Dick's Sporting Goods Trims Profit Outlook Amid Foot Locker Overhaul

Dick's Sporting Goods has trimmed its profit outlook, citing pressure on margins due to Foot Locker's ongoing overhaul. While Foot Locker returned to growth, its performance impacted Dick's earnings.

27 May, 11:24 — 27 May, 11:24

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cnbcMostly Factual8h ago

Foot Locker returns to growth but weighs on Dick's Sporting Goods as earnings miss

Since acquiring Foot Locker, Dick's Sporting Goods sales have surged, but its profitability has taken a hit given the high costs of the brand's turnaround.

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First report: cnbc · 27 May, 11:24|Full coverage: 2 · 47m|Window: 47m

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cnbc27 May, 11:24First to report

Foot Locker returns to growth but weighs on Dick's Sporting Goods as earnings miss

Reuters27 May, 12:11Latest update

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Dick's Sporting Goods Trims Profit Outlook Amid Foot Locker Overhaul

Sources

Foot Locker returns to growth but weighs on Dick's Sporting Goods as earnings miss

Coverage Timeline

Foot Locker returns to growth but weighs on Dick's Sporting Goods as earnings miss

Dick's Sporting Goods trims profit outlook as Foot Locker overhaul pressures margins - Reuters

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