Dick's Sporting Goods stands by full-year guidance — even with tariffs looming

Core Viewpoint - Dick's Sporting Goods reaffirms its full-year guidance for fiscal 2025, expecting earnings per share between $13.80 and $14.40, aligning with analyst expectations of $14.29 [1][2] Financial Performance - The company reported a net income of $264 million, or $3.24 per share, for the three-month period ending May 3, compared to $275 million, or $3.30 per share, a year earlier [3] - Adjusted earnings per share were reported at $3.37, while revenue reached $3.17 billion, reflecting a 5% increase from $3.02 billion a year prior [4][7] Strategic Outlook - CEO Lauren Hobart expressed confidence in the company's strategies and operational strength, despite a dynamic macroeconomic environment [3] - The company plans to acquire Foot Locker for $2.4 billion, which is expected to allow entry into international markets and access to a crucial customer base in the sneaker market [5] Market Reactions - Following the acquisition announcement, Foot Locker's shares surged over 80%, while Dick's shares fell approximately 15% [6] - The acquisition is anticipated to close in the second half of fiscal 2025, with expectations of $100 million to $125 million in cost synergies in the first full fiscal year post-close [6]