Dick's Sporting Goods — Nov 24, 2025 release

Reports Third Quarter Results; Raises 2025 Outlook for the DICK'S Business – Delivers 5.7% Comp Sales Growth for the DICK'S Business (A) – – Raises FY 2025 Guidance (B) for Comp Sales Growth and EPS for the DICK'S Business (C) – – Completed Acquisition of Foot Locker to Become a Global Leader in the Sports Retail Industry – ● Delivered earnings per diluted share of $0.86 and non-GAAP earnings per diluted share of $2.07; Delivered non-GAAP earnings per diluted share for the DICK'S Business of $2.78 compared to GAAP and non-GAAP earnings per diluted share of $2.75 during the prior year quarter ● Opened 13 new House of Sport locations and 6 new DICK'S Field House locations during the third quarter ● Raises full year 2025 guidance for comparable sales growth for the DICK'S Business to a range of 3.5% to 4.0%, up from 2.0% to 3.5% previously ● Raises full year 2025 earnings per diluted share guidance for the DICK'S Business to a range of $14.25 to 14.55, up from $13.90 to 14.50 previously ● Completed acquisition of Foot Locker to become a global leader in the sports retail industry, assembled a world-class management team and initiated a review of unproductive assets, which along with merger and integration costs, is expected to result in future pre-tax charges of $500 to 750 million "We delivered another strong quarter with DICK'S Business comps of 5.7%, and we continue to operate from a position of strength. We are incredibly excited about our acquisition of Foot Locker, which marks a bold and transformative step that expands our reach and creates a global platform at the intersection of sport and culture. At Foot Locker, we’ve assembled a world-class management team and are taking decisive actions to “clean out the garage” by clearing unproductive inventory, closing underperforming stores and laying the foundation for a fresh start in 2026. These steps, combined with our operational expertise, strong vendor relationships and the passion of our new team members including the Stripers and Blue Shirts, will position the Foot Locker Business for profitable growth. Together, we are building a stronger and more dynamic company for the long term." Ed Stack, Executive Chairman "The effectiveness of our long-term strategies and the best-in-class execution by our team are driving outstanding results for our DICK’S Business. In the third quarter, the DICK'S Business comps grew 5.7% driven by increases in both average ticket and transactions, and we were pleased to del