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\tDick\u2019s Sporting Goods has reported a strong rise in third-quarter (Q3) net sales to $4.17 billion for the quarter ended November 01, 2025. The figure represents a 36.3 per cent year-on-year increase, reflecting the consolidation of the newly acquired Foot Locker business.<\/p>\n
However, consolidated net income dropped 67 per cent to $75 million, with earnings per diluted share falling to $0.86 from $2.75 as a result of acquisition-related effects and a higher tax rate.<\/p>\n
\tOn a non-GAAP basis, consolidated net income eased 21 per cent to $181 million, while Dick\u2019s Business alone posted stable earnings of $226 million and EPS of $2.78, up one per cent. Comparable sales for the standalone Dick\u2019s Business rose 5.7 per cent, driven by steady demand across key banners including Golf Galaxy and Public Lands.<\/p>\n
\tYear-to-date consolidated revenue reached $10.99 billion, up 15.1 per cent, although net income fell 17 per cent to $721 million. Inventory rose 51 per cent to $5.64 billion following the Foot Locker acquisition, and long-term debt increased 28 per cent to $1.9 billion, the company said in a financial release.<\/p>\n
\t“We are incredibly excited about our acquisition of Foot Locker, which marks a bold and transformative step that expands our reach and creates a global platform at the intersection of sport and culture. Together, we are building a stronger and more dynamic company for the long term,” said Ed Stack, executive chairman.<\/i><\/b><\/span><\/p>\n \tThe company said it has begun clearing unproductive inventories and closing underperforming stores at Foot Locker, with expected pre-tax charges of $500 million to $750 million.<\/p>\n \tFor fiscal 2025, Dick\u2019s Business (excluding Foot Locker) expects EPS between $14.25 and $14.55 and comparable sales growth of 3.5 to 4 per cent.<\/p>\n \t“The effectiveness of our long-term strategies and the best-in-class execution by our team are driving outstanding results for our Dick’s Business. Reflecting these strong results and our continued confidence, we are again raising our full-year 2025 outlook for the Dick’s Business,” Lauren Hobart, president and chief executive office <\/i><\/b>added.<\/p>\n
<\/p>\n Fibre2Fashion News Desk (HU)<\/p>\n
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