Telsey Advisory Group analyst Cristina Fernández reiterated the Market Perform rating on Foot Locker, Inc. FL on Friday, raising the price forecast from $20 to $24.Foot Locker shares rocketed premarket on Thursday after the company disclosed a definitive deal to be acquired by Dick’s Sporting Goods Inc DKS which values Foot Locker’s equity at around $2.4 billion and its enterprise at about $2.5 billion.As per the deal, Foot Locker shareholders will have the option to receive either $24 in cash or 0.1168 sha ...

DICK’S Sporting Goods, Inc. (DKS) is acquiring another big athletic footwear retailer Foot Locker, Inc. (FL) . Will this impact Dick’s Sporting Goods’ focus and business alignment? Should you consider buying DKS stock now? Let’s find out –  Dick’s-Foot Locker Deal Explained Dick’s Sporting Goods, recently, decided to acquire Foot Locker for almost $2.4 billion. In the buyout deal, Foot Locker shareholders may receive $24 in cash or 0.1168 shares of Dick’s common stock in place of each share held. The cash o ...

DICK'S Sporting Goods, Inc. (DKS) has announced select preliminary results for first-quarter fiscal 2025. For the same quarter, management expects a comparable sales increase of 4.5%, higher than our model prediction of 2.1% growth. DKS envisions earnings per share (EPS) of $3.24 and adjusted EPS of $3.37. Adjusted EPS view is higher than $3.30 earned in the year-earlier quarter and the Zacks Consensus Estimate of $3.21.(See the Zacks Earnings Calendar to stay ahead of market-making news.)DICK'S Sporting is ...

ToplineDick’s Sporting Goods, the retail market share leader in sporting goods, will acquire Foot Locker, the world’s largest specialty footwear retailer, for $2.4 billion, nearly tripling total store count, expanding its global presence and further solidifying leadership in both the performance athletic sector and the broader sneaker and sportswear markets.CHICAGO, ILLINOIS - MARCH 11: Merchandise is offered for sale at a Dick's Sporting Goods store on ... More March 11, 2025 in Chicago, Illinois. Faced wi ...

DICK’S Sporting Goods (DKS) M&A Announcement May 15, 2025 09:00 AM ET Speaker0 Ladies and gentlemen, thank you for standing by. My name is Krista, and I will be your conference operator today. At this time, I would like to welcome everyone to the DICK'S Sporting Goods Acquisition of Foot Locker Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. Thank you. And I would now like to turn the conference ov ...

ans Foot Locker ACQUISITION OF FOOT LOCKER MAY 15, 2025 0.00000000000000000000000000 ● ● ����������������������������� 0 0 . . ● ● .. . . . . . . 2 . 3 CREATING A GLOBAL LEADER IN THE SPORTS RETAIL INDUSTRY DICK®S $21B FY24 REVENUE 52 BBT 26 COUNTRIES 3.266 STORES "$300B FY24 TOTAL ADDRESSABLE GLOBAL MARKET ACROSS THE SPORTS RETAIL INDUSTRY DICK'S SPORTS CHANGE LIVES . . Represents a non-6AM ? Trancial measure. See the Company's website at investors.00CKS: con for a resonctiliation of this measure to the mo ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): May 15, 2025 DICK'S SPORTING GOODS, INC. (Exact Name of Registrant as Specified in Charter) (State or Other Jurisdiction of Incorporation) (Commission File No.) Delaware 001-31463 16-1241537 (IRS Employer Identification No.) WASHINGTON, D.C. 20549 FORM 8-K 345 Court Street, Coraopolis, PA 15108 (Address of Principal Executive ...

Acquisition News - Dick's Sporting Goods is reportedly close to acquiring Foot Locker for approximately $2.3 billion, with a potential deal finalization as soon as May 15 [1] - Both companies have been affected by discussions of new U.S. tariffs, impacting their stock performance [2] Financial Performance - Foot Locker's fourth-quarter sales decreased by 5.8% to $2.24 billion, while comparable sales increased by 2.6%, marking the third consecutive quarter of positive comparable sales [3] - For the full fiscal year of 2024, Foot Locker's total revenue declined by 2.2% to $7.99 billion, with guidance for sales growth ranging from 0.5% to 1% and comparable sales expected to rise by 1% to 2.5% [3] - Dick's Sporting Goods reported a record comparable sales increase of 6.4% in the fourth quarter and forecasts sales growth of 1% to 3% for the year [4][5] Market Context - Dick's Sporting Goods shares have decreased by 8% this year, while Foot Locker shares have seen a significant decline of 40% as of the latest report [2] - In a related market development, private equity firm 3G Capital has agreed to acquire sneaker brand Skechers for $9.4 billion [2]

Core Viewpoint - Dick's Sporting Goods is nearing a deal to acquire Foot Locker for approximately $2.3 billion, representing a significant premium over Foot Locker's recent stock price [1][3]. Group 1: Deal Details - The proposed acquisition price for Foot Locker is $24 per share, which indicates an 86.5% premium compared to the stock's last closing price [1]. - The deal could potentially be finalized as soon as Thursday [3][6]. Group 2: Market Reaction - Following the news of the acquisition, shares of Foot Locker experienced a surge of 62% in extended trading [3][4]. - In contrast, shares of Dick's Sporting Goods saw a decline of approximately 5% [3][4]. Group 3: Company Responses - Neither Dick's Sporting Goods nor Foot Locker provided immediate comments regarding the acquisition discussions [5].

Core Insights - DICK'S Sporting Goods is enhancing customer experience through strategic merchandising initiatives and store-related efforts, focusing on an omnichannel approach to engage athletes effectively [1][6] Strategic Initiatives - The company has transformed its traditional 50,000 square-foot store format into the Field House concept, inspired by House of Sport, which includes interactive experiences and unique presentations [2] - Field House stores have shown strong performance, with 15 new locations opened in fiscal 2024, totaling 26, and plans to add 18 more in the current fiscal year, aiming for 44 locations by year-end [3] - The GameChanger app has attracted approximately 9 million unique users in fiscal 2024, with an average of 1.8 million daily active users in the fourth quarter, enhancing athlete engagement beyond traditional shopping [4] - DICK'S Media Network, a new retail media platform leveraging the Scorecard loyalty program, has garnered strong initial interest and is expected to contribute to long-term sales growth and improved margins [5] Financial Performance and Projections - The company is experiencing brand strength and market share gains, with management committed to digital innovation to capture additional sales and enhance overall profitability [6] - In the fourth quarter of fiscal 2024, adjusted SG&A expenses rose by 7.8%, leading to a 101 basis points deleverage as a percentage of sales, with expectations of further deleverage in the first half of fiscal 2025 [7][8] - The Zacks Consensus Estimate for fiscal 2025 sales is $13.85 billion, reflecting a 3.1% year-over-year growth, while EPS is projected at $14.32, indicating a 1.9% increase [12]