sporting Goods, Inc. faces headwinds after its controversial Foot Locker acquisition, which has diluted earnings and added significant integration costs. FL's underperformance, especially overseas, and expected pre-tax charges of $500-$750 million raise doubts about the deal's value and future profitability. Core DKS business remains solid, with strong same-store sales growth, resilient margins, and a secure dividend, but FL's drag overshadows these positives.
Dick's Sporting Goods said it plans to close several underperforming Foot Locker locations. Chairman Ed Stack said the move is part of an effort to "clean out the garage.
Although the revenue and EPS for Dick's (DKS) give a sense of how its business performed in the quarter ended October 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Dick's Sporting Goods (NYSE:DKS) saw its shares drop more than 3% after it posted an earnings miss for the third quarter, despite raising its full-year guidance. The company reported Q3 revenue of $4.17 billion, up 36.3% year-over-year, but falling short of Wall Street expectations of roughly $4.64 billion.
Dick's Sporting Goods (DKS) came out with quarterly earnings of $2.78 per share, beating the Zacks Consensus Estimate of $2.62 per share. This compares to earnings of $2.75 per share a year ago.