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May 03, 2025
Dick's Q1 2025 Earnings Report
Dick's reported strong Q1 results, delivering record sales and maintaining earnings despite macroeconomic challenges.
Key Takeaways
Dick’s Sporting Goods delivered record Q1 sales with solid EPS and net income, reaffirmed its full-year outlook, and announced plans to acquire Foot Locker.
Delivered record net sales of $3.175 billion in Q1 2025.
Reported EPS of $3.24 and non-GAAP EPS of $3.37.
Achieved 4.5% comparable store sales growth.
Announced a $2.4B acquisition plan of Foot Locker to expand market leadership.
Revenue by Geographic Location
Forward Guidance
Dick’s reaffirmed its FY25 guidance, anticipating moderate sales growth and stable EPS, while excluding Foot Locker acquisition impacts.
Positive Outlook
- Maintains FY25 EPS outlook of $13.80 to $14.40.
- Projects FY25 comparable sales growth of 1.0% to 3.0%.
- Strong Q1 results provide confidence in strategy.
- Capital expenditures expected to be $1.2B gross and $1.0B net.
- No change in guidance despite macroeconomic uncertainty.
Challenges Ahead
- Outlook excludes costs related to Foot Locker acquisition.
- Effective tax rate for FY25 expected at 24%, up from prior year.
- Cash position declined significantly YoY.
- Inventory levels increased by 12% YoY, which could risk overstock.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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