# Dick's comparable sales in Q3

comparable store sales in Q3 2026

Updated: September 1, 2026

Category: Financials

Tags: Companies, KPIs

HTML: /markets/financials/companies/dick-s-comparable-sales-in-q3/

## Short Answer

**Key takeaway.** Dick's comparable sales for Q3 2026 are expected to exceed **2%**, driven by Wall Street analyst consensus at **3.5%** growth, which remains within the company's full-year guidance of **2.5%** to **4.0%** for its core business, a prospect the **market** prices at **72%**.

## Key Claims (September 2026)

**- - Comparable sales above 2% are probable, supported by the 3.5% analyst consensus.** - Exceeding **3%** comparable sales is likely, despite anticipated Q3 promotional pressures.
- The company's **2.5%** to **4.0%** full-year guidance underpins these expectations.

## Market Behavior & Drivers

Wall Street analyst consensus projecting **3.5%** Q3 comparable sales growth and firm full-year guidance underpin the **market**'s **72.0%** **probability**.

A 71.0 percentage point spike in this market on August 31 has no specific corresponding news catalyst. The price jump from 1.0% to 72.0% occurred six days after Dick's Sporting Goods announced Q2 2026 comparable sales growth of 4.9% on August 25. That Q2 figure exceeded the Wall Street consensus forecast for Q3 2026 comparable sales, which is approximately 3.5%. The market's re-rating appears to be a delayed reaction to the stronger-than-expected Q2 performance.

The move itself occurred on very thin trading. According to sample data, the initial price jump registered on zero volume, suggesting it may reflect an initial price set by a market maker or a few early trades establishing a new level, rather than a broad-based shift in sentiment backed by significant capital flow. The total volume traded across the market's history is 1,677 contracts.

### Who Wins and Why

| Outcome | Market | Model | Why |
| --- | --- | --- | --- |
| Above 2% | 72.0% | 65.6% | Wall Street analysts forecast Q3 comparable sales growth at 3.5%, within 2.5% to 4.0% full-year guidance. |
| Above 3% | 43.0% | 37.3% | Wall Street analysts forecast Q3 comparable sales growth at 3.5%, above this threshold. |
| Above 4% | 17.0% | 15.1% | Wall Street analysts forecast Q3 comparable sales growth at 3.5%, which is at the upper end of guidance. |

## Model vs Market

| Outcome | Market Probability | Octagon Model Probability |
| --- | --- | --- |
| Above 2% | 72.0% | 65.6% |
| Above 3% | 43.0% | 37.3% |
| Above 4% | 17.0% | 15.1% |
| Above 0% | 0.0% | 70.0% |
| Above 1% | 0.0% | 68.0% |
| Above 5% | 0.0% | 0.6% |
| Above 6% | 0.0% | 0.3% |

- Expiration: March 24, 2027

## Significant Price Movements

#### 📈 August 31, 2026: 71.0pp spike

Price increased from 1.0% to 72.0%

**Outcome:** Above 2%

**What happened:** The provided web research offers no evidence of social media activity or traditional news that would explain a 71.0 percentage point spike in the prediction market for Dick's Q3 comparable sales on August 31, 2026. On August 25, 2026, the company announced Q2 comparable sales of 4.9% but subsequently faced a significant stock decline due to lowered financial outlooks [[^]](https://www.prnewswire.com/news-releases/dicks-sporting-goods-inc-reports-second-quarter-results-302859323.html). The only company announcement on August 31, 2026, was regarding participation in a future conference, which did not include any Q3 sales figures or a positive forecast [[^]](https://finviz.com/news/386831/dicks-sporting-goods-announces-participation-in-the-goldman-sachs-33rd-annual-global-consumer-and-retail-conference). Based on the available information, social media activity was irrelevant as a primary driver, as no corresponding event or narrative was found to explain the described market movement.

## Contract Snapshot

For the "Dick's comparable sales in Q3: Above 3%" market, a YES resolution occurs if Dick's comparable sales growth in Q3 is greater than 3%. Conversely, a NO resolution is triggered if the comparable sales growth is 3% or less. The market is scheduled to end on November 24 at 7:00 AM EST; no special settlement conditions are explicitly detailed in the provided content.

