Dick’s Sporting Goods (NYSE:DKS) issued a bullish sales forecast for the coming year, betting that its newly completed acquisition of Foot Locker will transform the domestic retailer into a global athletic powerhouse.
The Pittsburgh-based company expects fiscal 2026 net sales of $22.1 billion to $22.4 billion, according to a statement Thursday.
Dick's also projected annual earnings per share in the range of $13.70 to $14.70.
The outlook follows a fiscal 2025 where consolidated net sales reached $17.215 billion, bolstered by steady momentum in its core business.
The results highlight the retailer's successful navigation of a shifting consumer landscape.
For the full year 2025, comparable store sales for the Dick’s business rose 4.5%, including a 3.1% gain in the fourth quarter.
On a non-GAAP basis, the core Dick’s business produced earnings of $14.58 per share, outpacing the consolidated non-GAAP figure of $13.20.
The $2.5 billion acquisition of Foot Locker, completed during the fourth quarter, represents the largest strategic pivot in the company's history.
By absorbing the footwear specialist, Dick’s gains a massive international footprint and a deeper stronghold in the "sneakerhead" and urban youth markets.
Management also signaled confidence in its cash flow by authorizing a 3% increase to its annualized dividend, raising it to $5 per share.