Dick’s Sporting Goods maintains its complete financial projections for both earnings and revenue throughout the year despite facing challenges from tariffs and macroeconomic uncertainties. The company predicts fiscal 2025 earnings between $13.80 and $14.40 per share and revenue between $13.6 billion and $13.9 billion which matches Wall Street predictions.
CEO Lauren Hobart explained that operational excellence combined with a successful start to the year enables the company to feel confident about its performance. She emphasized that the company’s performance shows how well its long-term strategies are working.
During the fiscal first quarter ending May 3 Dick’s Sporting Goods achieved $3.37 (adjusted) earnings per share while generating $3.17 billion in revenue which represented a 5% annual increase. The company generated $264 million in net income during this period although acquisition expenses reduced the overall profit slightly.
The $2.4 billion acquisition of Foot Locker by the company allows it to expand its global presence and reach customers who focus on sneakers. The acquisition of Foot Locker generates mixed opinions among analysts because some view it as a risky move but others believe it represents a strategic growth opportunity.
