“The company has initiated a review of unproductive assets which includes clearing out unproductive inventory, closing underperforming stores, and right sizing assets that don’t align with our go-forward vision for the Foot Locker Business. These actions along with additional merger and integration costs, are expected to result in future pre-tax charges of $500M-$750M.”
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DKS:
- Dick’s Sporting sees FY25 CapEx $1.2B on gross basis, $1B on net basis
- Dick’s Sporting ‘taking strategic actions to address unproductive assets’
- Dick’s Sporting reports Q3 adjusted EPS $2.78, consensus $2.71
- Dick’s Sporting raises FY25 EPS view to $14.25-$14.55 from $13.90-$14.50
- These Are the Stocks Reporting Earnings Today – November 25, 2025