08:00 AM EST, 11/25/2025 (MT Newswires) -- (Updates with Footlocker acquisition completion in seventh and eight paragraphs.)

Dick's Sporting Goods (DKS) reported fiscal Q3 non-GAAP earnings Tuesday of $2.07 per diluted share, down from $2.75 a year earlier.

Analysts polled by FactSet expected $2.69.

Net sales for the quarter ended Nov. 1 were $4.17 billion, up from $3.06 billion.

Analysts surveyed by FactSet expected $3.19 billion.

The company said it now expects fiscal 2025 earnings per share of $14.25 to $14.55 for the Dick's business, up from $13.90 to $14.50 previously.

Net sales for the year for the Dick's business is estimated at $13.95 billion to $14 billion, the company said.

Dick's said it completed its acquisition of Foot Locker for $2.5 billion, consisting of $2.1 billion in share consideration for the issuance of 9.6 million of its shares, $223.0 million in cash, and $111.6 million from the company's pre-existing equity ownership in Foot Locker.

Further, Dick's said it began a review of Foot Locker's unproductive assets, which, along with additional merger and integration costs, are expected to result in future pre-tax charges of $500 million to $750 million.

Shares of Dick's Sporting Goods were down nearly 7% in recent premarket activity Tuesday.