DICK’S Sporting Goods posted $5.16 billion in consolidated net sales for Q1 2026 – its first full reporting period including Foot Locker – and raised the low end of its full-year comparable sales outlook for both operating segments.
DICK’S Sporting Goods reported consolidated net sales of $5.16 billion in the first quarter of fiscal 2026, its first full reporting period to include the acquired Foot Locker business, and raised the low end of its full-year comparable-sales outlook for both operating segments.
The results, released May 27, cover the 13 weeks ended May 2, 2026. Comparisons with the prior year are affected by the September 2025 acquisition of Foot Locker, which contributed $1.79 billion in net sales in the quarter.
Two businesses and two trajectories
The DICK’S core segment posted comparable-sales growth of 6 percent, extending a multi-year stretch of market share gains. Growth was broad-based across footwear, apparel and hardlines, with both average ticket and transaction count higher than a year earlier.
Women’s basketball was among the quarter’s stronger categories. Executive Chairman Ed Stack cited athlete endorsers including Sabrina Ionescu and A’ja Wilson as drivers of demand across both the DICK’S and Foot Locker businesses.
Trading cards and collectibles also added sales. The category carries a lower gross-margin rate than the chain average, but management said it was incremental, bringing new customers into stores and increasing purchase frequency without displacing higher-margin volume.
Foot Locker’s pro forma comparable sales turned positive for the first time since Q4 2024, rising 0.6 percent globally. North America increased 1.4 percent. The US Foot Locker banner delivered 6.4 percent comparable-sales growth.
| DICK’S Sporting Goods — Q1 2026 Consolidated Operating Results | |||
| 13 weeks ended May 2, 2026 ($ millions, except per share data)* | |||
| May 2, 2026 | May 3, 2025 | Change | |
| Net sales | $5,165 | $3,175 | 62.7% |
| Operating income (% of net sales) | 8.7% | 11.5% | -281 bps |
| Effective tax rate | 28.3% | 24.0% | 434 bps |
| Net income | $320 | $264 | 21.0% |
| Weighted average diluted shares outstanding | 90 | 81 | 11.0% |
| Earnings per diluted share | $3.54 | $3.24 | 9.0% |
Source: DICK’S Sporting Goods, Inc. Q1 2026 earnings release, May 27, 2026. All figures in USD millions.
Fast Break delivered early proof points
The Fast Break initiative, a lower-cost store remodel format focused on a tighter footwear assortment and refreshed merchandising, expanded from a small pilot to about 100 locations globally during the quarter. The company said Fast Break stores delivered double-digit comparable sales growth and higher merchandise margins.
DICK’S expects to reach about 250 Fast Break locations across Foot Locker, Kids Foot Locker and Champs Sports by back-to-school, with additional rollouts planned ahead of the holiday season.
Segment profitability and margin drivers
At segment level, the DICK’S Business generated operating income of $361 million, equal to 10.69 percent of net sales. The Foot Locker Business posted operating income of $17.5 million, or 0.98 percent of net sales – a return to profitability after a period of restructuring losses.
The DICK’S Media Network, which sells targeted advertising inventory across House of Sport locations and digital channels, is also growing quickly and adding margin dollars that help offset category-level mix pressure.
| DICK’S Sporting Goods — Q1 2026 Segment Breakdown | ||
| 13 weeks ended May 2, 2026 ($ millions)* | ||
| May 2, 2026 | May 3, 2025 | |
| Net sales | ||
| DICK’S Sporting Goods | $3,377 | $3,175 |
| Foot Locker | 1,787 | – |
| Total net sales | $5,165 | $3,175 |
| Gross profit | ||
| DICK’S Sporting Goods | $1,227 | $1,165 |
| Foot Locker | 499 | – |
| Corporate and other expenses (1) | -43 | – |
| Total gross profit | $1,683 | $1,165 |
| Segment profit | ||
| DICK’S Sporting Goods | $361 | $360 |
| Foot Locker | 17 | – |
| Reconciliation to pre-tax income | ||
| Corporate and other income (2) | -72 | -6 |
| Interest expense | 18 | 12 |
| Other (income) expense | -13 | 6 |
| Pre-tax income | $446 | $348 |
Source: DICK’S Sporting Goods, Inc. Q1 2026 earnings release, May 27, 2026. Figures converted from thousands to millions and rounded. (1) Charges to write down and liquidate Foot Locker inventory. (2) Includes litigation and other settlements and deferred compensation plan adjustments, partially offset by Foot Locker acquisition-related costs.
Store rationalization continues
Foot Locker’s owned and licensed store count fell from 2,561 to 2,483 during the quarter, reflecting 88 closures and 10 openings. The North American WSS banner accounted for 43 of the closures as part of an ongoing review of unproductive assets.
GameChanger as a lighthouse project
On the platform side, GameChanger, the company’s youth sports live-streaming and communications product, hit a Q1 record, with about 50 percent of all games on the platform streamed live. In the most recent month alone, more games were streamed via GameChanger than have been played across the entire history of Major League Baseball, underscoring the scale of the company’s reach into youth sport participation.
Guidance updated, nearly flat
The company lifted its full-year revenue outlook, projecting consolidated net sales of $22.1 billion to $22.4 billion, after reporting $5.16 billion in net sales in Q1 — its first fully consolidated quarter including Foot Locker.
