Core Viewpoint - Macy's has reduced its annual profit forecast due to the impact of tariffs and a slowdown in consumer spending, indicating a cautious outlook for the retail sector [1][3][4] Financial Performance - The company now expects adjusted earnings per share of $1.60 to $2 for 2025, down from a previous forecast of $2.05 to $2.25, with 15 to 40 cents of the drop attributed to tariffs [1][3] - Macy's reaffirmed its annual sales forecast of $21 billion to $21.4 billion, a decline from last year's $22.29 billion [4] - For the three months ended May 3, adjusted earnings per share were reported at 16 cents, beating projections of 14 cents, while revenue was $4.6 billion, above expectations of $4.5 billion [4] Market Challenges - The company faces challenges from a slowdown in consumer spending and increased competition in promotions and discounts across the retail industry [3][8] - Comparable sales at Macy's locations fell 0.8% compared to the same period last year, while same-store sales at Bloomingdale's and Bluemercury increased by 3.8% and 1.5%, respectively [7][9] Strategic Initiatives - Macy's is undergoing a three-year turnaround plan, which includes closing 150 locations by early 2027 and enhancing its Bluemercury and Bloomingdale's businesses [5][6] - The company has invested in staffing, improved displays, and a new merchandise mix at 125 locations, which is about one-third of the stores it plans to keep open [6][11] Stock Performance - Macy's shares have decreased by approximately 27% so far this year [10][13]

2 We believe sports have the power to change lives. 3 We create confidence and excitement by inspiring, supporting, and personally equipping all athletes to achieve their dreams. We create an inclusive environment where all TEAMMATES can thrive. We create and build leading brands that serve and inspire ATHLETES. We make a lasting impact on COMMUNITIES through sport. We deliver SHAREHOLDER value through growth and relentless improvement. Together with our Foundation, we have provided over $200 million in gra ...

Core Viewpoint - Foot Locker Inc is set to announce its quarterly results on May 29, following a recent acquisition by Dick's Sporting Goods for $2.4 billion, with the stock currently consolidating around $24 and showing a year-to-date increase of 10.2% [1] Group 1: Earnings and Stock Performance - The stock has a history of significant post-earnings movements, averaging a next-day swing of 17.5% over the past two years, while current options are pricing in a much smaller expected move of 2.4% [3] - A potential short squeeze could occur if earnings results are positive, as short interest accounts for 16.1% of the stock's available float, equating to over three days' worth of buying power [3] Group 2: Volatility and Options Trading - Investors may consider options as a strategy to manage earnings volatility, as Foot Locker's Schaeffer's Volatility Index (SVI) is at 23%, which is in the low 10th percentile of its annual range, indicating low volatility expectations from options traders [4]

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.Here are the analyst estimates, what analysts are saying after the acquisition was announced and key items to watch.Earning Estimates: Analysts expect Dick's Sporting Goods to report first-quarter revenue of $3.59 billion, up from $3.02 billion in last year's first quarter, according to data from Benzinga Pro.Th ...

Core Viewpoint - Academy Sports and Outdoors, Inc. is set to release its first quarter fiscal 2025 financial results on June 10, 2025, before market opening [1] Financial Results Announcement - The company will host a live conference call on the same day at 10:00 a.m. Eastern Time to discuss the financial results [2] - Participants can access the call by dialing 1-877-407-3982 (U.S.) or 1-201-493-6780 (International) with the conference passcode 13753920 [2] - A webcast of the call and related materials will be available on the company's website [2] Conference Call Replay - A telephonic replay of the conference call will be available for approximately 30 days [3] - The replay can be accessed by dialing 1-844-512-2921 (U.S.) or 1-412-317-6671 (International) with the same passcode [3] - The webcast will also be archived on the company's website for about 30 days [3] Company Overview - Academy Sports and Outdoors is a leading full-line sporting goods and outdoor recreation retailer in the U.S. [4] - The company was founded in 1938 in Texas and has expanded to over 300 stores across 21 states [4] - Academy's mission is to provide "Fun for All" through a localized merchandising strategy that appeals to a diverse consumer base [4] - The product assortment includes key categories such as outdoor, apparel, sports & recreation, and footwear, featuring both national brands and private label brands [4]

Analysts on Wall Street project that Dick's Sporting Goods (DKS) will announce quarterly earnings of $3.34 per share in its forthcoming report, representing an increase of 1.2% year over year. Revenues are projected to reach $3.12 billion, increasing 3.4% from the same quarter last year.The current level reflects an upward revision of 0.5% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial pro ...

