Dick’s Sporting Goods plans to acquire Foot Locker and position the combined organization to serve sports retail consumers around the world.The two companies announced the deal in a Thursday (May 15) press release, saying the transaction implies an equity value of $2.4 billion and an enterprise value of $2.5 billion.The transaction is expected to close in the second half, subject to Foot Locker shareholder approval, regulatory approvals and other customary closing conditions, according to the release. It wa ...

Core Viewpoint - Rowley Law PLLC is investigating potential securities law violations by Foot Locker, Inc. and its board of directors regarding the proposed acquisition by DICK'S Sporting Goods, Inc. [1] Group 1: Acquisition Details - The proposed acquisition involves stockholders receiving either $24.00 or 0.1168 shares of DICK'S Sporting Goods common stock for each share of Foot Locker stock held [1] - The transaction is valued at approximately $2.5 billion and is expected to close in the second half of 2025 [1]

Group 1 - Monteverde & Associates PC has recovered millions for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report [1] - The firm is investigating Foot Locker, Inc. regarding its proposed merger with DICK'S Sporting Goods, Inc., where Foot Locker shareholders can choose to receive either $24.00 in cash or 0.1168 shares of DICK'S common stock for each share of Foot Locker [1] Group 2 - Monteverde & Associates PC is a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court [2] - The firm operates from the Empire State Building in New York City [2]

Dick's Sporting Goods (NYSE:DKS) Mergers & Acquisitions Call Transcript May 15, 2025 9:00 AM ET Company Participants Nate Gilch - Senior Director, Investor Relations Edward Stack - Executive Chairman Lauren Hobart - President, Chief Executive Officer Navdeep Gupta - Executive Vice President, Chief Financial Officer Conference Call Participants Brian Nagel - Oppenheimer Paul Lejuez - Citigroup Adrienne Yih - Barclays Simeon Gutman - Morgan Stanley Robert Ohmes - BofA Securities Kate McShane - Goldman Sachs M ...

Group 1: Acquisition Details - Dick's Sporting Goods has agreed to acquire Foot Locker for $2.4 billion, offering $24 per share, which represents an 86% premium to Foot Locker's last closing price [1][3] - This acquisition is Dick's largest deal in the sporting goods industry and aims to enhance its presence in malls and expand into international markets for the first time [3][6] - The deal is expected to close in the second half of 2025 and will be financed through a combination of cash-on-hand and new debt [9] Group 2: Market Context - Several US retailers have issued pessimistic forecasts due to the impact of tariffs, leading to reduced consumer spending on various goods [4] - Foot Locker has been losing market share to competitors like Nike and Under Armour, which have expanded their direct-to-consumer business, alongside a decline in customer visits to indoor malls [5][8] - Foot Locker operates 2,400 retail stores across 20 countries, with worldwide sales of $8 billion last year [5]

Average investors focus on the next year or two for a company they consider buying for their portfolios, but those who can keep a longer time horizon in mind stand out above the crowd. There are several examples of legendary value investors who don’t often move their money around, but every time they do, they sure keep a hold of their picks for at least half a decade to let their views properly play out. DICK'S Sporting Goods TodayDKSDICK'S Sporting Goods$180.04 -29.58 (-14.11%) 52-Week Range$166.37▼$254.6 ...

Acquisition News - Dick's Sporting Goods is reportedly close to acquiring Foot Locker for approximately $2.3 billion, with a potential deal finalization as soon as May 15 [1] - Both companies have been affected by discussions of new U.S. tariffs, impacting their stock performance [2] Financial Performance - Foot Locker's fourth-quarter sales decreased by 5.8% to $2.24 billion, while comparable sales increased by 2.6%, marking the third consecutive quarter of positive comparable sales [3] - For the full fiscal year of 2024, Foot Locker's total revenue declined by 2.2% to $7.99 billion, with guidance for sales growth ranging from 0.5% to 1% and comparable sales expected to rise by 1% to 2.5% [3] - Dick's Sporting Goods reported a record comparable sales increase of 6.4% in the fourth quarter and forecasts sales growth of 1% to 3% for the year [4][5] Market Context - Dick's Sporting Goods shares have decreased by 8% this year, while Foot Locker shares have seen a significant decline of 40% as of the latest report [2] - In a related market development, private equity firm 3G Capital has agreed to acquire sneaker brand Skechers for $9.4 billion [2]

