DKS completes Foot Locker acquisition, adding $17.2B sales but $17.2B loss and charges

Filed March 27, 2026 · Period ending January 31, 2026 · Compared to 10-K Mar 27, 2025 · ~1 min read

Key Changes

• high

  Foot Locker acquisition closed Sept 2025 for $2.5B, adding 2,561 stores globally but posting $60M net loss in partial-year period; pro forma comps down 3.3%, international down 8.1%, signaling turnaround needed.

  Business: Foot Locker acquisition verify on EDGAR →
• high

  Incurred $390M acquisition charges in FY2025 (inventory write-downs, integration costs); expect $500-750M total, with $150M more in FY2026. Medium-term synergies targeted at $100-125M from procurement efficiencies.

  MD&A: Foot Locker charges and synergies verify on EDGAR →
• high

  Nike concentration rose to 31% of consolidated purchases (from 25%) as Foot Locker carries higher Nike mix; footwear now 40% of sales (up from 28%), hardlines fell to 29% (from 36%).

  Business: Nike vendor concentration verify on EDGAR →