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Dick’s Cuts Full-Year Earnings Guidance, Shares Plunge 22%

8/26/2026

35 2 Full Breakdown

Summary

Dick's Cuts Guidance

Dick’s Sporting Goods cut its full-year earnings guidance, sending shares down roughly 22%-30%.
It lowered full-year EPS outlook to $10.94-$11.94 from $13.27-$14.27.
Full-year net-sales guidance fell to $21.9-$22.2 billion, below the prior $22.1-$22.4 billion range.
Q2 net sales reached $5.59 billion, missing the $5.65 billion analyst estimate.
Foot Locker same-store sales fell 3.6% year-over-year, dragging overall results.

Summary

Dick's Elevates Sales

Dick’s “House of Sport” concept boosts athlete engagement and sales, CEO Lauren Hobart said.
Dick’s relaunched Scorecard membership with a $99-per-year tier to increase loyalty.
The retailer received $59 million in tariff refunds, easing footwear cost pressures.
Performance and running shoes sell strongly while lifestyle sneaker sales decline.
Stores in Europe, the Middle East and Africa apply deeper discounts than North America.

History

Historical Context

Sports Authority, which peaked at 463 stores in 45 states, filed Chapter 11 on March 2 2016 and entered Chapter 7 liquidation by May 18 2016. Its failure echoed earlier sporting-goods collapses such as Herman’s World (1993) and the 2004 Galyan’s acquisition by Dick’s Sporting Goods, reflecting the ongoing retail-apocalypse trend. Dick’s later bought the brand and most assets.

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Dick's Cuts Guidance

Dick’s Sporting Goods cut its full-year earnings guidance, sending shares down roughly 22%-30%.
It lowered full-year EPS outlook to $10.94-$11.94 from $13.27-$14.27.
Full-year net-sales guidance fell to $21.9-$22.2 billion, below the prior $22.1-$22.4 billion range.
Q2 net sales reached $5.59 billion, missing the $5.65 billion analyst estimate.
Foot Locker same-store sales fell 3.6% year-over-year, dragging overall results.

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