DKS

EX-99.1

2 dks-2026502xex991earningsr.htm

EX-99.1

Document

Exhibit 99.1

FOR IMMEDIATE RELEASE

DICK'S Sporting Goods, Inc. Reports First Quarter Results

– DICK'S Business Delivers 6.0% Comp Sales Growth –

– Foot Locker Business Returns to Comp Sales Growth and Profitability (A) (B) –

– Raises Low End of 2026 Comp Sales Outlook for Both the DICK'S and Foot Locker Businesses (A) (B) –

●Delivered earnings per diluted share of $3.54 and non-GAAP earnings per diluted share of $2.90 (C) compared to earnings per diluted share of $3.24 and non-GAAP earnings per diluted share of $3.37 in the prior year quarter; Current year results include the dilutive impact of the 9.6 million shares issued in connection with the Foot Locker acquisition

●Scaled the Foot Locker Business's Fast Break initiative to approximately 100 stores globally during the first quarter and remain on track to reach approximately 250 stores by back to school

●Raises low end of full year 2026 guidance for comparable sales growth for both the DICK'S and Foot Locker Businesses:

○DICK'S Business now 2.5% to 4.0%, up from 2.0% to 4.0% previously

○Foot Locker Business (B) now 1.5% to 3.0%, up from 1.0% to 3.0% previously

●Updates full year 2026 consolidated operating income guidance to a range of $1.69 to 1.81 billion, compared to $1.71 to 1.83 billion previously; Raises full year 2026 consolidated non-GAAP operating income guidance to a range of $1.71 to 1.83 billion, up from $1.68 to 1.81 billion previously

●Updates full year 2026 consolidated earnings per diluted share guidance to a range of $13.27 to 14.27, compared to $13.70 to 14.70 previously; Continues to expect full year 2026 non-GAAP earnings per diluted share to be in the range of $13.50 to 14.50

"Sport is one of the hottest categories in the country today, and DICK'S is leading from the front. We’re investing from a position of strength and playing offense for the long term, widening the gap between us and the rest of the industry. Our leadership showed up clearly in our DICK’S Business results this quarter, with 6% comp growth. With Foot Locker, our excitement and confidence continue to build as we execute our plan, and in Q1 we saw encouraging proof points, returning the Foot Locker Business to positive comps and profitability. Our Fast Break initiative, our capital light store remodel program, is delivering exceptional results, with double-digit comps and merchandise margin improvement as we rapidly scale toward approximately 250 stores by back to school. Based on this early progress, we are raising the low end of our full-year comp sales expectation for the Foot Locker Business."

Ed Stack, Executive Chairman

"We're very proud of our company's Q1 results. Sport is driving sustained energy and engagement across the consumer landscape, and our team turned that athlete demand into another very strong quarter of execution. In Q1, we delivered comp sales growth of 6% in the DICK’S Business, with growth in average ticket and transactions, and broad-based strength across footwear, apparel, and hardlines. These strong comps were on top of a 4.5% increase last year and a 5.3% increase in 2024, as we continued to gain market share. Given our continued confidence in the DICK’S Business, we are raising our full-year expectations for comp sales growth and profitability."

Lauren Hobart, President and Chief Executive Officer

PITTSBURGH, May 27, 2026 - DICK'S Sporting Goods, Inc. (NYSE: DKS), a leading global sports retailer, today reported sales and earnings results for the first quarter ended May 2, 2026.

(A)Results described by management for the "DICK'S Business" represent the existing DICK'S Sporting Goods operations, which includes the DICK'S Sporting Goods, Golf Galaxy, Going Going Gone! and Public Lands banners, as well as GameChanger. The results for the "Foot Locker Business" refer to our acquired operations, including the Foot Locker, Kids Foot Locker, Champs Sports, WSS and atmos banners. Profitability for the DICK'S and Foot Locker Businesses represents segment profit, or operating income for a respective segment.

(B)Comparable sales for the Foot Locker Business are represented on a proforma basis and are calculated as if Foot Locker had been acquired at the beginning of the periods presented. Foot Locker will not be included in quarterly comparable sales until the fourth quarter of fiscal 2026 and full year comparable sales in fiscal 2027.

(C)For additional information, see the section of this release titled "Non-GAAP Financial Measures" and GAAP to non-GAAP reconciliations included in tables later in this release under the heading "GAAP to Non-GAAP Reconciliations."

DICK'S SPORTING GOODS, INC. AND SUBSIDIARIES

SUPPLEMENTAL FINANCIAL INFORMATION - UNAUDITED

Information below represents consolidated supplemental financial results for the 13 weeks ended May 2, 2026, which includes the DICK'S and Foot Locker Businesses. Prior period results reflect the DICK'S Business on

dks-202603110001089063false00010890632026-03-112026-03-11

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported):  March 11, 2026

DICK'S SPORTING GOODS, INC.

