JPMorgan placed Dick's Sporting Goods on Positive Catalyst Watch ahead of its Q1 2026 earnings. The bank raised its comparable sales and profit estimates above consensus.
Analyst Christopher Horvers lifted Dick's core comp to 4.8% from 3.4%, and Foot Locker comp to 1% from -1.4%.
JPMorgan now sees Q1 EPS of $3.24, up from $2.90, versus consensus of $2.87.
Operating profit for the total company is forecast at $404 million, well above the $367 million consensus. Foot Locker is expected to contribute $40 million in operating profit versus a consensus loss of $10 million.
Horvers is optimistic on footwear trends, healthy living, and clean inventories.
The upcoming World Cup is a tailwind. Better merchandising and remodels at Foot Locker point to stronger results.
Dick's reports Q1 results on May 27.