## Market Discussion

Dick's Sporting Goods maintained its fiscal year 2026 comparable sales outlook for the 'DICK'S business' at 2.5% to 4.0% growth as of August 25, 2026 [[^]](https://www.sec.gov/Archives/edgar/data/1089063/000108906326000033/dks-2026801xex991earningsr.htm). Wall Street analysts' consensus for Q3 comparable sales is approximately 3.5%, with individual forecasts ranging from 2.5% to 4.5% [[^]](https://sgbonline.com/exec-wall-street-eager-to-hear-foot-locker-strategy-on-dicks-sgs-q3-call/)[[^]](https://www.tradingkey.com/news/transcripts/262131191-tradingkey). While Foot Locker's underperformance is creating headwinds for the consolidated company outlook, its comparable sales are not included in Dick's quarterly calculations until Q4 fiscal 2026, meaning it is not expected to directly impact Q3 comparable sales for the core business [[^]](https://www.sec.gov/Archives/edgar/data/1089063/000108906326000033/dks-2026801xex991earningsr.htm)[[^]](https://sgbonline.com/exec-wall-street-eager-to-hear-foot-locker-strategy-on-dicks-sgs-q3-call/)[[^]](https://www.fool.com/investing/2026/08/25/dick-s-core-business-grew-comparable-sales-4-9-while-foot-locker-s-fell-3-6-here-s-why-the-full-year-guidance-still-came-down/).

## Market Data

| Contract | Yes Bid | Yes Ask | Last Price | Volume | Open Interest |
| --- | --- | --- | --- | --- | --- |
| Above 0% | 94% | 98% | 0% | $0 | $0 |
| Above 1% | 89% | 93% | 0% | $0 | $0 |
| Above 2% | 68% | 72% | 72% | $1,677.43 | $1,177.42 |
| Above 3% | 42% | 43% | 43% | $1,200 | $500 |
| Above 4% | 15% | 16% | 17% | $800 | $200 |
| Above 5% | 4% | 11% | 0% | $0 | $0 |
| Above 6% | 2% | 5% | 0% | $0 | $0 |

## What is the consensus and range of Wall Street analyst forecasts for Dick's Q3 2026 comparable sales?

Q3 2026 Comparable Sales Consensus | Approximately 3.5% YoY growth [[^]](https://finviz.com/news/235085/seeking-clues-to-dicks-dks-q3-earnings-a-peek-into-wall-street-projections-for-key-metrics)[[^]](https://sgbonline.com/exec-wall-street-eager-to-hear-foot-locker-strategy-on-dicks-sgs-q3-call/) |
Q3 2026 Comparable Sales Forecast Range | 2.5% to 4.5% [[^]](https://sgbonline.com/exec-wall-street-eager-to-hear-foot-locker-strategy-on-dicks-sgs-q3-call/) |
Full-Year Comparable Sales Outlook (Core Business) | 2.5% to 4.0% [[^]](https://www.prnewswire.com/news-releases/dicks-sporting-goods-inc-reports-second-quarter-results-302859323.html)[[^]](https://www.reuters.com/business/dicks-sporting-goods-cuts-annual-forecasts-athleticwear-demand-weakens-2026-08-25/) |

**Wall Street analysts project a 3.5% comparable sales growth for Dick's Q3 2026**

Wall Street analysts project a **3.5%** comparable sales growth for Dick's Q3 2026. Analysts forecast that Dick's Sporting Goods (DKS) will achieve approximately **3.5%** year-over-year comparable sales growth for its core business during Q3 2026 [[^]](https://finviz.com/news/235085/seeking-clues-to-dicks-dks-q3-earnings-a-peek-into-wall-street-projections-for-key-metrics)[[^]](https://sgbonline.com/exec-wall-street-eager-to-hear-foot-locker-strategy-on-dicks-sgs-q3-call/). Individual analyst projections for Q3 2026 comparable sales vary, with a reported range from **2.5%** to **4.5%** [[^]](https://sgbonline.com/exec-wall-street-eager-to-hear-foot-locker-strategy-on-dicks-sgs-q3-call/).

Dick's Sporting Goods upheld its full-year sales growth forecast. This decision followed a significant adjustment to the company's guidance in late August 2026, after which Dick's Sporting Goods maintained its existing full-year comparable sales growth outlook. The company's core 'DICK'S' business continues to be projected for comparable sales growth between **2.5%** and **4.0%** for the full year [[^]](https://www.prnewswire.com/news-releases/dicks-sporting-goods-inc-reports-second-quarter-results-302859323.html)[[^]](https://www.reuters.com/business/dicks-sporting-goods-cuts-annual-forecasts-athleticwear-demand-weakens-2026-08-25/).

