NYSE$DKS

Dicks Sporting Goods Inc · Q3 2025 earnings

Q3 2025 earnings · · Before market open · Investor relations

Briefing

Dick's delivered strong Q3 results and raised its FY2025 guidance for its core business

Dick's Sporting Goods reported strong Q3 FY25 performance, highlighted by solid sales growth and margin expansion in its core business. The company also completed its acquisition of Foot Locker and raised its full-year outlook.

  • DICK'S Business comparable sales increased by 5.7%
  • Non-GAAP EPS for DICK'S Business came in at $2.78
  • Completed acquisition of Foot Locker to expand global footprint
  • Raised FY2025 outlook for comp sales and EPS for the DICK'S Business

Headline financials

Total Revenue

$4.17B

Previous: $3.06B+36.3%
EPS (adj)

$2.78

Previous: $2.75+1.1%
GAAP EBT Margin

2.5%

No prior period
Non-GAAP EBT Margin

5.6%

No prior period
Total Sq. Footage

45.7M

No prior period
DICK'S Comp Sales

5.7%

No prior period
Capital Expenditures

-$793M

Previous: -$566M-40.3%
Free Cash Flow

-$718M

Previous: -$338M-112.6%
Net Income

$75.2M

Previous: $228M-67.0%
Operating Income

$93.1M

Previous: $286M-67.5%
Gross Profit

$1.38B

Previous: $1.09B+26.3%
Cash & Equivalents

$821M

Previous: $1.46B-43.7%
Total Assets

$17.4B

Previous: $10.5B+66.7%

Revenue & EPS history

Dick's · Revenue · Quarterly

$4.17B

Q3 2025+36.3%vs Q3 2024
Beat estimate in 12 of 14 quarters(86%)
ActualEstimate

Revenue by segment

Dick's · $5.16B total across 2 segments · Q1 2027

  • DICK'S Sporting Goods
    $3.38B
  • Foot Locker
    $1.79B

Forward guidance

Dick's raised its full-year FY2025 outlook for its core business, driven by strong Q3 performance and continued momentum.

Tailwinds

  • Raised FY25 comp sales guidance to 3.5%-4.0%
  • Raised FY25 EPS guidance to $14.25-$14.55 for DICK'S Business
  • Continued gross margin expansion in core business
  • Strong execution and vendor partnerships cited
  • Integration of Foot Locker expected to position company for long-term growth

Headwinds

  • Foot Locker Q4 expected to post negative operating profit
  • One-time pre-tax charges of $500-$750M expected from merger/integration
  • Consolidated gross margin pressure due to inventory cleanup at Foot Locker
  • Store closures and asset reviews to weigh on short-term profitability
  • Elevated inventory levels following Foot Locker acquisition

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

+0.5%

Avg return

Earnings day

+1.5%

Avg return

5 days after

+2.5%

Avg return

30 days after

51%

33 / 65 earnings

Positive

+20.1%

Q1 2018

Best reaction

-24.4%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2027
Q4 2025+1.0%-2.5%+8.7%
Q3 2025+0.1%+0.1%+1.9%
Q2 2025-4.9%-7.4%+1.0%
Q1 2025+1.8%+1.3%+16.4%
Q1 2026-2.4%-1.2%-6.6%
Q4 2024-5.7%-7.8%-10.0%
Q3 2024-0.7%-3.7%+9.2%
Q2 2024-7.4%-10.6%-7.4%
Q1 2024+15.0%+14.0%+10.2%
Q4 2023+12.6%+14.5%+8.2%
Q3 2023+2.3%+3.6%+23.4%
Q2 2023-24.4%-24.1%-24.7%
Q1 2023-2.0%-0.8%+7.2%
Q4 2022+13.3%+10.7%+4.4%
Q3 2022+11.3%+13.8%+1.8%
Q2 2022-2.1%-3.3%-3.5%
Q1 2022+18.7%+18.9%+18.5%
Q4 2021+9.4%+8.2%+0.8%
Q3 2021-9.3%-8.4%-25.9%
Q2 2021+18.0%+24.1%+14.8%
Q1 2021+17.3%+15.9%+20.2%
Q4 2020-6.7%-1.4%+6.8%
Q3 2020+2.1%+1.2%-5.5%
Q2 2020+13.6%+16.0%+19.8%
Q1 2020+0.8%+5.4%+11.8%
Q4 2019-11.4%-21.9%-20.0%
Q3 2019+16.4%+16.2%+20.9%
Q2 2019-1.8%+2.7%+14.7%
Q1 2019-4.3%-0.3%-3.2%
Q4 2018-7.9%-12.4%+4.6%
Q3 2018-2.2%+2.7%-14.2%
Q2 2018-0.5%+2.9%-2.5%
Q1 2018+20.1%+20.0%+15.6%
Q4 2017+6.2%+7.2%+6.8%
Q3 2017+2.1%+9.4%+10.9%
Q2 2017-20.7%-22.7%-21.7%
Q1 2017-12.2%-14.2%-14.5%
Q4 2016-6.9%-7.2%-5.6%
Q3 2016-5.1%-4.7%-4.5%
Q2 2016+5.0%+7.2%+10.0%
Q1 2016+14.1%
Q4 2015+2.6%
Q3 2015-9.0%
Q2 2015+5.3%
Q1 2015-4.8%
Q4 2014+1.0%
Q3 2014+2.0%
Q2 2014+3.5%
Q1 2014-19.4%
Q4 2013+5.3%
Q3 2013-2.6%
Q2 2013-8.5%
Q1 2013-0.3%
Q4 2012-6.5%
Q3 2012+2.1%
Q2 2012-1.4%
Q1 2010-2.5%
Q1 2012-2.5%
Q4 2009+2.2%
Q2 2011+2.2%
Q4 2011+2.2%
Q3 2010+1.4%
Q3 2011+1.4%
Q2 2010-0.6%
Q4 2010-0.6%

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