Dick's Sporting Goods

DKS Q4 2025 Earnings

Reported Mar 11, 2025 at 7:02 AM ET · SEC Source

Q4 25 EPS

$3.62

BEAT +3.05%

Est. $3.51

Q4 25 Revenue

$3.89B

BEAT +3.35%

Est. $3.77B

vs S&P Since Q4 25

-14.6%

TRAILING MARKET

DKS +15.0% vs S&P +29.6%

Full Year 2025 Results

FY 25 EPS

$14.05

BEAT +0.86%

Est. $13.93

FY 25 Revenue

$13.44B

BEAT +0.95%

Est. $13.32B

Market Reaction

Did DKS Beat Earnings? Q4 2025 Results

Dick's Sporting Goods closed out fiscal 2024 on a high note, delivering a record Q4 that beat expectations on both the top and bottom lines as 6.4% comparable sales growth, fueled by gains in both average ticket and transaction volume, powered the co… Read more Dick's Sporting Goods closed out fiscal 2024 on a high note, delivering a record Q4 that beat expectations on both the top and bottom lines as 6.4% comparable sales growth, fueled by gains in both average ticket and transaction volume, powered the company's largest sales quarter in its history. The retailer posted earnings of $3.62 per diluted share against a consensus estimate of $3.51, a 3.05% beat, while revenue of $3.89 billion topped forecasts by 3.35%, even as net sales grew just 0.5% year over year against a tough prior-period comparison that included a 53rd calendar week. For the full fiscal year, GAAP EPS climbed 15% to $14.05 and gross margin expanded 98 basis points to 35.90%, reflecting the company's improving merchandise mix and operational discipline. The strong results were tempered, however, by a cautious fiscal 2025 outlook, with management guiding EPS of $13.80 to $14.40 on net sales of $13.60 billion to $13.90 billion, citing tariff uncertainties and a dynamic macroeconomic environment as key variables in its conservative stance.

Key Takeaways

  • 6.4% Q4 comparable sales growth, the largest sales quarter in company history
  • Comparable sales growth driven by increases in both average ticket and transactions
  • Gross margin expansion of 54 basis points in Q4 to 34.96% from 34.42%
  • Full year gross margin expansion to 35.90% from 34.92%
  • Full year EBT margin expansion of 115 basis points to 11.3%
  • Significant market share gains during fiscal 2024
  • Strong growth in footwear category
24/7 Wall St

DKS YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

24/7 Wall St

DKS Revenue by Segment

With YoY comparisons, source: SEC Filings

Q3 26 Q4 26

“Our fourth quarter was an exceptionally strong finish to another great year. With a 6.4% Q4 comp we delivered the largest sales quarter in Company history. For the full year, our comps increased 5.2%, we drove meaningful EBT margin expansion, and we gained significant market share. I'd like to thank all our teammates for their hard work and unwavering dedication to our business — at DICK'S, it's our people who make us great, and this strong performance is a direct result of their efforts.”

— Lauren Hobart, Q4 2025 Earnings Press Release