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Dick's Sporting Goods (DKS) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jun 9, 2025
Dick's Sporting Goods (DKS) reported revenue of $3.2B for the first quarter fiscal 2026 (Q1 FY26), +5% from a year earlier and -18% from the quarter before. Operating margin was 11.5%, net earnings $264M (8.3% of revenue).
Dick's Sporting Goods, Q1 FY26: revenue $3.2B (+5% year over year), operating margin 11.5%, net earnings $264M, operating cash flow $178M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.2B | -18% | +5% |
| Gross profit | $1.2B | -14% | +6% |
| Operating profit | $366M | -5% | +11% |
| Net earnings | $264M | -12% | -4% |
| Operating cash flow | $178M | -72% | -23% |
What changed
Revenue was $3.2B in Q1 FY26, up 5% year over year and down 18% from the previous quarter.
Gross margin was 36.7%, up 0.4 points from a year earlier. Operating profit was $0.37B, a 11.5% margin (up 0.6 points year over year). Of the extra revenue versus a year earlier, 23% reached operating profit, above the 11% margin then. Operating expenses grew 5% against revenue growth of 5%. Net earnings were $0.26B, down 4% year over year. The effective tax rate was 24.0%.
Operating cash flow was $0.18B (down 23% year over year), 67% of net earnings. Non-cash charges added back $0.10B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.20B. Capital expenditures of $0.26B exceeded it, leaving free cash flow of −$0.09B.
Questions
What was Dick's Sporting Goods' revenue in the first quarter fiscal 2026?
Dick's Sporting Goods (DKS) reported revenue of $3.2B for the first quarter fiscal 2026 (Q1 FY26), +5% from a year earlier and -18% from the quarter before.
Was Dick's Sporting Goods profitable in the first quarter fiscal 2026?
Operating profit was $366M (11.5% of revenue) and net earnings $264M.