DICK'S Sporting Goods (DKS) filed unaudited pro forma condensed combined financial information following its acquisition of Foot Locker, Inc. The filing presents the combined company's financial results for the fiscal year ended January 31, 2026, as if the acquisition had occurred at the beginning of the period.
Key Details
- Acquisition Terms: The acquisition of Foot Locker was completed on September 8, 2025, for a total consideration of approximately $2.5 billion, consisting of ~$0.2 billion in cash and ~9.6 million shares of DKS common stock.
- Pro Forma Financials (FY ended Jan 31, 2026): The filing shows a pro forma combined net sales of approximately $21.8 billion and a pro forma combined net income of approximately $564 million for the period.
- Purpose: The pro forma statements are provided for illustrative purposes to show the financial impact of the merger on the company's historical results.