Dick’s Sporting Goods Beats Q4 Estimates and Issues Strong 2026 Forecast

Core Insights - Dick's Sporting Goods reported fourth-quarter results that exceeded analyst expectations, with adjusted earnings per share of $3.45, surpassing the consensus estimate of $3.03 by $0.42 [1] - Revenue for the quarter reached $6.23 billion, exceeding the forecast of $6.08 billion and representing a 59.9% increase from $3.89 billion in the prior-year quarter, largely driven by the acquisition of Foot Locker [1] Fiscal 2026 Guidance - The company forecasted adjusted earnings per share for fiscal 2026 between $13.50 and $14.50, compared to the analyst consensus estimate of $12.77, with the midpoint of $14.00 representing a 9.6% premium to expectations [2] - Revenue for fiscal 2026 is expected to range from $22.1 billion to $22.4 billion, with the midpoint of $22.25 billion being approximately 2.1% above the consensus estimate of $21.8 billion [2] - Following the announcement, shares rose by 3.8% [2] Fiscal 2025 Performance - For fiscal 2025, Dick's recorded comparable sales growth of 4.5% and adjusted earnings per share of $14.58, an increase from $14.05 in the previous year [3] - The company opened 16 House of Sport locations and 15 Dick's Field House stores during 2025, with plans to launch about 14 additional House of Sport and 22 Dick's Field House locations in 2026 [3] Dividend and Sales Growth Expectations - The board approved a 3% dividend increase to an annualized payout of $5.00 per share [4] - Dick's expects comparable sales growth of 2.0% to 4.0% in fiscal 2026 for its core business, and pro forma comparable sales growth of 1.0% to 3.0% for the Foot Locker segment [4]