Dick’s Sporting Goods Inc. shares fell 14.1% in pre-market trading on Tuesday, dropping to $154.14 and marking a new 52-week low after the retailer reported weaker-than-expected quarterly results and sharply reduced its full-year guidance.
The sporting goods chain posted non-GAAP earnings per diluted share of $3.53 for the fiscal second quarter of 2026, missing the consensus estimate of $3.78 by 6.6%. Revenue totaled $5.59 billion, narrowly below the $5.65 billion forecast. Operating margin contracted to 7.9% from 12.4% in the prior-year period, reflecting higher costs and integration challenges tied to its $2.4 billion acquisition of Foot Locker, completed in September 2025.
The company revised its full-year 2026 GAAP EPS guidance to a range of $10.94 to $11.94, a significant reduction from its prior outlook of $13.50 to $14.50 and well below the analyst consensus of approximately $14.20. The Foot Locker segment reported a proforma comparable-sales decline of 3.6% and posted a segment operating loss of $31.9 million, as integration charges, store-model redesign costs, and share dilution weighed on profitability.
JPMorgan maintained an Overweight rating on Dick’s Sporting Goods but lowered its price target to $245 from $270. The broader market showed modest gains, with the S&P 500, Dow Jones, and Nasdaq trading in positive territory, indicating the selloff was driven by company-specific factors rather than broader sector trends.
