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Dick's Sporting Goods Inc.'s stock rose 0.9% in premarket trading on Wednesday after the retailer beat Wall Street analyst projections for its first-quarter profit on its fifth straight quarter of same-store sales growth of more than 4%.
Dick's Sporting Goods was able to stand by its full-year guidance, even while taking tariffs into effect. The retailer said it's still expecting fiscal 2025 profits to be between $13.80 and $14.40 per share, in line with what analysts expected, according to LSEG.
– Delivers Double-Digit EBT Margin of 11.0% and Non-GAAP EBT Margin of 11.4% – – Reaffirms 2025 Outlook for Comp Sales and EPS (A) – Delivered earnings per diluted share of $3.24 and non-GAAP earnings per diluted share of $3.37, compared to $3.30 during the prior year quarter, a period in which there were no non-GAAP adjustments Opened two new House of Sport locations and four new DICK'S Field House locations during the first quarter Continues to expect full year 2025 comparable sales growth to be in the range of 1.0% to 3.0% and full year 2025 earnings per diluted share to be in the range of $13.80 to 14.40 (A) Announced plan to acquire Foot Locker to create a global leader in the sports retail industry "As you see in our first quarter results, we're proud of the strong position we're in today and incredibly excited about the future. Earlier this month, we announced our plans to acquire Foot Locker, a move that represents a truly exciting and transformational moment for DICK
Retailer DICK's Sporting Goods DKS could provide more details of its planned acquisition of Foot Locker, Inc. FL when the company reports first-quarter financial results before market open Wednesday.
Dick's Sporting Goods' (DKS) acquisition of Foot Locker (FL) was met with a slew of price target cuts and even a downgrade. Caroline Woods talks about how the acquisition effects upcoming earnings for Dick's Sporting Goods and weighs if the recent downside action was overdone.
More retail earnings are on deck this week and will give investors a clearer picture into the tariff impacts. J.D. Durkin talks about the pressures Dick's Sporting Goods (DKS), Abercrombie & Fitch (ANF), and Best Buy (BBY) face heading into their reports.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Dick's (DKS), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended April 2025.
DICK'S Sporting Goods, Inc. DKS will release earnings results for the first quarter, before the opening bell on Wednesday, May 28.
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DKS' first-quarter fiscal 2025 results are likely to reflect gains from solid strategic efforts, brand strength and market share gains.