Dick’s reported that Foot Locker’s fortunes are turning around but still harming its bottom line.
During its quarterly report ending May 2, Dick’s reported $96.5 million in charges related to the acquisition of Foot Locker, CNBC reported.
Foot Locker did see a sales growth of 0.6%, its first rise since the end of fiscal 2024. Dick’s sales rose 6%.
Dick’s expects its own sporting goods business to rise between 2.5% and 4%, up from 2% to 4%, and it expects Foot Locker will grow between 1.5% and 3% over 2026.
