DICK'S 10-Q Reveals Foot Locker Losses, Tariff Refunds, and CEO Trading Plan
DKS sits 16% above its 52-week low of $120.401.
Summary
DICK'S Q2 10-Q shows Foot Locker segment losses of $31.9M, offset by $59M in tariff refunds and a $204M litigation settlement. CEO Hobart adopted a 10b5-1 plan to sell up to 24,182 shares.
Key Events · Earnings and Guidance · DKS
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Foot Locker Segment Losses
Foot Locker segment lost $31.9M in Q2 2026 and $14.4M in H1 2026, with proforma comparable sales down 3.6% in Q2. The segment's gross margin of 25.66% dragged consolidated gross margin down 228 basis points.
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Tariff Refunds and Litigation Settlement
DICK'S received $59.0M in IEEPA tariff refunds in Q2 2026 and a $204.3M interchange fee settlement in Q1 2026, partially offsetting Foot Locker losses.
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CEO 10b5-1 Trading Plan
CEO Lauren Hobart adopted a Rule 10b5-1 plan on June 5, 2026 to sell up to 24,182 shares, commencing September 4, 2026 and expiring June 27, 2027.
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Share Repurchases and Dividend
DICK'S repurchased 0.7M shares for $141.2M in H1 2026 and declared a $1.25 per share quarterly dividend on August 24, 2026, payable September 25, 2026.
Analysis · DKS · Trade & Services
The 10-Q provides the first full financial picture of the Foot Locker acquisition's impact. Foot Locker lost $31.9M in Q2 and $14.4M in H1 2026, dragging consolidated operating margin down 451 basis points. Offsetting this, DICK'S received $59.0M in IEEPA tariff refunds and a $204.3M interchange fee settlement. The filing also discloses CEO Lauren Hobart adopted a 10b5-1 plan to sell up to 24,182 shares starting September 4, 2026 — a modest but notable insider signal following the stock's 30% crash on August 26.
How filings like this one have moved
In the 30 days to Sep 10, 2026, 30.2% of the 2009 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.11%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, DKS was trading at $139.24 on NYSE in the Trade & Services sector, with a market capitalization of approximately $12.5B. The 52-week trading range was $120.40 to $244.38. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.