Dick’s Sporting Goods reported second-fiscal-quarter revenue of $5.59 billion, below Wall Street expectations, as cautious discretionary spending and weaker-than-expected product launches weighed on demand. Shares fell 13% in premarket trading. Dick’s stores posted 4.9% comparable-sales growth, supported by broad-based gains across categories, including strong results from the World Cup, while Foot Locker reported a 3.6% comparable-sales decline. The company reduced its full-year net-sales forecast to $21.9 billion-$22.2 billion from $22.1 billion-$22.4 billion and cut its annual earnings-per-share outlook to $10.94-$11.94 from $13.27-$14.27. Consolidated operating income is now expected at $1.45 billion-$1.55 billion, down from $1.69 billion-$1.81 billion. Dick’s continues to expect its stores to grow 2.5% to 4%, while its outlook for Foot Locker was lowered to flat to down 2%. For the period ended Aug. 1, net income fell to $315 million, or $3.50 per share, from $381 million, or $4.71 per share, a year earlier. Adjusted earnings were $3.53 per share, including the impact of one-time items such as the Foot Locker acquisition. The company also received $59 million in tariff refunds and $2.1 million in related interest income during the quarter. Dick’s acquired Foot Locker for $2.4 billion in 2025 and is implementing a turnaround intended to return the business to growth and expand its international presence.