Foot Locker

Dick's Sporting Goods reported fiscal Q1 revenue of $5.17 billion, beating estimates, but adjusted EPS of $2.90 missed expectations as $96.5 million of acquisition-related charges from the Foot Locker deal hit results. Comparable sales rose 6% at Dick's and 0.6% overall at Foot Locker (6.4% in Foot Locker U.S.), producing combined comps growth of 4.1%. The company narrowed comparable-sales guidance for both banners but lowered consolidated operating income and EPS ranges for fiscal 2026 while raising adjusted operating income guidance slightly. » More on cnbc.com

Dick’s Sporting Goods completed its $2.4 billion acquisition of Foot Locker, creating a combined retail group with more than 3,200 stores in roughly 20 countries. Foot Locker will operate as a standalone business while Dick’s plans to apply its omnichannel playbook, inventory discipline and sourcing efficiencies to restore growth and capture at least $100 million in cost savings. Management expects the deal to be earnings-accretive by 2026, though risks include margin pressure from heavy markdowning, competition from athleisure brands and shifting wholesale dynamics with Nike and Adidas. » More on forbes.com

Dick’s Sporting Goods reported Q2 2025 EPS of $4.37 and revenue of $3.65 billion and raised its full-year outlook; nevertheless, the stock fell about 5.8% in premarket trading. The company expects synergies from the planned acquisition of Foot Locker and sees further growth from footwear, apparel and digital platforms. » More on de.investing.com

DICK'S Sporting Goods has extended the exchange offer deadline for the 4.00% Foot Locker notes from Aug. 29 to Sept. 9, 2025; about 94.94% of the outstanding notes had been submitted for tender as of Aug. 26. The exchange is part of the announced merger with Foot Locker, whose closing is expected on Sept. 8, 2025, following completion of the Hart‑Scott‑Rodino review. DICK'S is reported to have solid liquidity and cash flows, announced the launch of the content studio Cookie Jar & A Dream Studios, and saw analyst price targets raised. » More on de.investing.com

Foot Locker announced it is discontinuing the Foot Locker Nationals high school cross country series, a 45-year event that had showcased future Olympians, citing waning interest, sponsor losses and the high cost of staging a national meet. The decision came months after Dick’s Sporting Goods agreed to acquire Foot Locker, which prompted a balance-sheet review and contributed to ending the event. Competition from Nike Cross Nationals and a lack of direct retail return on investment also eroded the series' relevance in recent years. » More on forbes.com