Mergers & Acquisitions ·
DICK'S Sporting Goods completes Foot Locker acquisition for $2.5B in cash and stock
DKSDick's Sporting Goods, Inc.
DICK'S Sporting Goods filed pro forma financial statements for the fiscal year ended January 31, 2026, reflecting its completed acquisition of Foot Locker on September 8, 2025. The transaction involved approximately $2.5 billion in total consideration, comprising roughly $0.2 billion in cash and 9.6 million shares of DICK'S common stock. Additionally, the company issued $381.9 million in new senior notes to exchange Foot Locker's existing debt. For the pro forma period, combined net sales reached $21.78 billion, with operating income of $975.96 million and diluted earnings per share of $6.21. The retail sporting goods industry.