US sports retailer Dick’s Sporting Goods has reported record sales for the fourth quarter and full year ended January 31, 2026. The company, which acquired Foot Locker in September 2025, expects further expansion in sales and profitability in the 2026 fiscal year. This is to be achieved through the integration of the new shoe brands.
For the full year 2025, Dick’s reported net sales of $17.2 billion (15 billion euros). This corresponds to an increase of 28.1 percent compared to the previous year. Dick’s core business includes Dick’s Sporting Goods, Golf Galaxy, Public Lands and Going Going Gone!. It reported comparable sales growth of 4.5 percent. This increase was driven by an increase in average cart value and total transactions.
Performance and strategic initiatives
In the fourth quarter, the Dick’s store posted comparable sales growth of 3.1 percent. Chief Executive Officer (CEO) Lauren Hobart emphasized that the company is “perfectly positioned at the intersection of sport and culture.”
During the investor conference, Hobart highlighted that growth is occurring across all categories. Strategic partners such as Nike and Adidas are reinforcing this trend. The retailer is seeing significant momentum in running shoes and team sports. Dick’s has also become the first U.S. wholesale partner for Gymshark. The company is also expanding its collectibles business through a partnership with Fanatics. This will include special shops in all House of Sport locations.
Integration of the Foot Locker business
Since acquiring Foot Locker for $2.5 billion last September, Dick’s has initiated a “clean out of the garage” strategy. This is intended to optimize the shoe retailer’s processes. Executive Chairman Edward Stack explained that a pilot program in 11 stores focused on a “Fast Break” initiative. This simplified merchandising by removing around 30 percent of unproductive range options.
Following strong results from the pilot, the company plans to expand this concept to approximately 250 stores in the US and Europe. This is expected to occur by the Fall/Winter 2026 Back-to-School season (HW26). Stack expressed great confidence in the game plan. The new layout allows consumers to clearly identify “High Heat” products from brands like New Balance and Nike.
Outlook for the 2026 financial year
Dick’s has provided full-year 2026 consolidated guidance. Net sales are forecast to be between $22.1 billion and $22.4 billion. The company expects consolidated operating income to be between $1.71 billion and $1.83 billion.
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