Financial Data and Key Metrics Changes - Consolidated net sales increased by 36.3% to $4.17 billion, driven by approximately $931 million from the Foot Locker acquisition and a 5.7% comp increase for the DICK'S business [25] - Non-GAAP EPS for the DICK'S business was $2.78, up from $2.75 in the prior year's quarter [30] - Consolidated gross profit was $1.38 billion, or 33.13% of net sales, down 264 basis points from last year, primarily due to the lower gross margin from the Foot Locker business [26] Business Line Data and Key Metrics Changes - DICK'S business comp sales increased by 5.7%, with growth in average ticket and transactions, following a 4.3% increase last year [17] - Foot Locker's proforma comp sales for Q3 declined by 4.7%, with a 10.2% decline internationally [7][26] - DICK'S opened 13 new House of Sport locations in Q3, the highest number in a single quarter, bringing the total to 35 [18] Market Data and Key Metrics Changes - DICK'S business saw broad-based strength across footwear, apparel, and hard lines categories [25] - Foot Locker's comparable sales in North America decreased by 2.6%, while international sales decreased by 10.2%, primarily due to softness in Europe [26] Company Strategy and Development Direction - The acquisition of Foot Locker is viewed as a transformative opportunity to redefine sports retailing and expand the total addressable market [6] - The immediate priority for Foot Locker is to clean out underperforming assets, including inventory and stores, to position the business for future success [9][33] - DICK'S is focused on maintaining momentum through a differentiated product assortment and an industry-leading omnichannel athlete experience [6][16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the turnaround of Foot Locker, emphasizing the need for operational excellence and strong supplier relationships [8][49] - The back-to-school season in 2026 is anticipated to be an inflection point for Foot Locker's recovery [12][38] - DICK'S raised its full-year outlook for comp sales growth to 3.5%-4% and EPS to $14.25-$14.55 [36] Other Important Information - The company expects Q4 margin rates for Foot Locker to decline between 1,000 and 1,500 basis points due to aggressive inventory clean-up [10][38] - Future pre-tax charges related to the Foot Locker acquisition are expected to be between $500 million and $750 million [33] Q&A Session Summary Question: How is DICK'S driving strong comp growth and confidence going into the holiday season? - Management highlighted the differentiated product assortment and engaging athlete experience as key drivers of growth, with strong performance across all key categories [41][43] Question: What assumptions were made about Foot Locker's inventory cleanup and store closures? - Management indicated that they are still assessing which stores to close and expect significant markdowns on unproductive inventory [45][46] Question: What are the building blocks for Foot Locker to be accretive to EPS in 2026? - Management emphasized the importance of cleaning out unproductive inventory and optimizing the store portfolio as foundational steps for future profitability [47][49] Question: How will markdowns at Foot Locker impact the market and DICK'S sales? - Management expressed confidence that markdowns on older inventory will not negatively impact DICK'S sales, as new, innovative products will be introduced [54][55] Question: Is Foot Locker's expected accretion based on current EPS guidance? - Management confirmed that the expectation for Foot Locker to be accretive is based on the current EPS guidance for DICK'S business [62]

Core Insights - The Q3 earnings season for S&P 500 companies is showing positive results, with a projected 13.4% increase in earnings per share, marking the fourth consecutive quarter of double-digit growth [2] - Initial expectations for Q3 earnings were lower, with analysts predicting only a 7.9% increase as of September 30 [3] Group 1: Earnings Reports - As of November 21, 95% of S&P 500 companies have reported their Q3 results, indicating a strong performance overall [2] - Companies such as Abercrombie & Fitch, Dick's Sporting Goods, and Burlington Stores are expected to report soon, which will provide insights into consumer sentiment and purchasing behavior [4] Group 2: Sector Insights - Upcoming earnings reports from technology and other sectors include companies like Zoom, Dell, Workday, HP Inc., Deere, and Pony AI, which will further contribute to the understanding of the overall market performance [4]

Dick's Sporting Goods raised its outlook for its namesake banner, which continues to log higher sales, though profit slipped in part due to higher costs tied to the turnaround of its recently acquired... ...

Dick's Sporting Goods Business Performance and Strategy - DICK'S Business is a leading U S sports retailer with growth potential, holding approximately 9% market share within a ~$140 billion total addressable market[14] - The company achieved strong FY24 results, including a 52% increase in comparable sales and net sales of $1344 billion, a 3590% non-GAAP gross margin (+89 bps year-over-year), a $152 billion non-GAAP EBT (+83% year-over-year), and a $1405 non-GAAP EPS (+88% year-over-year)[20] - DICK'S Business is focused on three growth areas: driving growth in key categories, accelerating eCommerce, and repositioning real estate and store portfolio[32] - The company is expanding its House of Sport locations, aiming for 75 to 100 stores by the end of FY27, with each location generating approximately $35 million in Y1 Omni sales and ~$7 million in Y1 4-Wall Omni EBITDA[37, 45] - DICK'S Business is also growing its Golf Galaxy footprint, including Performance Centers, with 112 Golf Galaxy locations, including 32 Performance Centers as of FY25[47, 53] Acquisition of Foot Locker and Future Outlook - DICK'S Sporting Goods acquired Foot Locker, Inc to create a global platform within the growing sports retail industry with a ~$300 billion total addressable market and ~65% market share[7, 16] - Foot Locker, Inc has approximately 23K global stores across North America, Europe, and Asia Pacific, with FY24 revenue of $8 billion and adjusted EBIT of $193 million[113] - The company expects to achieve $100 million to $125 million in cost synergies from the Foot Locker acquisition over the medium-term and expects the acquisition to be accretive to EPS in FY26, excluding one-time costs[117] - DICK'S Business Q3 2025 comparable sales grew 57%, and the company is raising its full-year 2025 outlook for the DICK'S Business, expecting net sales of $1395 billion to $140 billion and diluted EPS of $1425 to $1455[133, 135] Capital Allocation and Shareholder Returns - The company has returned approximately $22 billion to shareholders over the past three years, representing approximately 110% of free cash flow, including ~$13 billion in share repurchases and ~$880 million in dividends[126, 127] - DICK'S Sporting Goods announced authorization of a new five-year share repurchase program of up to $3 billion[130]

