TLDR
- DKS dropped 13% in premarket trading after missing Q2 earnings and revenue estimates
- Adjusted EPS came in at $3.53, below the $3.76-$3.78 analyst consensus
- Net sales of $5.59 billion missed estimates, though revenue was up 53% year-over-year
- Full-year EPS guidance cut to $11.00-$12.00, well below Wall Street’s $14.28 forecast
- Foot Locker business was a drag, with proforma comparable sales down 3.6%
Dick’s Sporting Goods (DKS) fell 13% to $157.45 in premarket trading Tuesday after the company missed second-quarter estimates and cut its full-year earnings outlook by a wide margin.
DICK’S Sporting Goods, Inc., DKS
Adjusted EPS came in at $3.53, down from $4.38 a year ago and below the Wall Street consensus of around $3.76 to $3.78. Net sales grew 53% year-over-year to $5.59 billion, but still missed the $5.64-$5.65 billion estimate.
The year-over-year revenue jump was largely driven by the Foot Locker acquisition completed in September 2025, not organic growth.
DICK'S SPORTING GOODS $DKS EARNINGS ARE OUT!
🔴 EPS: $3.53 | Est. $3.76
🔴 REV: $5.59B | Est. $5.64B
IMPLIED MOVE TODAY: ±10.74%!! pic.twitter.com/zzRTu1aKtl— Schaeffer's Investment Research (@schaeffers) August 25, 2026
Overall same-store sales rose 2.1%, falling short of Wall Street’s 4% expectation. The Dick’s Sporting Goods business posted 4.9% comparable sales growth, slowing from 6% in Q1.
Foot Locker was the weak spot. Proforma comparable sales for that business fell 3.6% in the quarter.
Executive Chairman Ed Stack pointed to a more promotional environment in athletic footwear and apparel as conditions became tougher as the quarter progressed.
Stack said the Foot Locker business was hit harder due to its heavier reliance on legacy footwear styles and launch or retro product, which faced more pricing pressure.
Full-Year Guidance Takes a Hit
The company slashed its full-year adjusted EPS guidance to a range of $11.00 to $12.00. That midpoint of $11.50 is roughly 19% below the prior analyst consensus of $14.20 to $14.28.
Revenue guidance was set at $21.9 billion to $22.2 billion, with the midpoint of $22.05 billion coming in below the $22.35 billion consensus.
Dick’s also lowered its Foot Locker business proforma comparable sales outlook to a range of -2.0% to 0.0%, while keeping its Dick’s business outlook at 2.5% to 4.0% growth.
Operating Income Pressure
Second-quarter adjusted operating income came in at 8.1% of net sales, down sharply from 13.0% in the same period last year.
The company said results were affected by the dilutive impact of 9.6 million new shares issued as part of the Foot Locker deal.
Operating income guidance was also cut for both the Dick’s and Foot Locker businesses.
DKS was already down 9.4% year-to-date heading into Tuesday, underperforming the S&P 500 in 2026.
The stock ended Monday down 2.1% before the premarket selloff pushed it further into the red.
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