DICK’S Sporting Goods seals Foot Locker deal, forecasts 36% sales surge
DICK’S Sporting Goods has finalized its acquisition of Foot Locker, completing the deal on September 8, 2025. This purchase is expected to bolster earnings per share by fiscal 2026, excluding one-time expenses. Meanwhile, DICK’S has appointed new leadership for Foot Locker’s divisions as it commences restructuring the brand’s operations.
The third quarter witnessed robust growth for DICK’S Sporting Goods, with consolidated net sales surging 36.3% to $4.17 billion. Comparable sales climbed 5.7%, powered by a 4.4% increase in average transaction value and a 1.3% rise in customer numbers. Building on this momentum, the company has revised its full-year outlook, now anticipating comparable sales growth of 3.5-4% and earnings per share between $14.25 and $14.55.
The acquisition signifies a significant stride for DICK’S Sporting Goods, with earnings projected to grow once restructuring is concluded. Foot Locker’s integration will require time, as the company prioritizes cost reduction and performance enhancement. The coming year will be pivotal in determining how the brand adapts under its new ownership.
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