Jul 2026 (Q2 FY27) — Aug 25, 2026
DICK'S Sporting Goods Q2 FY27 — Strong Core Business Amidst Promotional Headwinds
Read the full callDICK'S Sporting Goods (DKS) earnings
- Aug 2026
- Jul 2026 (Q2 FY27)
- Jan 2026
DICK'S Sporting Goods earnings: last reported Tue, 25 Aug 2026, for the quarter ended Jul 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 5,587 | +53.2% YoY | Quarterly, as filed | Quarter to Aug 2026 | Revenue from operations as filed. |
| Operating margin | 7.9 | −4.5 pts YoY | Operating profit / revenue | Quarter to Aug 2026 | For the quarter; a change is in percentage points. |
| Net profit | 315 | −17.3% YoY | Quarterly, as filed | Quarter to Aug 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
21 of 22 judged targets kept · 34 open · verdicts reflect calls analysed to Apr 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Sixth distribution center (Fort Worth, Texas) opening | open in early part of 2026 | Jul 2024 | we're thrilled to have recently opened our Fort Worth distribution center, enhancing our ability to serve athletes in the fast-growing Texas market and surrounding areas | Achieved |
| Full-year comparable sales growth (DICK'S business) | 2% to 4% | Jan 2026 | we now expect full year comp sales growth in the range of 2.5% to 4% compared to our prior growth expectation of 2% to 4% | Revised Up |
| GameChanger revenue in fiscal 2025 | approximately $150 million | Jan 2025 | Ghosted |
1 of DICK'S SPORTING GOODS, INC.'s 56 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 53 more targets are in the full ledger.
Claimed
- DICK'S business delivered a strong 4.9% comparable sales gain, outpacing the broader industry by nearly 200 basis points.
- DICK'S business gross margin expanded 79 basis points year-over-year, driven by DICK'S Media Network, GameChanger, and tariff refunds.
- Opened 5 new House of Sport and 8 Field House locations in Q2, with these concepts performing extremely well and driving athlete engagement.
- Received approximately $59 million in tariff refunds, with $21 million included in non-GAAP results, helping offset promotional pressures.
- Surpassed back-to-school goal of approximately 250 Fast Break stores globally, with plans for further expansion ahead of the holiday season.
Qualified
- Consolidated non-GAAP gross profit declined 300 basis points to 34.06% of net sales, primarily due to the mix impact from the Foot Locker business.
- Foot Locker pro forma comparable sales declined 3.6% for the quarter, impacted by challenging athletic footwear market conditions and weaker launch product response.
- Foot Locker business recorded an operating loss of $31.9 million, reflecting promotional environment and continued challenges in EMEA.
- Full-year non-GAAP EPS guidance reduced from $13.50-$14.50 to $11-$12, reflecting marketplace pressures and a higher effective tax rate.
- Consolidated non-GAAP operating income was $453.3 million or 8.11% of net sales, down from $475 million or 13.02% last year.
Price
$140.84 +2.83% · +$3.88
Performance −38.8% 1Y
1Y: $230.26 on 14 Oct 2025 → $140.84. High $239.17 (26 Jun 2026), low $121.15 (18 Sept 2026).
- Previous close
- $136.96
- 52-week range
- $121.15 – $239.17
- One year
- −39.86%
Overview
- Symbol
- DKS
- Sector
- Consumer Discretionary
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
21 of 22 judged targets kept · 34 open · verdicts reflect calls analysed to Apr 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Sixth distribution center (Fort Worth, Texas) opening | open in early part of 2026 | Jul 2024 | we're thrilled to have recently opened our Fort Worth distribution center, enhancing our ability to serve athletes in the fast-growing Texas market and surrounding areas | Achieved |
| Full-year comparable sales growth (DICK'S business) | 2% to 4% | Jan 2026 | we now expect full year comp sales growth in the range of 2.5% to 4% compared to our prior growth expectation of 2% to 4% | Revised Up |
| GameChanger revenue in fiscal 2025 | approximately $150 million | Jan 2025 | Ghosted |
Claimed
- DICK'S business delivered a strong 4.9% comparable sales gain, outpacing the broader industry by nearly 200 basis points.
- DICK'S business gross margin expanded 79 basis points year-over-year, driven by DICK'S Media Network, GameChanger, and tariff refunds.
- Opened 5 new House of Sport and 8 Field House locations in Q2, with these concepts performing extremely well and driving athlete engagement.
