Dick’s Sporting Goods has reported higher third-quarter (Q3) 2025 sales to 1 November 2025 and raised its full-year outlook as it began integrating newly acquired Foot Locker across its US operations.
The US-based omni-channel retailer’s net sales for the quarter rose 36.3% year-on-year (YoY) to $4.16bn, with comparable sales at the core Dick’s business up 5.7%.
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GAAP earnings per diluted share were $0.86, while non-generally accepted accounting principles (GAAP) earnings per diluted share were $2.07.
The company completed its $2.5bn acquisition of Foot Locker in September 2025 and has since begun reviewing underperforming assets.
Dick’s will clear excess inventory, close unproductive Foot Locker stores and streamline the store estate.
It expects pre-tax charges of $500m to $750m related to these actions and broader integration costs.
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By GlobalDataGAAP net income for Q3 2025 was $75m, down 67% from $228m in the same quarter of the previous year, reflecting higher merger and integration costs.
On a non-GAAP basis, net income was $181m, 21% below 2024’s $228m.
During the quarter, the company also opened 13 House of Sport stores and six Field House locations.
Dick’s raised its 2025 guidance for the core business, now forecasting comparable sales growth of between 3.5% and 4%, up from 2% to 3.5% previously.
It also expects earnings per diluted share of $14.25–$14.55, compared with previous guidance of $13.9–$14.5.
Foot Locker’s fourth-quarter performance is expected to reflect ongoing inventory optimisation, with gross margin projected to decline by between 1,000 and 1,500 basis points and pro-forma comparable sales forecast to fall by a mid to high-single-digit percentage.
Excluding one-off costs, operating profit is expected to be slightly negative.
As of 1 November 2025, the combined business operated 3,230 stores.
The integration steps taken in 2025 will position Foot Locker for improvement from 2026 onwards.
Dick’s Sporting Goods executive chairman Ed Stack stated: “We are incredibly excited about our acquisition of Foot Locker, which marks a bold and transformative step that expands our reach and creates a global platform at the intersection of sport and culture.”
In a separate development, Dick’s Sporting Goods appointed Matthew Barnes as president of Foot Locker International, effective from 3 December 2025.
He will lead Foot Locker’s international operations, focusing on growth, business momentum and turnaround initiatives.
Barnes will oversee stores, e-commerce and digital businesses across Europe, Asia and Australia, as well as licensed locations in Europe, the Middle East and Asia.
Reporting to executive chairman Stack, he joins the leadership team and brings 30 years of global retail experience at Aldi and Tesco.
