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AI brief of an SEC Form 8-K · Dick's Sporting Goods (DKS)

DICK'S Sporting Goods cuts 2026 Foot Locker outlook; Q2 EPS falls to $3.50

Mixed Impact 4 of 5 guidance Written later

DICK'S reported second-quarter 2026 GAAP net sales of $5.6 billion, up from $3.6 billion a year earlier, mainly because of the Foot Locker acquisition, while GAAP earnings per diluted share fell 26% to $3.50. The company lowered its full-year 2026 Foot Locker comparable sales and operating income outlook, citing challenging athletic footwear conditions, but kept its DICK'S Business comparable sales outlook unchanged, which matters to shareholders because Foot Locker now makes up a large share of results.

Key points

  • Q2 GAAP EPS $3.50 vs. $4.71 a year earlier; non-GAAP EPS $3.53 vs. $4.38; 9.6 million shares issued for Foot Locker dilute per-share results.
  • DICK'S Business comparable sales rose 4.9%; Foot Locker proforma comparable sales fell 3.6%.
  • Full-year 2026 outlook: Foot Locker comparable sales now negative 2.0% to 0.0% and Foot Locker segment loss of $(80) million to $(40) million; DICK'S comparable sales outlook maintained at 2.5% to 4.0%.
  • Quarterly dividend of $1.25 per share, payable September 25, 2026, to holders of record on September 11, 2026.

The filing

CompanyDick's Sporting Goods (DKS)
Form8-K, current report
Filed with the SECAug 25, 2026, 7:01 AM ET
Accession number0001089063-26-000033

Items reported: 2.02 Results of Operations8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:12 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 25, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.