Dick's Sporting Goods — Nov 24, 2025 release

Please see the section of this document titled "Non-GAAP Financial Measures" for more information. DICK'S Business: Full Year 2025 Outlook Metric DICK'S Business: Full Year 2025 Outlook Earnings per diluted share (1) ● $14.25 to 14.55 ○ Based on approximately 81 million diluted shares outstanding ○ Based on an effective tax rate of approximately 24% ○ Includes the expected impact from all tariffs currently in effect Net sales ● $13.95 billion to 14.0 billion Comparable sales ● Positive 3.5% to positive 4.0% Capital expenditures ● Approximately $1.2 billion on a gross basis ● Approximately $1.0 billion on a net basis (1) Weighted average diluted shares outstanding and earnings per diluted share for the DICK'S Business excludes the dilutive effect of the 9.6 million shares issued as part of the Foot Locker acquisition. Foot Locker Business: Q4 2025 Commentary & Outlook The Company is taking strategic actions to address unproductive assets, including the optimization of inventory and the closure of underperforming stores. The Company believes these actions will lay the groundwork for the success of the Foot Locker Business starting in 2026. As a result of the actions to optimize the inventory, the Company believes that Q4 2025 gross margin for the Foot Locker Business will be down between 1,000 to 1,500 basis points as compared to Foot Locker’s reported results in the same period last year with pro-forma comp sales being down mid- to high-single dig