Dick’s Sporting Goods’ Core Business Grows 4.9%, but Foot Locker Losses and Weak Guidance Send Shares Tumbling

Dick's Sporting Goods stock plummeted 30% after missing earnings estimates and slashing guidance. While the core Dick's business grew 4.9% in comparable sales, the recently acquired Foot Locker unit suffered a 3.6% decline and posted a $32 million loss. Management now expects Foot Locker to have negative comparable sales throughout 2026 and projects losses of $40-80 million, down from prior expectations of $110-150 million profit.