Dick’s Sporting Goods reported second-quarter earnings that missed Wall Street expectations and lowered its financial outlook for the year, driven by a challenging athletic footwear and apparel marketplace, according to financial disclosures released on August 25, 2026. The retailer posted adjusted earnings per share of $3.53 on revenue of $5.59 billion, falling short of analyst estimates compiled by LSEG.
Dick’s Q2 Earnings Miss Wall Street Estimates
For the period ending August 1, 2026, Dick’s reported net income of $315 million, or $3.50 per share, down from $381 million, or $4.71 per share, during the same period a year prior, according to company data. Adjusting for one-time items, including its $2.4 billion acquisition of Foot Locker in 2025, the company reported $3.53 per share, missing the $3.76 consensus estimate surveyed by LSEG. Total revenue rose to $5.59 billion, compared with $3.65 billion in the previous year’s period, but missed the expected $5.65 billion.
Did you know? Dick’s Sporting Goods completed its $2.4 billion acquisition of Foot Locker in 2025 to expand its international presence and better position itself against competitors, according to CNBC reporting.
Foot Locker Integration Faces Headwinds and Lowered Guidance
While the core Dick’s business delivered 4.9% comparable sales growth—fueled by broad-based category gains and strong results from the 2026 FIFA World Cup—the Foot Locker segment struggled. According to corporate filings, proforma comparable sales for the Foot Locker business declined by 3.6% due to difficult conditions in the athletic footwear market. Executive Chairman Ed Stack noted that Foot Locker experienced greater exposure to legacy footwear silhouettes and a heavy dependence on footwear launches that underperformed expectations.
| Metric | Reported Result | Wall Street Expectation |
|---|---|---|
| Adjusted EPS | $3.53 | $3.76 |
| Revenue | $5.59 billion | $5.65 billion |
Full-Year 2026 Financial Outlook Revised Cautiously
Reflecting increased promotional activity across the athletic footwear and apparel sector, management revised its full-year 2026 guidance downward. According to company statements, Dick’s lowered its overall net sales outlook to a range between $21.9 billion and $22.2 billion, down from its previous forecast of $22.1 billion to $22.4 billion. Consolidated operating income expectations were also reduced to a range of $1.45 billion to $1.55 billion, falling from an earlier estimate of $1.69 billion to $1.81 billion.
President and Chief Executive Officer Lauren Hobart stated that while the company maintains a cautious view for the balance of the year, leadership remains highly confident in the long-term opportunities ahead for both the core Dick’s business and Foot Locker. The company maintained its comparable sales growth outlook for the Dick’s business at 2.5% to 4%, while lowering the Foot Locker business proforma comparable sales outlook to a range of negative 2.0% to flat.
Frequently Asked Questions
Why did Dick’s Sporting Goods miss second-quarter expectations?
How much did Dick’s acquire Foot Locker for?
Dick’s acquired Foot Locker for $2.4 billion in 2025, according to CNBC reporting.
What were the financial results for Dick’s in Q2?
Dick’s reported adjusted earnings per share of $3.53 on revenue of $5.59 billion for the quarter ended August 1, 2026, missing analyst estimates of $3.76 per share and $5.65 billion in revenue, according to LSEG survey data.
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