Dick's Sporting Goods Posts 5% Sales Gain, Foot Locker Acquisition Closing September

Dick's Sporting Goods reported a strong second quarter in 2025, with net sales increasing 5% year-over-year to $3.65 billion and net income rising to $381 million, or $4.71 earnings per diluted share. Comparable store sales grew 5%, driven by higher average ticket size and transaction volume, which also expanded gross margins. The company raised its full-year comparable sales growth guidance to 2%–3.5% and increased its earnings per share forecast to a range of $13.90 to $14.50, reflecting confidence in its strategic execution. Dick's is on track to complete its $2.4 billion acquisition of Foot Locker by September 8, 2025, having secured both shareholder and regulatory approvals. The retailer continues to invest in its omni-channel strategy, exclusive brands, and store expansion, including new House of Sport and Field House locations. Executive leadership highlighted the acquisition's strategic benefits and the company’s ongoing operational strength as key drivers of its positive outlook.