Dick's Cuts Its Outlook as Foot Locker Sneaker Sales Slump, Shares Drop 31%
DICK's Sporting Goods, 345, Court Street, McAlisters Crossroads, Coraopolis, Allegheny County, Pennsylvania, 15108, United States
Dick's Sporting Goods
CONFIRMED85% CONFIDENCEThe release is datelined 'PITTSBURGH, August 25, 2026' and says the company 'will host a conference call today at 8:00 a.m. Eastern Time'; the 8-K was accepted by EDGAR at 07:01 ET.[1]
Dick's Sporting Goods cut its 2026 forecast after Foot Locker's comparable sales fell 3.6%, blaming fewer and weaker sneaker launches and heavy discounting of legacy footwear; its shares fell 30.7% that day.
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