(Exact name of registrant as specified in its charter) Delaware001-3146316-1241537 (State or Other Jurisdiction of Incorporation) (Commission File Number)(IRS Employer Identification No.)

345 Court Street, Coraopolis, PA 15108 (Address of Principal Executive Offices)

(724) 273-3400 (Registrant's Telephone Number, Including Area Code)

N/A (Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading Symbol(s)Name of each exchange on which registered Common Stock, $0.01 par valueDKSThe New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging Growth Company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

TABLE OF CONTENTS

ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION

3

ITEM 8.01. OTHER EVENTS

3

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS

3

SIGNATURE

4

ITEM 2.02.     RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On March 12, 2026, the Company issued a press release announcing its results for the fourth fiscal quarter ended January 31, 2026 and certain other information that is furnished as Exhibit 99.1 to this Form 8-K.

ITEM 8.01.     OTHER EVENTS

On March 11, 2026, the Board of Directors of Dick's Sporting Goods, Inc. authorized and declared a quarterly dividend in the amount of $1.25 per share on the Company's Common Stock and Class B Common Stock. The dividend is payable in cash on April 10, 2026 to stockholders of record at the close of business on March 27, 2026.

ITEM 9.01.     FINANCIAL STATEMENTS AND EXHIBITS

(d)  Exhibits.

The following exhibits are being furnished pursuant to Item 601 of Regulation S-K and General Instruction B.2 to this Form 8-K:

Exhibit No. Description

99.1 Earnings Press Release dated March 12, 2026 by Dick's Sporting Goods, Inc. furnished herewith 104Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

DICK'S SPORTING GOODS, INC.

Date: March 12, 2026By:/s/ NAVDEEP GUPTA Name:Navdeep Gupta Title:Executive Vice President – Chief Financial Officer

Exhibit Index

Exhibit No. Description

99.1 Earnings Press Release dated March 12, 2026 by Dick's Sporting Goods, Inc. furnished herewith 104Cover Page Interactive Data File (embedded within the Inline XBRL document)

dks-202511240001089063false00010890632025-11-242025-11-24

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported):  November 24, 2025

DICK'S SPORTING GOODS, INC.

(Exact name of registrant as specified in its charter) Delaware001-3146316-1241537 (State or Other Jurisdiction of Incorporation) (Commission File Number)(IRS Employer Identification No.)

345 Court Street, Coraopolis, PA 15108 (Address of Principal Executive Offices)

(724) 273-3400 (Registrant's Telephone Number, Including Area Code)

N/A (Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading Symbol(s)Name of each exchange on which registered Common Stock, $0.01 par valueDKSThe New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging Growth Company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

TABLE OF CONTENTS

ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION

3

ITEM 8.01. OTHER EVENTS

3

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS

3

SIGNATURE

4

ITEM 2.02.     RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On November 25, 2025, the Company issued a press release announcing its results for the third fiscal quarter ended November 1, 2025 and certain other information that is furnished as Exhibit 99.1 to this Form 8-K.

ITEM 8.01.     OTHER EVENTS

On November 24, 2025, the Board of Directors of Dick's Sporting Goods, Inc. authorized and declared a quarterly dividend in the amount of $1.2125 per share on the Company's Common Stock and Class B Common Stock. The dividend is payable in cash on December 26, 2025 to stockholders of record at the close of business on December 12, 2025.

On November 25, 2025, the Company issued a press release announcing the appointment of Matthew Barnes as President of Foot Locker International, effective December 3, 2025. A copy of the press release is furnished as Exhibit 99.2 and incorporated by reference herein.

ITEM 9.01.     FINANCIAL STATEMENTS AND EXHIBITS

(d)  Exhibits.

The following exhibits are being furnished pursuant to Item 601 of Regulation S-K and General Instruction B.2 to this Form 8-K:

Exhibit No. Description

99.1 Earnings Press Release dated November 25, 2025 by Dick's Sporting Goods, Inc. furnished herewith 99.2 Appointment Press Release dated November 25, 2025 by Dick's Sporting Goods, Inc. furnished herewith 104Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

DICK'S SPORTING GOODS, INC.

Date: November 25, 2025By:/s/ NAVDEEP GUPTA Name:Navdeep Gupta Title:Executive Vice President – Chief Financial Officer

Exhibit Index

Exhibit No. Description

99.1 Earnings Press Release dated November 25, 2025 by Dick's Sporting Goods, Inc. furnished herewith 99.2 Appointment Press Release dated November 25, 2025 by Dick's Sporting Goods, Inc. furnished herewith 104Cover Page Interactive Data File (embedded within the Inline XBRL document)