- Received approximately $59 million in tariff refunds, with $21 million included in non-GAAP results, helping offset promotional pressures.
- Surpassed back-to-school goal of approximately 250 Fast Break stores globally, with plans for further expansion ahead of the holiday season.
Qualified
- Consolidated non-GAAP gross profit declined 300 basis points to 34.06% of net sales, primarily due to the mix impact from the Foot Locker business.
- Foot Locker pro forma comparable sales declined 3.6% for the quarter, impacted by challenging athletic footwear market conditions and weaker launch product response.
- Foot Locker business recorded an operating loss of $31.9 million, reflecting promotional environment and continued challenges in EMEA.
- Full-year non-GAAP EPS guidance reduced from $13.50-$14.50 to $11-$12, reflecting marketplace pressures and a higher effective tax rate.
- Consolidated non-GAAP operating income was $453.3 million or 8.11% of net sales, down from $475 million or 13.02% last year.
The full ledger
Open DICK'S SPORTING GOODS, INC.’s full ledger
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Call summaries
Apr 2026 (Q1 FY27) — May 27, 2026
DICK'S Sporting Goods Q1 FY27 — Strong Core Business Performance and Foot Locker Turnaround Progress
Read the full callJan 2026 (Q4 FY26) — Mar 12, 2026
DICK'S Sporting Goods Q4 FY26 — Strong Core Performance and Foot Locker Turnaround Progress
Read the full callEvery analysed call
DICK'S Sporting Goods earnings calls (DKS)
Financials
What the filings say
Net profit, year on year: −17% (quarter to aug 2026 against aug 2025).
| Line item | Nov 2024 | Feb 2025 | May 2025 | Aug 2025 | Nov 2025 | Jan 2026 | May 2026 | Aug 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 3,057 | 3,894 | 3,175 | 3,647 | 4,168 | 6,226 | 5,165 | 5,587 |
| Operating profit | 286 | 387 | 366 | 452 | 93 | 185 | 451 | 441 |
| Operating margin | 9.4% | 9.9% | 11.5% | 12.4% | 2.2% | 3.0% | 8.7% | 7.9% |
| Interest | 13 | 13 | 12 | 16 | 18 | 18 | 18 | 18 |
| Profit before tax | 297 | 397 | 348 | 510 | 104 | 180 | 446 | 438 |
| Tax rate | 23.3% | 24.5% | 24.0% | 25.2% | 28.0% | 28.7% | 28.3% | 28.0% |
| Net profit | 228 | 300 | 264 | 381 | 75 | 128 | 320 | 315 |
| EPS ($ per share) | 2.83 | — | 3.33 | 4.82 | 0.88 | — | 3.61 | 3.55 |
| Line item | Feb 2019 | Feb 2020 | Jan 2021 | Jan 2022 | Jan 2023 | Feb 2024 | Feb 2025 | Jan 2026 |
|---|---|---|---|---|---|---|---|---|
| Reserves | 2,455 | 2,645 | 3,065 | 3,957 | 4,878 | 5,589 | 6,393 | 6,828 |
| Total liabilities | 2,283 | 4,897 | 5,413 | 6,940 | 6,468 | 6,694 | 7,260 | 11,871 |
| Fixed assets | 1,565 | 1,416 | 1,300 | 1,320 | 1,313 | 1,638 | 2,070 | 3,513 |
| Total assets | 4,187 | 6,629 | 7,753 | 9,042 | 8,992 | 9,312 | 10,459 | 17,411 |
| Line item | Feb 2019 | Feb 2020 | Jan 2021 | Jan 2022 | Jan 2023 | Feb 2024 | Feb 2025 | Jan 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 713 | 405 | 1,553 | 1,617 | 922 | 1,527 | 1,312 | 1,537 |
| Cash from investing | -198 | -129 | -224 | -344 | -393 | -615 | -797 | -1,054 |
| Cash from financing | -502 | -320 | 260 | -288 | -1,248 | -1,036 | -626 | -821 |
| Net cash flow | 12 | -44 | 1,589 | 985 | -719 | -123 | -111 | -337 |
| Capital expenditure | -198 | -217 | -224 | -308 | -364 | -587 | -803 | -1,137 |
| Free cash flow | 515 | 187 | 1,329 | 1,309 | 558 | 940 | 509 | 400 |
DKS revenue by segment
