Dick’s Sporting Goods (NYSE:DKS) on Tuesday said it’s expecting 2025 profits to be far lower than Wall Street anticipated, making it the latest retailer to forecast a rocky year ahead as consumers contend with tariffs, inflation and fears around a potential recession.
Executive chairman Ed Stack told reporters the company’s exposure to China, Mexico and Canada for sourcing is very small, but it recognizes that falling consumer confidence could impact spending.
“I do think it’s just a bit of an uncertain world out there right now,” said Stack. “What’s going to happen from a tariff standpoint? You know, if tariffs are put in place and prices rise the way that they might, what’s going to happen with the consumer?”
Still, the company’s comparable sales rose 6.4%, far ahead of the 2.9% growth that analysts expected.
In its fiscal fourth quarter, DKS reported earnings per share: $3.62 vs. $3.53 expected, on revenue of $3.89 billion vs. $3.78 billion expected
The company’s reported net income for the three-month period that ended Feb. 1 was $300 million, or $3.62 per share, compared with $296 million, or $3.57 per share, a year earlier.
Sales rose to $3.89 billion, up about 0.5% from $3.88 billion a year earlier. Like other retailers, Dick’s benefited from an extra week in the year-ago period, which has skewed comparisons. But unlike many of its peers,
Dick’s still managed to grow both sales and profits during the quarter, even with one less selling week.
DKS shares stepped back in price $1.49 to $209.92.
