M&A
confidence high
sentiment negative
materiality 0.75
DICK'S Sporting Goods reports pro forma FY26 sales $21.78B, diluted EPS $6.21 after Foot Locker deal
DICK'S SPORTING GOODS, INC.
- Foot Locker acquisition closed 9/8/2025 for ~$2.5B: ~$0.2B cash plus ~9.6M DKS shares.
- Pro forma net sales $21.78B vs DKS historical $17.22B; net income $563.95M vs DKS $849.24M.
- Pro forma diluted EPS $6.21 vs DKS stand-alone $9.97, reflecting Foot Locker's losses.
- Issued $381.9M 4.000% DKS notes due 2029 in exchange for Foot Locker notes; $18.1M remained.
- Pro forma excludes cost savings, revenue synergies, and integration costs; not indicative of actual results.