v3.26.1
Segment Reporting
 3 Months Ended
May 02, 2026
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
The Company is a leading global sports retailer offering an extensive assortment of authentic, high-quality, sports equipment, apparel, footwear and accessories through its retail stores and online, and was historically structured as a single reportable segment entity prior to the acquisition of Foot Locker in fiscal 2025. The acquisition of Foot Locker changed the organizational structure of the Company and resulted in a reassessment of reportable segments. As a result, the Company now has two reportable segments - DICK’S and Foot Locker. The Foot Locker reportable segment is the aggregate of the Foot Locker - North America and Foot Locker - International operating segments.
The Executive Chairman and the President & Chief Executive Officer together serve as the Chief Operating Decision Maker, or “CODM,” and they both assess the performance of and allocate resources to both reportable segments. In connection with the reorganization due to the Foot Locker acquisition, the measure of segment profit and loss utilized by the CODM changed from net income to segment profit as it is more reflective of the performance of the two reportable segments and is used by the CODM to decide how to reinvest profits across the reportable segments to strengthen a global platform that serves a broader set of athletes through differentiated iconic concepts and robust digital experiences, supported by brand partnerships as a combined company within the growing sports retail industry. Segment profit reflects income before incomes taxes, interest expense, unallocated corporate and other expense and other income. Assets by reportable segment are not currently utilized by the CODM to evaluate performance or allocate resources and thus are not disclosed.
Refer to the table below for significant expense categories and amounts for each reportable segment, and the reconciliation to income before taxes (in thousands):
13 Weeks Ended
May 2, 2026May 3, 2025
DICK’S
Net sales$3,377,440 $3,174,677 
     Cost of merchandise and services sold 1,677,274 1,567,248 
     Occupancy costs (1)
307,735 289,836 
     Personnel expense (2)
499,482 455,238 
     Other segment expenses (4)
531,974 501,947 
       Segment profit$360,975 $360,408 
Foot Locker
Net sales$1,787,064 $— 
     Cost of merchandise and services sold (3)
1,002,521 — 
     Occupancy costs (1)
263,484 — 
     Personnel expense (2)
301,334 — 
     Other segment expenses (4)
202,263 — 
     Segment profit$17,462 $— 
Total segment profit$378,437 $360,408 
Corporate and other income (5)
(72,213)(5,708)
Interest expense17,541 12,138 
Other (income) expense (6)
(13,166)6,256 
Consolidated income before income taxes$446,275 $347,722 
(1)Occupancy costs include rent, common area maintenance charges, real estate and other asset-based taxes, general maintenance, utilities, depreciation and certain insurance expenses.
(2)Personnel expenses include wages, salaries, and other forms of compensation related to store and administrative employees within selling, general and administrative expenses.
(3)Cost of merchandise and services sold for the Foot Locker segment includes supply chain costs as part of the application of the retail-inventory method.
(4)Includes expenses associated with advertising, bank card charges, pre-opening expenses, shipping expenses, costs to operate the Company’s internal eCommerce platforms, technology, other store expenses, certain foreign exchange transaction gains and losses, and expenses associated with operating the Company’s Customer Support Center or Foot Locker corporate headquarters. Additionally, other segment items include supply chain costs for the DICK’S segment, which are included in cost of merchandise and services sold for the Foot Locker segment.
(5)Corporate and other activities, which represent costs or income not specifically related to the recurring operations of the Company’s segments, are not included in segment profit or loss as they are not used by the Company to evaluate segment performance. Corporate and other income includes income received, net of legal fees, for the settlement of credit and debit card interchange fee litigation and income received for the early lease termination of a store location, partially offset by Foot Locker acquisition-related costs, which consist of charges to write down and liquidate inventory from the Company’s review of the Foot Locker Business and merger and integration costs. Both periods presented also include the effects related to changes in the investment values of the Company’s deferred compensation plans, which is fully offset in other income.
(6)Includes interest income of $8.7 million and $12.5 million for the 13 weeks ended May 2, 2026 and May 3, 2025, respectively.

The following table quantifies depreciation and amortization expense by reportable segment for the 13 weeks ended May 2, 2026 and May 3, 2025, respectively (in thousands):
13 Weeks Ended
May 2, 2026May 3, 2025
DICK’S$110,245 $97,860 
Foot Locker40,960 — 
Corporate and other2,605 — 
Total depreciation and amortization expense$153,810 $97,860 

The following table quantifies capital expenditures by reportable segment for the 13 weeks ended May 2, 2026 and May 3, 2025, respectively (in thousands):
13 Weeks Ended
May 2, 2026May 3, 2025
DICK’S$294,866 $264,725 
Foot Locker 65,878 — 
Total capital expenditures$360,744 $264,725