Dick’s Sporting Goods, Inc. (NYSE: DKS), a leading omnichannel sporting goods retailer, has reported preliminary results for the first quarter of fiscal 2025.
As per unaudited estimates, Dick’s Sporting’s comparable sales grew 4.5% year-over-year in the first quarterThe company’s earnings per diluted share for Q1 2025 is $3.24, as per initial estimatesIt posted adjusted earnings of $3.37 per share for the April quarter, excluding special itemsThe company said it is on track to complete its proposed acquisition of Foot Locker The Foot Locker deal is expected to accelerate the company’s global reach and drive value for its stakeholders The transaction implies an equity value of around $2.4 billion and an enterprise value of approximately $2.5 billionThe acquisition is subject to Foot Locker shareholder approval and other customary closing conditionsDick’s Sporting is scheduled to report final Q1 results on Wednesday, May 28, 2025, before the opening bell
