The earnings call reflects a positive sentiment with strong Q2 results, an optimistic full-year outlook, and strategic growth initiatives such as the expansion of House of Sport and Fieldhouse locations, as well as the pending acquisition of Foot Locker. While there are some concerns around SG&A expense deleverage, inventory levels, and potential tariff impacts, these are outweighed by the company's strong performance and strategic initiatives.

Company Guidance

During DICK'S Sporting Goods' second quarter 2025 earnings call, the company delivered strong results with a 5% increase in comparable store sales and a consolidated sales increase of 5% to $3.65 billion. The gross margin expanded by 33 basis points to 37.06% of net sales, while non-GAAP earnings per share (EPS) reached $4.38. The company raised its full-year outlook, now expecting comp sales growth of 2% to 3.5% and EPS between $13.90 and $14.50. DICK'S also highlighted the pending acquisition of Foot Locker, set to close on September 8, 2025, emphasizing its strategic benefits and potential to create a global leader in sports retail. The company continued to strengthen its omnichannel strategy, with e-commerce growing faster than the overall company, and expanded its real estate portfolio with new House of Sport and Fieldhouse locations.

Strong Second Quarter Performance

DICK'S Sporting Goods reported a 5% increase in comparable sales for Q2 2025, driven by a 4.1% increase in average ticket and a 0.9% increase in transactions. Gross margin also expanded by 33 basis points.

Positive Full-Year Outlook

The company raised its full-year guidance, expecting comparable sales growth to be in the range of 2% to 3.5% and EPS to be between $13.90 and $14.50.

Successful Omnichannel Strategy

DICK'S omnichannel operations continue to gain market share from online-only and other omnichannel retailers, with the e-commerce business growing faster than the company overall.

Expansion of House of Sport and Fieldhouse Locations

Plans to open approximately 16 House of Sport locations and 15 Fieldhouse locations by year-end, marking significant expansion in these concepts.

Pending Acquisition of Foot Locker

The acquisition is set to close on September 8, with all regulatory approvals received. The deal is expected to create a global leader in the sports retail industry.

Game Changer and DICK'S Media Network Growth

The Game Changer app saw a 50% revenue growth with 7.4 million unique active users. DICK'S Media Network is also highlighted as a long-term growth driver.

Dick's Sporting Goods (DKS) Earnings, Revenues Date & History

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DKS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 25, 2025	2025 (Q3)	2.82 / -	2.75	―	―	―
Aug 28, 2025	2025 (Q2)	4.29 / 4.38	4.37	0.23% (<+0.01)
May 28, 2025	2025 (Q1)	3.29 / 3.37	3.3	2.12% (+0.07)
Mar 11, 2025	2024 (Q4)	3.52 / 3.62	3.85	-5.97% (-0.23)
Nov 26, 2024	2024 (Q3)	2.68 / 2.75	2.85	-3.51% (-0.10)
Sep 04, 2024	2024 (Q2)	3.89 / 4.37	2.82	54.96% (+1.55)
May 29, 2024	2024 (Q1)	2.96 / 3.30	3.4	-2.94% (-0.10)
Mar 14, 2024	2023 (Q4)	3.36 / 3.85	2.93	31.40% (+0.92)
Nov 21, 2023	2023 (Q3)	2.47 / 2.85	2.6	9.62% (+0.25)
Aug 22, 2023	2023 (Q2)	3.78 / 2.82	3.68	-23.37% (-0.86)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

DKS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 28, 2025	$173.07	$175.96	+1.67%
Mar 11, 2025	$208.42	$196.52	-5.71%
Nov 26, 2024	$211.51	$208.55	-1.40%
Sep 04, 2024	$226.94	$215.85	-4.89%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.