Core Insights - Dick's Sporting Goods (DKS) is expected to report quarterly earnings of $4.29 per share, reflecting a decline of 1.8% year-over-year, while revenues are forecasted to reach $3.6 billion, an increase of 3.6% compared to the previous year [1] - The consensus EPS estimate has remained unchanged over the last 30 days, indicating a collective reevaluation by analysts [1][2] Financial Metrics - Analysts predict 'Comparable store sales - YoY change' to be 2.9%, down from 4.5% in the same quarter last year [4] - The 'Number of stores - Total (EOP)' is expected to reach 884, an increase from 861 a year ago [4] - The 'Number of stores - Golf Galaxy/Specialty Concept Store' is forecasted to be 167, up from 136 in the same quarter last year [5] - The 'Number of stores - Dick's Sporting Goods' is expected to remain at 725, unchanged from the previous year [5] Market Performance - Dick's shares have increased by 4.8% over the past month, outperforming the Zacks S&P 500 composite, which rose by 2.7% [6] - The company holds a Zacks Rank 3 (Hold), suggesting it is expected to closely follow overall market performance in the near term [6]

Core Viewpoint - Foot Locker's shareholders have overwhelmingly approved the acquisition by DICK'S Sporting Goods, with approximately 99% of votes in favor, indicating strong support for the merger and the strategic direction of the combined entity [1][2]. Summary by Relevant Sections Merger Agreement - The merger agreement allows Foot Locker shareholders to choose between receiving $24.00 in cash or 0.1168 shares of DICK'S common stock for each share of Foot Locker owned, with no minimum or maximum limits on the cash or stock consideration [1][2]. Shareholder Support - The preliminary vote count showed that about 99% of votes cast were in favor of the merger, representing approximately 70% of all outstanding shares, highlighting significant shareholder confidence in the transaction [2]. Transaction Timeline - The transaction is expected to close in the second half of 2025, pending the satisfaction or waiver of customary closing conditions, including necessary regulatory approvals [3]. Company Background - Foot Locker, Inc. operates approximately 2,400 retail stores across 20 countries, focusing on footwear and apparel, and has a strong presence in sneaker culture through its various brands [4].

Core Viewpoint - Academy Sports and Outdoors, Inc. is set to release its second quarter fiscal 2025 financial results on September 2, 2025, before market opening [1] Group 1: Financial Results Announcement - The financial results will be discussed in a live conference call scheduled for 10:00 a.m. Eastern Time on the same day [2] - Participants can access the call by dialing specific numbers for U.S. and international callers, with a passcode provided [2] Group 2: Company Background - Academy Sports and Outdoors is a prominent full-line sporting goods and outdoor recreation retailer in the U.S., with over 300 stores across 21 states [4] - The company was founded in 1938 as a family business in Texas and aims to provide "Fun for All" through a localized merchandising strategy [4] - The product assortment includes key categories such as outdoor, apparel, sports & recreation, and footwear, featuring both national brands and private label brands [4]

Company Overview - DICK'S Sporting Goods, Inc. is a leading omni-channel retailer founded in 1948 and headquartered in Pittsburgh, serving athletes and outdoor enthusiasts through over 850 stores and online platforms [2] - The company operates various brands including Golf Galaxy, Public Lands, and Going Going Gone!, and also runs DICK'S House of Sport and Golf Galaxy Performance Center [2] Corporate Social Responsibility - DICK'S Sporting Goods has a strong commitment to youth sports, having donated millions of dollars to support under-resourced teams and athletes through initiatives like the Sports Matter program [3] - The company emphasizes the belief that sports can change lives and actively engages in community-based initiatives [3] Upcoming Events - Management will participate in a fireside chat at the Goldman Sachs 32nd Annual Global Retailing Conference on September 4th at 11:40 a.m. Eastern Time, which will be available for live streaming and archived replay [1]

Core Viewpoint - Kuehn Law, PLLC is investigating potential breaches of fiduciary duties by officers and directors of Dick's Sporting Goods, Inc. related to misrepresentation of the company's business conditions and prospects [1][2]. Group 1: Allegations of Misrepresentation - Insiders at Dick's Sporting Goods allegedly caused the company to misrepresent or fail to disclose that demand for products in the Outdoor segment was slowing faster than represented, leading to excess inventory [2]. - The "structural changes" promoted by the company, such as differentiated products and improved pricing technology, did not effectively manage excess inventory without negatively impacting profitability [2]. - The need to liquidate excess inventory, particularly in the Outdoor segment, is expected to have a materially negative effect on the company's profitability [2]. - As a result of these issues, statements regarding Dick's Sporting Goods' business condition and future prospects were materially false and misleading [2]. Group 2: Shareholder Action - Shareholders who purchased DKS stock prior to May 25, 2022, are encouraged to contact Kuehn Law, as there may be limited time to enforce their rights [2]. - Kuehn Law offers to cover all case costs and does not charge its investor clients [2].

