Dick’s Sporting Items, Inc. (NYSE: DKS), a number one omnichannel sporting items retailer, has reported preliminary outcomes for the primary quarter of fiscal 2025.
As per unaudited estimates, Dick’s Sporting’s comparable gross sales grew 4.5% year-over-year within the first quarterThe firm’s earnings per diluted share for Q1 2025 is $3.24, as per preliminary estimatesIt posted adjusted earnings of $3.37 per share for the April quarter, excluding particular itemsThe firm stated it’s on observe to finish its proposed acquisition of Foot Locker The Foot Locker deal is predicted to speed up the corporate’s world attain and drive worth for its stakeholders The transaction implies an fairness worth of round $2.4 billion and an enterprise worth of roughly $2.5 billionThe acquisition is topic to Foot Locker shareholder approval and different customary closing conditionsDick’s Sporting is scheduled to report remaining Q1 outcomes on Wednesday, Might 28, 2025, earlier than the opening bell
