Street Calls of the Week
Dick’s Sporting Goods, Inc. (NYSE:DKS) has released updated unaudited pro forma financial information in connection with its anticipated acquisition of Foot Locker, Inc. The company disclosed the new figures for the fiscal quarter ended August 2, 2025, according to a statement filed with the Securities and Exchange Commission on Friday.
The updated financials were provided as part of Dick’s ongoing exchange offer for any and all outstanding 4.000% Senior Notes due 2029 issued by Foot Locker . The exchange offer, announced earlier, allows holders of Foot Locker’s notes to swap them for up to $400 million aggregate principal amount of new 4.000% Senior Notes due 2029 issued by Dick’s Sporting Goods, along with a consent payment. The company also conducted a related consent solicitation to amend the indenture governing the Foot Locker notes, aiming to eliminate substantially all restrictive covenants, certain affirmative covenants, and certain events of default. Foot Locker entered into a supplemental indenture on June 20, 2025, after the required consents were received.
Dick’s Sporting Goods had previously disclosed unaudited pro forma financial statements reflecting the impact of the acquisition for the fiscal year ended February 1, 2025, and the fiscal quarter ended May 3, 2025. The most recent update adds financial results for the fiscal quarter ended August 2, 2025. The updated information is included as Exhibit 99.1 to the filing.
The company’s common stock continues to trade on the New York Stock Exchange under the symbol DKS.
All information in this article is based on a press release statement filed with the SEC.
In other recent news, Dick’s Sporting Goods Inc. reported its financial results for the second quarter of 2025, achieving a slight earnings per share (EPS) beat. The company posted an EPS of $4.37, which was marginally higher than the forecasted $4.30, marking a 1.63% surprise. Revenue for the quarter was $3.65 billion, slightly exceeding the anticipated $3.61 billion. Despite these positive financial results, the stock experienced a notable decline. This drop in stock price indicates investor concerns, although the specific reasons for the decline were not detailed. Analyst firms have not provided any recent upgrades or downgrades for the company. These developments come amidst ongoing evaluations by investors and analysts. Dick’s Sporting Goods continues to navigate the market dynamics as it moves forward into the next quarter.
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