DICK’S Sporting Goods, Inc. DKS will release earnings results for the first quarter, before the opening bell on Wednesday, May 28.Analysts expect the company to report quarterly earnings of $4.33 per share and quarterly revenue of $3.6 billion, according to data from Benzinga Pro.On May 15, Foot Locker, Inc. FL disclosed a definitive deal to be acquired by Dick's Sporting Goods. The deal values Foot Locker's equity at around $2.4 billion and its enterprise at about $2.5 billion.With the recent buzz around D ...

Telsey Advisory Group analyst Cristina Fernández reiterated the Market Perform rating on Foot Locker, Inc. FL on Friday, raising the price forecast from $20 to $24.Foot Locker shares rocketed premarket on Thursday after the company disclosed a definitive deal to be acquired by Dick’s Sporting Goods Inc DKS which values Foot Locker’s equity at around $2.4 billion and its enterprise at about $2.5 billion.As per the deal, Foot Locker shareholders will have the option to receive either $24 in cash or 0.1168 sha ...

Core Insights - DICK'S Sporting Goods, Inc. (DKS) anticipates a comparable sales increase of 4.5% for Q1 fiscal 2025, exceeding previous predictions of 2.1% growth [1] - The company expects earnings per share (EPS) of $3.24 and adjusted EPS of $3.37, which is higher than the $3.30 earned in the same quarter last year and the Zacks Consensus Estimate of $3.21 [1] - DKS is focusing on enhancing digital and store experiences to better serve athletes, with significant investments in digital transformation [1][2] Strategic Developments - DKS is benefiting from strong brand execution and market share, emphasizing an omnichannel experience to enhance athlete engagement [2] - The acquisition of Foot Locker (FL) for nearly $2.4 billion is a strategic milestone aimed at creating value for athletes and stakeholders [3][5] - The merger is expected to be accretive to DKS' EPS in the first fiscal year post-close and generate $100-$125 million in cost synergies through procurement efficiencies [5] Market Reaction - Following the merger announcement, DKS shares fell over 14%, reflecting investor concerns about the integration of FL's business [4] - Over the past three months, DKS shares have declined by 24.5%, compared to a 4.9% decline in the industry [4] Future Outlook - The combined entity aims to enhance its international presence, with Foot Locker operating as a standalone business within DKS' portfolio [6] - DKS is committed to improving the omnichannel athlete experience and diversifying its product offerings, leveraging platforms like GameChanger and Dick's Media Network for digital growth [6]

Core Viewpoint - Dick's Sporting Goods will acquire Foot Locker for $2.4 billion, significantly increasing its store count and enhancing its position in the sporting goods market [1][2]. Financial Overview - Dick's will pay $24 per share for Foot Locker, representing a 90% premium over its pre-announcement share price [2]. - In 2024, Dick's reported revenues of $13 billion, a 3.5% year-over-year increase, while Foot Locker's revenue was $8 billion, reflecting a 1.9% decline at constant currency rates [3]. Market Position and Strategy - Dick's operates 856 stores in the U.S. market, targeting a $140 billion addressable market, while Foot Locker has a global footprint of 2,400 stores and targets a $300 billion market, with 30% of its revenues coming from international sales [4]. - The acquisition is expected to yield $100 million to $125 million in cost synergies and is set to close in the second half of 2025, pending regulatory approvals [5]. Background and Rationale - Dick's has been considering the acquisition for some time, aiming to leverage its strong track record in sporting goods and performance athletics [6]. - Foot Locker has faced challenges, particularly after Nike shifted its distribution model away from wholesale partnerships, impacting Foot Locker's sales [6]. Market Share Impact - The acquisition will increase Dick's market share by 4.3 percentage points, building on its existing 11.1% share [7]. - Combined, Nike could represent 30% to 35% of the sales for both Dick's and Foot Locker, reinforcing the strategic importance of this acquisition for Nike [6][9]. Analyst Perspectives - Analysts express mixed views on the acquisition, with some highlighting the potential for value creation while others caution against the historical challenges of retail mergers [10].