Q1 26 EPS
$3.37
BEAT +4.89%
Est. $3.21
Q1 26 Revenue
$3.17B
BEAT +1.74%
Est. $3.12B
vs S&P Since Q1 26
+7.9%
BEATING MARKET
DKS +30.5% vs S&P +22.6%
Market Reaction
Did DKS Beat Earnings? Q1 2026 Results
Dick's Sporting Goods opened fiscal 2026 on a strong note, posting record first-quarter revenue of $3.17 billion, a 5.2% increase year-over-year that edged past the $3.12 billion consensus by 1.74%, while non-GAAP diluted EPS of $3.37 cleared the $3.… Read more Dick's Sporting Goods opened fiscal 2026 on a strong note, posting record first-quarter revenue of $3.17 billion, a 5.2% increase year-over-year that edged past the $3.12 billion consensus by 1.74%, while non-GAAP diluted EPS of $3.37 cleared the $3.21 estimate by 4.89%. The driving force behind the quarter was a fifth consecutive comparable sales gain above 4%, with this period's 4.5% comp growth fueled by simultaneous increases in both average ticket and transaction volume, a combination that also helped gross margin expand 41 basis points to 36.70%. The headline story, however, extended well beyond the income statement: Dick's announced a definitive agreement to acquire Foot Locker for approximately $2.40 billion in equity value, a deal management expects to close in the second half of 2025 and that analysts see as a bid to build a global sports retail leader. Footwear was cited as a particularly strong category during the quarter, a positive signal for the broader athletic retail ecosystem. The company reaffirmed its full-year 2025 outlook, guiding for comparable sales growth of 1% to 3% and diluted EPS of $13.80 to $14.40.
Key Takeaways
- • 4.5% comparable sales growth driven by growth in both average ticket and transactions
- • Fifth consecutive quarter with comps over 4.0%
- • Gross margin expansion of 41 basis points year-over-year to 36.70%
- • Non-GAAP EBT margin of 11.4%, up 5 basis points year-over-year
- • Continued momentum from long-term strategic investments in experiential store formats
DKS YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
DKS Revenue by Segment
With YoY comparisons, source: SEC Filings
“We are very pleased with our first quarter results. Our performance demonstrates the momentum and strength of our long-term strategies and the consistency of our execution. Our Q1 comps increased 4.5% driven by growth in both average ticket and in transactions and this was our fifth straight quarter with comps over 4.0%. Our first quarter gross margin expanded and we delivered non-GAAP EPS ahead of the prior year. We are reaffirming our 2025 outlook, which reflects our strong start to the year and confidence in our strategies and operational strength while still acknowledging the dynamic macroeconomic environment.”
— Lauren Hobart, Q1 2026 Earnings Press Release
DKS Earnings Trends
DKS vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
DKS EPS Trend
Earnings per share: estimate vs actual
DKS Revenue Trend
Quarterly revenue: estimate vs actual
DKS Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 26 FY | — | $3.45 | — | $6.23B | +4.64% |
| FY Full Year | $12.77 | $13.20 | +3.34% | $17.22B | +1.63% |
| Q3 26 MISS | $2.71 | $2.07 | -23.49% | $4.17B | -6.02% |
| Q2 26 BEAT | $4.30 | $4.38 | +1.89% | $3.65B | +1.02% |
| Q1 26 BEAT | $3.21 | $3.37 | +4.89% | $3.17B | +1.74% |
| Q4 25 BEAT FY | $3.51 | $3.62 | +3.05% | $3.89B | +3.35% |
| FY Full Year | $13.93 | $14.05 | +0.86% | $13.44B | +0.95% |