Shares of Big 5 Sporting Goods Corporation (BGFV) have gained 4.2% since the company reported its earnings for the quarter ended March 30, 2025. This compares to the S&P 500 index’s 2.9% growth over the same time frame. Over the past month, the stock has gained 15.3% compared with the S&P 500’s 12.3% growth, signaling investor confidence amid a challenging consumer environment.For the first quarter of fiscal 2025, Big 5 incurred a net loss of 78 cents per share, wider than the net loss of 38 cents per share ...

Financial Data and Key Metrics Changes - Net sales for Q1 2025 were $175.6 million, down from $193.4 million in the prior year, with same-store sales decreasing by 7.8% compared to Q1 2024 [6] - Gross profit for Q1 2025 was $54.3 million, compared to $60.4 million in the same quarter last year, resulting in a gross profit margin of 30.9%, down from 31.2% [13] - The net loss for Q1 2025 was $17.3 million, or $0.78 per basic share, compared to a net loss of $8.3 million, or $0.38 per basic share in Q1 2024 [14] - EBITDA for Q1 2025 was negative $12 million, compared to negative EBITDA of $6.5 million in the prior year [15] Business Line Data and Key Metrics Changes - On a same-store basis, hard goods decreased by 4.7%, apparel declined by 8.7%, and footwear was down by 11.8% [7] - Transactions for the period were down 5.3%, and the average sale decreased by 2.5% [8] Market Data and Key Metrics Changes - Sales in January and February were particularly challenging due to unfavorable seasonal weather, resulting in winter-related sales down nearly 25% [6] - March same-store sales were flat compared to the prior year, benefiting from an approximate 300 basis point impact from the Easter calendar shift [7] Company Strategy and Development Direction - The company continues to optimize its store portfolio, closing eight stores in Q1 2025 and anticipating the closure of approximately seven additional stores throughout the year [10] - The company is focused on capitalizing on sales opportunities during high-volume periods such as Memorial Day and Father's Day, with healthy inventory levels prepared in advance of tariff impacts [11][12] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the fluidity of macroeconomic conditions and the uncertainty in the overall environment, emphasizing the need to monitor tariffs and their impact on the supply chain and consumer spending [12] - For Q2 2025, the company expects same-store sales to be down in the low to mid-single-digit range, reflecting ongoing macroeconomic headwinds [17] Other Important Information - Merchandise inventory at the end of Q1 2025 increased by 6.5% year over year, primarily due to earlier scheduling of spring and summer merchandise deliveries [15] - Capital expenditures for Q1 2025 totaled $1.7 million, with expectations for full-year CapEx in the range of $4 million to $7 million [16] Q&A Session Summary Question: What are the expectations for same-store sales in Q2 2025? - Management expects same-store sales to be down in the low to mid-single-digit range compared to Q2 2024, influenced by macroeconomic headwinds and calendar shifts [17] Question: How is the company managing inventory levels? - The company believes its inventory is well positioned to drive sales during the upcoming summer season, having received products in advance of tariff impacts [15]

Big 5 Sporting Goods (BGFV) Q1 2025 Earnings Call April 29, 2025 05:00 PM ET Company Participants Steven Miller - Chairman, President & CEOBarry Emerson - Executive VP, CFO, Treasurer & Assistant Secretary Operator Good day, and gentlemen. Welcome to the Big five Sporting Goods First Quarter twenty twenty five Earnings Results Conference Call. Today's call is being recorded. And with us today are Mr. Steve Miller, President and Chief Executive Officer and Mr. Barry Emerson, Chief Financial Officer of Big fi ...