Equity Profile

DKS

DICK'S Sporting Goods, Inc.

Consumer DiscretionaryOther Specialty Retail$19.2B

Aug25Tue

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

DICK'S Sporting Goods, Inc. is a leading retailer in the consumer discretionary sector, specializing in sporting goods and outdoor equipment....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well the company is managing costs and generating income.

N/A

Same-Store Sales Growth

This metric indicates how existing stores are performing, which is crucial for assessing overall business health.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

DKS Q2-2026 Earnings Preview

Context

Company Snapshot

DICK'S Sporting Goods, Inc. is a leading retailer in the consumer discretionary sector, specializing in sporting goods and outdoor equipment. With a market cap of $20 billion, the company plays a significant role in the retail landscape, especially as consumer spending trends shift towards health and fitness.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+2.85%

Avg Stock Reaction

-2.48%

Last Quarter Recap

In Q1-2026, DICK'S reported an EPS of $2.90, slightly missing expectations. The stock reacted negatively, dropping 5.97% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic about DICK'S upcoming earnings, given its history of beating EPS estimates. However, recent performance raises concerns about sales growth.

Bull Case

If DICK'S can show strong same-store sales growth and maintain or improve its gross margin, it could significantly boost investor confidence and stock price.

Bear Case

Conversely, if the company reports disappointing sales figures or a decline in margins, it could lead to further stock price declines and investor skepticism.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the same-store sales growth be for Q2-2026?

This figure will indicate how well DICK'S is performing in a competitive retail environment and could heavily influence stock performance.

How is the company managing its gross margin amidst rising costs?

Understanding margin management will provide insight into profitability and operational efficiency, which are critical in the current economic climate.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of rising consumer interest in outdoor activities, which could drive stronger-than-expected sales.

Supporting Evidence

DICK'S has a history of beating EPS estimates 75% of the time, suggesting potential upside.

The options market is pricing a larger move than historical averages, indicating heightened expectations.

Recent trends in consumer spending show increased interest in fitness and outdoor activities, which could benefit DICK'S.

Key Risk

If same-store sales growth exceeds 5%, it could challenge the current cautious consensus.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on consumer spending trends and cost management, which are crucial for maintaining profitability.

Bull Confirmed If

A same-store sales growth of over 5% would confirm the bull case, indicating strong consumer demand.

Bear Confirmed If

A gross margin decline below 30% would confirm the bear case, suggesting rising costs are outpacing sales growth.

Pre-Earnings Positioning

Options Market

Implied Move

±19.42%

Historical Avg

±3.2%

Pricing rich

The options market is pricing in a significant potential movement in the stock price, indicating uncertainty or volatility surrounding the earnings report.

Options are pricing ±19.4% while DKS has averaged ±3.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

41.7%

Calls (49K)P/C Ratio: 1.11Puts (184K)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$925,523.36

4,140 sh

1 insider

Net

$925,523.36

Net selling

Most Active Insiders· 2 open-market trades

EVP, Chf People & Purpose OfcrLodge-Jarrett Julie
$925,523.36

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If DICK'S beats expectations, history suggests a potential stock increase of around 2.4% on the first day.

In-Line / Cautious

If results are in line with expectations, the stock may experience a muted reaction as investors await further clarity from management.

Miss

Should the company miss expectations, history indicates a potential decline of about 2.88% in the stock price.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on inventory levels and how they are managing supply chain challenges.
2Insights into consumer trends and preferences in sporting goods.
3Management's commentary on competitive pressures and pricing strategies.
4Details on any new product launches or partnerships that could drive growth.
5Guidance on expectations for the upcoming holiday season.

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Company Snapshot

DICK'S Sporting Goods, Inc. is a leading retailer in the consumer discretionary sector, specializing in sporting goods and outdoor equipment....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well the company is managing costs and generating income.

N/A

Same-Store Sales Growth

This metric indicates how existing stores are performing, which is crucial for assessing overall business health.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

DKS Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+2.85%

Avg Stock Reaction

-2.48%

Last Quarter Recap

In Q1-2026, DICK'S reported an EPS of $2.90, slightly missing expectations. The stock reacted negatively, dropping 5.97% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic about DICK'S upcoming earnings, given its history of beating EPS estimates. However, recent performance raises concerns about sales growth.

Bull Case

If DICK'S can show strong same-store sales growth and maintain or improve its gross margin, it could significantly boost investor confidence and stock price.

Bear Case

Conversely, if the company reports disappointing sales figures or a decline in margins, it could lead to further stock price declines and investor skepticism.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the same-store sales growth be for Q2-2026?

This figure will indicate how well DICK'S is performing in a competitive retail environment and could heavily influence stock performance.

How is the company managing its gross margin amidst rising costs?

Understanding margin management will provide insight into profitability and operational efficiency, which are critical in the current economic climate.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of rising consumer interest in outdoor activities, which could drive stronger-than-expected sales.

Supporting Evidence

DICK'S has a history of beating EPS estimates 75% of the time, suggesting potential upside.

The options market is pricing a larger move than historical averages, indicating heightened expectations.

Recent trends in consumer spending show increased interest in fitness and outdoor activities, which could benefit DICK'S.

Key Risk

If same-store sales growth exceeds 5%, it could challenge the current cautious consensus.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on consumer spending trends and cost management, which are crucial for maintaining profitability.

Bull Confirmed If

A same-store sales growth of over 5% would confirm the bull case, indicating strong consumer demand.

Bear Confirmed If

A gross margin decline below 30% would confirm the bear case, suggesting rising costs are outpacing sales growth.

Pre-Earnings Positioning

Options Market

Implied Move

±19.42%

Historical Avg

±3.2%

Pricing rich

The options market is pricing in a significant potential movement in the stock price, indicating uncertainty or volatility surrounding the earnings report.

Options are pricing ±19.4% while DKS has averaged ±3.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

41.7%

Calls (49K)P/C Ratio: 1.11Puts (184K)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$925,523.36

4,140 sh

1 insider

Net

$925,523.36

Net selling

Most Active Insiders· 2 open-market trades

EVP, Chf People & Purpose OfcrLodge-Jarrett Julie
$925,523.36

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If DICK'S beats expectations, history suggests a potential stock increase of around 2.4% on the first day.

In-Line / Cautious

If results are in line with expectations, the stock may experience a muted reaction as investors await further clarity from management.

Miss

Should the company miss expectations, history indicates a potential decline of about 2.88% in the stock price.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on inventory levels and how they are managing supply chain challenges.
2Insights into consumer trends and preferences in sporting goods.
3Management's commentary on competitive pressures and pricing strategies.
4Details on any new product launches or partnerships that could drive growth.
5Guidance on expectations for the upcoming holiday season.