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Dick's Sporting Goods Acquires Foot Locker, Sees Record Sales

3/13/2026

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Summary

Story summary

Dick's Sporting Goods acquired Foot Locker for $2.5 billion in September 2025.
The combined company posted record fiscal 2025 sales of $17.22 billion, up 28%.
Net income fell 27.1% to $849 million for fiscal 2025 due to integration costs.
Dick's Sporting Goods expects Foot Locker to return to profitability in 2026, with projected sales growth of 1% to 3%.

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Story summary

Dick's Sporting Goods acquired Foot Locker for $2.5 billion in September 2025.
The combined company posted record fiscal 2025 sales of $17.22 billion, up 28%.
Net income fell 27.1% to $849 million for fiscal 2025 due to integration costs.
Dick's Sporting Goods expects Foot Locker to return to profitability in 2026, with projected sales growth of 1% to 3%.