| Segment | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q1 FY2027 | Q2 FY2027 | YoY growth latest quarter |
|---|---|---|---|---|---|---|
| DICKS | — | — | 78% | 65% | 69% | — |
| Foot Locker | — | — | 22% | 35% | 30% | — |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
DKS operating KPIs by quarter
| KPI | Jan 2026 Q4 FY26 | Apr 2026 Q1 FY27 | Jul 2026 Q2 FY27 | Change vs prior quarter |
|---|---|---|---|---|
| Employees | 100K+Before I turn it over to Lauren, I want to thank our more than 100,000 teammates across the globe for their commitment and their execution every day.Source: earnings call transcript | 100K+We delivered a very strong first quarter, and I want to thank our more than 100,000 teammates around the globe for their commitment and execution.Source: earnings call transcript | 100K+Before I turn it over to Lauren, I'd like to thank our more than 100,000 teammates across the globe for their commitment and their execution every day.Source: earnings call transcript | — |
| New stores opened House of Sport | — | 1In Q1, we opened one House of Sport location and 2 field house locations, and our plans are on track to open approximately 13 and 20 more, respectively, for this year.Source: earnings call transcript | 5During Q2, we opened 5 House of Sport locations and 8 Field House locations.Source: earnings call transcript | +400% |
| New stores opened Field House | — | 2In Q1, we opened one House of Sport location and 2 field house locations, and our plans are on track to open approximately 13 and 20 more, respectively, for this year.Source: earnings call transcript | 8During Q2, we opened 5 House of Sport locations and 8 Field House locations.Source: earnings call transcript | +300% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Revenue by region
Q2 FY2027 · share of revenue
- US 90% ↓ 2 pt
- Non Us 10% ↑ 2 pt
As DKS cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
66 filings between Nov 26, 2025 and Oct 3, 2026.
Open market
decisions to buy or sellPurchases
$5.59M
9 purchases by 7 insiders
Sales
$47.12M
9 sales by 3 insiders
Compensation
not trading decisions- 28
- Award — granted as compensation
- 4
- Option exercise — converted options into shares
- 13
- Tax withheld — shares kept back by the company to cover tax
Also filed: 3 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| STACK EDWARD W | — | $41.61M | Mar 31, 2026 |
| Hobart Lauren R | — | $4.58M | May 28, 2026 |
| Barrenechea Mark J | $2.22M | — | Aug 27, 2026 |
| Gupta Navdeep | $1000.0K | — | Sep 22, 2026 |
| Lodge-Jarrett Julie | — | $925.5K | Apr 17, 2026 |
| COLOMBO WILLIAM J | $907.1K | — | Sep 1, 2026 |
| Eddy Robert W. | $514.8K | — | Aug 26, 2026 |
| Barnes Matthew | $499.9K | — | Sep 30, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 3, 2026 | Freeman Ann President - Foot Locker NA | Tax withheld | 549 | $74.7K |
| Sep 30, 2026 | Barnes Matthew President - Foot Locker Intl | Purchase | 3,665 | $499.9K |
| Sep 23, 2026 | Fitzgerald Larry Jr. Director | Purchase | 1,860 | $244.9K |
| Sep 22, 2026 | Gupta Navdeep EVP, Chief Financial Officer | Purchase | 7,707 | $1000.0K |
| Sep 3, 2026 | Baran Elizabeth H. SVP, General Counsel | Tax withheld | 68 | $9.5K |
| Sep 1, 2026 | COLOMBO WILLIAM J Director | Purchase | 913 | $121.6K |
| Aug 27, 2026 | Barrenechea Mark J Director | Purchase | 17,000 | $2.22M |
| Aug 27, 2026 | COLOMBO WILLIAM J Director | Purchase | 1,100 | $141.9K |
