In light of the confirmed merger agreement to acquire Foot Locker, Inc., Dick’s Sporting Goods, Inc. is reporting select preliminary financial results for its first quarter ended May 3, 2025. The comparisons between the two largest players in their respective channels could not be more striking.
- Comparable sales growth of 4.5 percent is expected for the fiscal 2025 first-quarter on top of a 5.3 percent increase in the prior-year Q1 period.
- Earnings per diluted share of $3.24 and non-GAAP earnings per diluted share of $3.37 are forecast, compared to EPS of $3.30 per diluted share in the year-ago quarter.
“We are very pleased with our strong start to the year and our demonstrated sustained growth,” said Lauren Hobart, president and CEO, Dick’s Sporting Goods, Inc. “The strength of our business puts us in a great position for our proposed acquisition of Foot Locker — a transformative step to accelerate our global reach and drive significant value for our athletes, teammates, partners and shareholders.”
The company cautioned that the published unaudited financial information is based on preliminary results and information as of the date hereof and is subject to revision in connection with the company’s financial closing procedures and finalization of the company’s financial statements for the first fiscal quarter of 2025. Actual results for the first quarter may differ materially from these preliminary unaudited financial results.
Image courtesy Dick’s Sporting Goods, Inc.
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See below for SGB Media coverage of the Dick’s SG/Foot Locker merger deal.
EXEC: Dick’s SG and Foot Locker Confirm $2.4 Billion Merger Deal
