0.24%Following its recent plans of a Foot Locker takeover, Dick’s Sporting Goods has reported record first quarter sales for Q1 2025 with a total revenue of $3.18 billion.
Founded back in 1948 by Richard “Dick” Stack in Binghamton, New York as a fishing tackle store Dick’s Sporting Goods has grown to become one of the biggest sporting goods retailers in the USA. Boasting 700 plus stores across the USA, Dick’s recently worked with some of the top US athletes on their latest marketing campaign which included Tom Brady, Kevin Durant, Suni Lee & Travis Hunter. Following the news that Dick’s Sporting Goods were acquiring Foot Locker in a $2.4 billion deal a few weeks back, the Pittsburgh based powerhouse has now delivered record first quarter sales with a total of $3.18 billion sales for Q1 2025, which were up 5.2% from the same period last year. Net income for the quarter was $264 million, or $3.24 per diluted share. For the full fiscal year the Sporting Goods store now expects total sales of between $13.6 billion & $13.9 billion, which would beat its record revenue for 2024 of $13.4 billion which was reported back in March 2025.
The official date of the acquisition of Foot Locker is not known at this stage, although it is expected to go through by the end of 2025 pending shareholder approval at Foot Locker. The deal will be financed through various loans made available to the sporting goods store and is set to go down in history as one of the biggest takeovers in sportswear retail history. Also don’t forget to subscribe to KULT & follow @kult_recruit to keep up to date with all the latest industry news.
Our Q1 comps (comparable company analysis) 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 percent. Our first quarter gross margin expanded, and we delivered non-GAAP EPS (earnings per share) ahead of the prior year.
Lauren Hobart – CEO Dick’s Sporting Goods
