DICK's Sporting Goods, Inc.
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Background
On August 25, 2026, Dick's announced second quarter 2026 results, including earnings per share of $3.50, compared to earnings per share of $4.71 in the prior year quarter. The Company also reported “Proforma comps for the Foot Locker Business declined 3.6%,” and stated “[a]s the quarter progressed, conditions across portions of the athletic footwear and apparel marketplace became increasingly promotional.” As a result, the Company slashed its full year guidance, including that expected operating income guidance was cut by $255 million at the midpoint, from $1.75 billion to $1.495 billion.
On this news, Dick's shares fell as much as $53.68 or 29.93% during intraday trading on August 25, 2026.
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