DICK'S Sporting Goods, Inc. Reports Second Quarter Results

The company said second-quarter diluted earnings per share were $3.50, with non-GAAP diluted earnings per share of $3.53. Comparable sales for the DICK'S business rose 4.9%, providing a concrete measure of demand in the quarter. The release also said the 2026 outlook was revised because of a challenging athletic-footwear and apparel marketplace.

The update directly affects DKS, whose enrichment shows $17.2B of revenue, up 28.1% year over year, alongside a 32.9% gross margin and 4.9% net margin. The reported quarterly figures therefore sit alongside a much larger annual revenue base and a business still carrying meaningful gross profitability.

The next read-through is how the revised outlook changes the earnings path relative to the reported $9.97 diluted EPS enrichment figure. Further company commentary on footwear and apparel demand, along with the next earnings release, should clarify whether the marketplace pressure is temporary or broadening beyond those categories.