Core Viewpoint - Dick's Sporting Goods is restructuring Foot Locker following its acquisition to enhance profitability by fiscal 2026, which includes plans to close several stores [1][2][6]. Group 1: Acquisition and Restructuring - Dick's acquisition of Foot Locker for $2.4 billion aims to strengthen its position in the wholesale sneaker market, particularly for Nike products, and to access a broader consumer base [7]. - The company is implementing aggressive markdowns and impairing store assets as part of the restructuring process to protect future profits [2][6]. - Specific details on the number of store closures and potential layoffs have not been disclosed [2]. Group 2: Financial Performance - Dick's reported a net income of $75.2 million, or 86 cents per share, for the quarter ending Nov. 1, a decrease from $227.8 million, or $2.75 per share, a year earlier [5]. - Excluding one-time items related to the Foot Locker acquisition, adjusted earnings per share were $2.78, surpassing the expected $2.71 [10]. - The company's revenue increased by 36% to $4.17 billion from $3.06 billion year-over-year, driven by Foot Locker's contribution of nearly $931 million [7]. Group 3: Sales Expectations - Foot Locker's comparable sales are projected to decline in the mid- to high-single digits for the current quarter, with margins expected to drop by 10 to 15 percentage points [3]. - Dick's anticipates comparable sales growth for its own stores to rise between 3.5% and 4%, an increase from the previous forecast of 2% to 3.5% [4].

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Core Insights - Wall Street analysts forecast that Dick's Sporting Goods (DKS) will report quarterly earnings of $2.69 per share, indicating a year-over-year decline of 2.2% [1] - Anticipated revenues are projected to be $3.19 billion, reflecting an increase of 4.3% compared to the same quarter last year [1] Earnings Estimates - Over the past 30 days, the consensus EPS estimate has been adjusted downward by 0.4%, indicating a reassessment by covering analysts [2] - Changes in earnings estimates are crucial for predicting potential investor reactions, with empirical studies showing a strong relationship between earnings estimate revisions and short-term stock price performance [3] Key Metrics - Analysts predict 'Comparable store sales - YoY change' to be 3.5%, down from 4.2% in the same quarter last year [5] - The 'Number of stores - Total (EOP)' is expected to reach 886, compared to 864 in the same quarter last year [5] - The 'Number of stores - Dicks Sporting Goods' is projected to be 718, down from 727 year-over-year, while 'Number of stores - Golf Galaxy/Specialty Concept Store' is expected to increase to 182 from 137 [6] Sales Performance - The average prediction for 'Sales per store' is $3.64 million, an increase from $3.54 million in the previous year [7] - Over the past month, shares of Dick's have returned -9.3%, contrasting with the Zacks S&P 500 composite's -0.3% change [7] - Currently, DKS holds a Zacks Rank 3 (Hold), suggesting its performance may align with the overall market in the near future [7]

While all eyes are on Nvidia's (NVDA) earnings report, retailers have been flooding the earnings docket as well. In fact, Dick's Sporting Goods Inc (NYSE:DKS) is headed to the confessional, with third-quarter earnings results due out before the open on Tuesday, Nov. 25. Analysts expect the footwear giant to announce quarterly profits of $2.71 per share on revenue of $4.45 billion.DKS has a mixed post-earnings history, finishing four of its last eight next-day sessions lower and four higher, including a 4.8% ...

Core Insights - Academy Sports and Outdoors, Inc. (ASO) shares are experiencing a decline despite the announcement of significant expansion plans [1][2] - The company opened a total of 24 new store locations by the end of fiscal 2025, contributing to an aggressive growth strategy [2] - The expansion created over 1,400 new jobs across the company [2] Expansion Details - Five new store locations were opened in the fourth quarter of 2025, including sites in Russellville, Arkansas; Seguin, Texas; and Fort Wayne, Indiana [1][2] - Additional stores were launched in El Paso and New Braunfels, Texas [2] Executive Commentary - Senior Vice President of Retail Operations, Eric Friederich, expressed confidence in the upcoming holiday sales and the effectiveness of the product selection and pricing strategy [3] - The company aims to provide top brands and private labels at competitive prices [3] Community Engagement - Each new store location hosted a public grand opening celebration, which included deals, giveaways, and a ribbon-cutting ceremony [4] - The company highlighted its commitment to supporting local youth through these events [4] Retail Strategy - Academy stores cater to families, offering a wide range of products including apparel, footwear, sports gear, and outdoor equipment [5] - The inventory features private label brands like Magellan Outdoors and Freely, as well as national brands such as Nike, YETI, and Adidas [5] - ASO shares were reported to be trading lower by 3.15% at $41.80 during the latest trading session [5]

Play It Forward: Game On Poster Play It Forward: Game On is hosted by CBS Sports analyst and two-time WNBA champion Renee Montgomery, two-time Emmy-nominated actor and Nickelodeon alum Kel Mitchell and YouTube star Jesser. In the series, the three stars go undercover, joining forces with hometown coaches and parents, to pull off jaw- dropping makeovers for under-resourced youth sports teams. In this ultimate sports surprise show, viewers will follow along as the dream team creates hilarious moments to keep ...