Overview

• US sports retailer's Q1 sales rose 63% yr/yr, beating analyst expectations

• Non-GAAP EPS for Q1 fell 14% yr/yr, reflecting Foot Locker acquisition dilution

• Company raised low end of 2026 comp sales outlook for both DICK'S and Foot Locker businesses

Outlook

• Company raises low end of 2026 comp sales outlook for DICK'S Business to 2.5%-4.0%

• Company raises low end of 2026 comp sales outlook for Foot Locker Business to 1.5%-3.0%

• Company expects full-year 2026 consolidated EPS of $13.27-$14.27; non-GAAP EPS $13.50-$14.50

Result Drivers

• DICK'S COMP SALES - 6% comparable sales growth in DICK'S Business driven by higher average ticket, more transactions, and broad-based strength in footwear, apparel, and hardlines

• FOOT LOCKER TURNAROUND - Foot Locker Business returned to positive comparable sales and profitability, supported by Fast Break initiative and store remodels

Company press release: ID:nPnc49lp9a

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Sales	Beat	$5.17 bln	$5.09 bln (18 Analysts)
Q1 EPS		$3.54
Q1 Net Income		$320 mln

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 11 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the miscellaneous specialty retailers peer group is "buy"

• Wall Street's median 12-month price target for DICK'S Sporting Goods Inc is $250.00, about 7.2% above its May 26 closing price of $233.13

• The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 14 three months ago

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