| Aug 26, 2026 | COLOMBO WILLIAM J Director | Purchase | 5,000 | $643.6K |
| Aug 26, 2026 | Eddy Robert W. Director | Purchase | 4,000 | $514.8K |
| Aug 26, 2026 | MATHRANI SANDEEP Director | Purchase | 1,550 | $199.8K |
| Jun 24, 2026 | STACK EDWARD W Executive Chairman | Option exercise | 958,466 | $10.84M |
| Jun 24, 2026 | STACK EDWARD W Executive Chairman | Tax withheld | 442,692 | $104.89M |
| Jun 10, 2026 | CHIRICO EMANUEL Director | Award | 838 | $0 |
| Jun 10, 2026 | COLOMBO WILLIAM J Director | Award | 838 | $0 |
| Jun 10, 2026 | Fink Anne Director | Award | 838 | $0 |
| Jun 10, 2026 | Ralls-Morrison Desiree Director | Award | 838 | $0 |
| Jun 10, 2026 | SCHORR LAWRENCE J Director | Award | 838 | $0 |
| Jun 10, 2026 | Eddy Robert W. Director | Award | 838 | $0 |
| Jun 10, 2026 | Barrenechea Mark J Director | Award | 838 | $0 |
| Jun 10, 2026 | MATHRANI SANDEEP Director | Award | 838 | $0 |
| Jun 10, 2026 | Fitzgerald Larry Jr. Director | Award | 838 | $0 |
| May 28, 2026 | Hobart Lauren R President & CEO | Sale | 13,292 | $3.04M |
| May 28, 2026 | Hobart Lauren R President & CEO | Sale | 6,791 | $1.55M |
| May 28, 2026 | Hobart Lauren R President & CEO | Option exercise | 20,083 | $227.1K |
| Apr 20, 2026 | Lodge-Jarrett Julie EVP, Chf People & Purpose Ofcr | Gift | 150 | $0 |
| Apr 17, 2026 | Lodge-Jarrett Julie EVP, Chf People & Purpose Ofcr | Option exercise | 4,140 | $53.1K |
| Apr 17, 2026 | Lodge-Jarrett Julie EVP, Chf People & Purpose Ofcr | Sale | 1,640 | $372.7K |
| Apr 17, 2026 | Lodge-Jarrett Julie EVP, Chf People & Purpose Ofcr | Sale | 2,500 | $552.8K |
| Apr 3, 2026 | Barnes Matthew President - Foot Locker Intl | Award | 3,912 | $0 |
| Apr 3, 2026 | Baran Elizabeth H. SVP, General Counsel | Tax withheld | 438 | $84.0K |
| Apr 3, 2026 | Baran Elizabeth H. SVP, General Counsel | Award | 1,630 | $0 |
| Apr 3, 2026 | Sliva Raymond A. Jr. EVP, Stores | Tax withheld | 2,341 | $448.9K |
| Apr 3, 2026 | Sliva Raymond A. Jr. EVP, Stores | Award | 3,260 | $0 |
| Apr 3, 2026 | Freeman Ann President - Foot Locker NA | Award | 3,912 | $0 |
| Apr 3, 2026 | Lodge-Jarrett Julie EVP, Chf People & Purpose Ofcr | Award | 5,868 | $0 |
| Apr 3, 2026 | Lodge-Jarrett Julie EVP, Chf People & Purpose Ofcr | Tax withheld | 2,122 | $406.9K |
| Apr 3, 2026 | Rak Vladimir EVP, Chief Technology Officer | Tax withheld | 3,533 | $677.5K |
| Apr 3, 2026 | Rak Vladimir EVP, Chief Technology Officer | Award | 3,260 | $0 |
| Apr 3, 2026 | Gupta Navdeep EVP, Chief Financial Officer | Tax withheld | 3,767 | $722.3K |
| Apr 3, 2026 | Hobart Lauren R President & CEO | Award | 20,861 | $0 |
| Apr 3, 2026 | Gupta Navdeep EVP, Chief Financial Officer | Award | 4,890 | $0 |
| Apr 3, 2026 | Stack Michael E. 10% owner | Tax withheld | 327 | $62.7K |
| Apr 3, 2026 | Hobart Lauren R President & CEO | Tax withheld | 20,619 | $3.95M |
| Apr 3, 2026 | Stack Michael E. 10% owner | Award | 1,630 | $0 |
| Apr 3, 2026 | STACK EDWARD W Executive Chairman | Tax withheld | 28,211 | $5.41M |
| Apr 3, 2026 | STACK EDWARD W Executive Chairman | Award | 45,633 | $0 |
| Mar 31, 2026 | STACK EDWARD W Executive Chairman | Option exercise | 210,478 | $6.90M |
| Mar 31, 2026 | STACK EDWARD W Executive Chairman | Sale | 11,832 | $2.32M |
| Mar 31, 2026 | STACK EDWARD W Executive Chairman | Sale | 15,940 | $3.19M |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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