Core Viewpoint - Johnson Fistel, PLLP is investigating potential claims against DICK's Sporting Goods officers and directors for allegedly breaching their fiduciary duties to the company [1] Group 1: Legal Proceedings - On August 12, 2025, the Court partially denied DICK's Sporting Goods' motion to dismiss a securities fraud lawsuit, allowing claims that executives misled investors about inventory levels to proceed [2] - The complaint alleges that during the class period, defendants issued materially false and/or misleading statements regarding the demand for products in the outdoor segment, which was slowing faster than represented, leading to excess inventory [3] - The complaint also states that the "structural changes" touted by defendants did not enable the company to manage excess inventory without negatively impacting profitability [3] Group 2: Shareholder Rights - Shareholders who have continuously owned DICK's Sporting Goods shares since before May 25, 2022, have certain legal rights and can learn more about their options [2][4] - Johnson Fistel encourages shareholders to contact them for information on how to hold the officers and directors accountable for the alleged damages caused to the company [4] Group 3: Company Background - Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, and Colorado, representing individual and institutional investors in shareholder derivative and securities class action lawsuits [5]

Core Insights - DICK'S Sporting Goods has launched Cookie Jar & A Dream Studios, an in-house content and production studio focused on storytelling through sports [1][2] - The studio aims to create transformative narratives that highlight the emotional journeys of athletes, emphasizing themes of hope, resilience, and community [2][4] - DICK'S has a history of sports storytelling, having produced award-winning documentaries, including two Sports Emmys in the last decade [3] Company Overview - DICK'S Sporting Goods was founded in 1948 and is headquartered in Pittsburgh, operating over 850 retail locations and various online platforms [6] - The company is committed to supporting youth sports and has donated millions through its Sports Matter program [7] Recent Projects - The announcement of Cookie Jar & A Dream Studios coincides with the premiere of "Big Dreams: The Little League World Series 2024," showcasing the significance of youth sports [4][5] - The studio's name reflects the company's origins, honoring the founder's story of starting with a small investment from his grandmother [5]

Media Relations: (724) 273-5552 or [email protected] Category: Financial SOURCE DICK'S Sporting Goods, Inc. DICK'S Sporting Goods (NYSE: DKS) creates confidence and excitement by inspiring, supporting and personally equipping all athletes to achieve their dreams. Founded in 1948 and headquartered in Pittsburgh, the leading omni-channel retailer serves athletes and outdoor enthusiasts in more than 850 DICK'S Sporting Goods, Golf Galaxy, Public Lands and Going Going Gone! stores, online, and through the DICK' ...

Core Insights - Big 5 Sporting Goods Corporation reported a net loss of $1.11 per diluted share for Q2 fiscal 2025, wider than the loss of $0.46 per share in the same quarter last year [2] - Net sales decreased by 7.5% to $184.9 million from $199.8 million year-over-year, primarily due to a 6.1% decline in same-store sales [2] - The company incurred a total net loss of $24.5 million, compared to a net loss of $10 million in the prior year [3] Financial Performance - Gross profit fell to $52.2 million from $58.7 million, with gross margin contracting from 29.4% to 28.2% [2] - Adjusted EBITDA for the quarter was negative $14.7 million, worsening from negative $8.7 million a year earlier [3] - Operating loss widened to $23.2 million from $13.5 million in the prior year quarter [4] Cost and Expenses - Selling and administrative expenses remained flat at $75.4 million compared to $72.2 million, indicating insufficient cost controls [4] - Interest expense rose significantly to $1.3 million from $0.1 million in Q2 2024, contributing to the net loss [5] - The company reported $2.8 million in merger-related expenses and a $1.3 million non-cash impairment charge for underperforming stores [5] Balance Sheet and Inventory - Big 5 ended the quarter with $71.4 million in borrowings under its $150 million credit facility and $4.9 million in cash [6] - Merchandise inventories increased to $283.3 million from $260.3 million at the end of 2024 [6] Management Commentary - CEO Steven G. Miller acknowledged the disappointing results, attributing them to macroeconomic and geopolitical headwinds affecting consumer discretionary spending [7] - Management noted the absence of an income tax benefit this quarter, which had previously helped offset losses [8] Strategic Developments - Big 5 entered into a definitive merger agreement on June 30, 2025, with Worldwide Golf and Capitol Hill Group, resulting in an all-cash transaction for all outstanding shares [12] - The merger is expected to lead to Big 5's delisting from Nasdaq in the second half of 2025, transitioning the company into a private entity [12]

PITTSBURGH, Aug. 4, 2025 /PRNewswire/ -- DICK'S Sporting Goods, Inc. ("DICK'S") (NYSE: DKS), a leading U.S. based full-line omni-channel sporting goods retailer, today announced the extension of the Expiration Date (as defined below) in connection with the previously announced offer to eligible holders to exchange (the "Exchange Offer") any and all of Foot Locker, Inc.'s ("Foot Locker") 4.000% Senior Notes due 2029 (the "Foot Locker Notes") for (1) up to $400,000,000 aggregate principal amount of new 4.000% ...