Dick's Sporting Goods forecasts annual sales above estimates on steady demand

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March 12, 2026 8:36 AM EDT

FILE PHOTO: A Dick's Sporting Goods logo is shown on a store in Oceanside, California, U.S., May 15, 2025. REUTERS/Mike Blake/File Photo

March 12 (Reuters) - Dick's Sporting ‌Goods on ​Thursday forecast ​its annual sales above Wall Street expectations after topping quarterly estimates, betting on resilient demand for the ‌retailer's athletic footwear and apparel.

The Pennsylvania-based company's shares were up ⁠about 5% in premarket trading.

Despite consumers cutting back on non-essential spending amid ‌inflation and trade uncertainty, a ‌growing emphasis on health, fitness and comfortable clothing is benefiting sporting goods retailers like Dick's.

It is also benefiting from strong demand ​for popular brands such as On Running and Hoka, helping offset some weakness at legacy brands such as Puma and ⁠Nike.

The company, which has been opening a number of new stores in recent months, ​plans to launch about 14 additional House of Sport locations and about 22 new DICK'S Field House locations ​in 2026.

The full-year adjusted comparable sales ‌for the Foot Locker business, which Dick's bought in a $2.4 billion deal last year, is expected to ⁠rise between 1% and 3%.

"We also look forward to returning the Foot Locker business to both top-line and bottom-line growth in 2026," CEO Lauren Hobart ⁠said.

Dick's Sporting now expects full-year net sales in the range of $22.1 billion to $22.4 ​billion, compared with analysts' estimate of $21.98 billion, according to data compiled by LSEG.

The company forecast annual adjusted profit in the range of $13.50 per share to $14.50 ‌per share, compared to estimates of $14.67 per share.

Sales for the quarter ended January 31, which includes Foot ‌Locker revenue, grew about 60% compared to the previous year, reaching $6.23 ⁠billion and beating estimates of $6.07 ‌billion.

Excluding items, the company ​reported adjusted earnings per share of $3.45, compared with estimates of $2.87.

(Reporting by Koyena Das in Bengaluru; Editing by ‌Vijay Kishore)


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