🔹 Revenue: $3.65B (Est. $3.61B) 🟢; UP +5.0% YoY
🔹 Non-GAAP EPS: $4.38 (Est. $4.30) 🟢; flat YoY
🔹 Comparable Sales: +5.0% YoY (growth in both ticket & transactions)
Guidance:
🔹 FY25 EPS: $13.90–$14.50 (Est. $14.37) 🟡; raised from $13.80–$14.40
🔹 FY25 Net Sales: $13.75B–$13.95B
🔹 FY25 Comps: +2.0%–3.5% (raised from +1.0%–3.0%)
🔹 FY25 CapEx: ~$1.2B gross / ~$1.0B net
Capital & Shareholder Returns:
🔹 Share Repurchases: $299M YTD (1.4M shares, avg $218.65/sh)
🔹 Dividend: $1.2125/sh (2.7% yield), payable Sep 26, 2025
🔹 Inventories: $3.40B; UP +7% YoY
🔹 Cash: $1.23B; DOWN -27% YoY
🔹 Total Debt: $1.49B (flat YoY)
Strategic & Store Update:
🔹 Net Income: $381M; UP +5% YoY
🔹 Non-GAAP Net Income: $355M; DOWN -2% YoY
🔹 Gross Margin: Expanded YoY (helped EPS beat)
🔹 Opened 1 new House of Sport and 4 new Field House in Q2 (11 new stores YTD)
🔹 Store base: 889 locations, 45.1M sq. ft.
🔹 Continuing remodels & conversions to House of Sport / Field House formats
M&A Update:
🔹 Foot Locker acquisition ($2.4B equity value / $2.5B EV) expected to close Sep 8, 2025
🔹 Consideration: $24 cash OR 0.1168 DKS shares per FL share
CEO / Chairman Commentary:
🔸 “With Q2 comps at 5%, momentum continues to build—reflecting the strength of our strategies and investments.” — Exec. Chairman Ed Stack
🔸 “We are very pleased with strong Q2 results. Comps rose on higher ticket & transactions, and gross margin expanded. We’re raising our FY outlook with confidence in our strategic pillars.” — CEO Lauren Hobart