DICK'S Sporting Goods Lifts 2025 Outlook

DICK'S Sporting Goods(NYSE:DKS) reported second quarter 2025 earnings on July 24, 2025, posting 5% comparable sales (comp) growth and non-GAAP EPS of $4.38, and raising full-year comparable sales and EPS guidance. Notable strategic highlights include accelerated House of Sport and Fieldhouse openings, strong momentum in owned and e-commerce channels, and anticipation of the transformationalFoot Locker(NYSE:FL) acquisition closing September 8. The following key insights focus on the company's sustained competitive strengths, integration priorities, and digital initiatives shaping its long-term investment thesis.

Gross profit reached $1.35 billion, or 37.06% of net sales, expanding 33 basis points year-over-year (YoY), while non-GAAP selling, general, and administrative expenses (SG) rose 9.9% to $864 million and deleveraged by 105 basis points. This SG deleverage resulted from planned investments into digital infrastructure, store format innovation, and marketing required for long-term growth, as discussed on a non-GAAP basis.

This disciplined approach to margin management illustrates a willingness to trade near-term expense leverage for future market leadership.

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Source Fool.com