Dick’s Sporting Goods maintains full year outlook as Q1 earnings top estimates
Published: 12:05 28 May 2025 EDT
Dick's Sporting Goods (NYSE:DKS) shares moved higher after the sporting goods retailer reported record first quarter sales and reaffirmed its full year outlook amid broader macro uncertainty.
Revenue for the quarter ended May 3 was up 5.2% year-over-year at $3.17 billion, ahead of Wall Street estimates of $3.12 billion. Comparable sales were up 4.5%.
Earnings per share (EPS) of $3.37 were also ahead of the consensus of $3.20.
For 2025, the company continues to expect revenue in the range of $13.6 billion and $13.9 billion and EPS between $13.80 and $14.40.
“We are reaffirming our 2025 outlook, which reflects our strong start to the year and confidence in our strategies and operational strength while still acknowledging the dynamic macroeconomic environment,” Dick’s CEO Lauren Hobart said in a statement.
Ed Stack, Dick’s Sporting Goods executive chairman, highlighted the company’s plan to acquire athletic footwear retailer Foot Locker, describing it as “a truly exciting and transformational moment.”
“For many years we've admired Foot Locker's brand and the powerful community they've built in sneaker culture. By bringing our two great brands together, we see the opportunity to create a global leader in the sports retail industry by serving a broader set of athletes,” Stack said.
Shares of Dick’s Sporting Goods added 2.2% at about $178 late morning on Wednesday.