## What do recent U.S. Census Bureau retail sales reports for August and September 2026 suggest about consumer spending on sporting goods?

Census Bureau August/September 2026 Retail Sales | Not yet released (as of September 1, 2026) [[^]](https://www.census.gov/retail/sales.html)[[^]](https://www.census.gov/retail) |
DICK'S Sporting Goods Full-Year Comparable Sales Growth Outlook | 2.5% to 4.0% (Q2 2026 earnings) [[^]](https://finance.yahoo.com/markets/stocks/articles/dicks-sporting-goods-inc-reports-110000740.html) |
DICK'S Sporting Goods Q3 2026 Margin Outlook | Expected to be more challenging than Q4 due to promotional pressure [[^]](https://finance.biggo.com/quote/DKS/earnings-call/US_DKS_2026-08-25)[[^]](https://www.reuters.com/business/dicks-sporting-goods-cuts-annual-forecasts-athleticwear-demand-weakens-2026-08-25/) |

**Official Census Bureau data for August and September 2026 is not yet available**

Official Census Bureau data for August and September 2026 is not yet available. As of September 1, 2026, the U.S. Census Bureau's retail sales reports do not yet show data for August or September 2026 [[^]](https://www.census.gov/retail/sales.html)[[^]](https://www.census.gov/retail). Consequently, these reports offer no insights into consumer spending on sporting goods for those specific months. The latest available data from the Census Bureau covers periods through July 2026, with the next release of retail estimates scheduled for later in September [[^]](https://www.census.gov/retail/sales.html)[[^]](https://www.census.gov/retail).

DICK'S Sporting Goods expects continued promotional pressure affecting margins. In its Q2 2026 earnings report, released on August 25, 2026, DICK'S Sporting Goods reaffirmed its full-year comparable sales growth outlook for the DICK'S business, projecting an increase of **2.5%** to **4.0%** [[^]](https://finance.yahoo.com/markets/stocks/articles/dicks-sporting-goods-inc-reports-110000740.html). The company highlighted a highly promotional environment in athletic footwear and apparel, which it anticipates will continue throughout Q3 and Q4 [[^]](https://finance.yahoo.com/markets/stocks/articles/dicks-sporting-goods-inc-reports-110000740.html)[[^]](https://finance.biggo.com/quote/DKS/earnings-call/US_DKS_2026-08-25). Furthermore, DICK'S Sporting Goods' management indicated that Q3 2026 is expected to present greater challenges for margins compared to Q4, as persistent promotional pressure necessitates the company's investment in price to maintain **market** share [[^]](https://finance.biggo.com/quote/DKS/earnings-call/US_DKS_2026-08-25)[[^]](https://www.reuters.com/business/dicks-sporting-goods-cuts-annual-forecasts-athleticwear-demand-weakens-2026-08-25/).

## How does Dick's actual Q2 2026 comp sales growth of +4.9% compare to its historical Q3 performance over the prior three years?

Q2 2026 Comparable Sales Growth | +4.9% (for Q2 2026) [[^]](https://www.prnewswire.com/news-releases/dicks-sporting-goods-inc-reports-second-quarter-results-302859323.html)[[^]](https://www.sec.gov/Archives/edgar/data/1089063/000108906326000033/dks-2026801xex991earningsr.htm)[[^]](https://s27.q4cdn.com/812551136/files/doc_financials/2026/Q2/2Q26_DKS_Press-Release.pdf)[[^]](https://www.cnbc.com/2026/08/25/dicks-sporting-goods-dks-earnings-q2-2026.html)[[^]](https://longbridge.com/en/news/296921027) |
Q3 2023 Comparable Sales Growth | 1.7% (in 2023) [[^]](https://investors.dicks.com/news/news-details/2023/DICKS-Sporting-Goods-Reports-Third-Quarter-Results-Raises-Full-Year-Outlook/default.aspx)[[^]](https://www.metatrader.com/de/symbols/nyse/dks/documents/245328-quarterly-report-q3-fy2025) |
Full-Year 2026 Comparable Sales Outlook | 2.5% to 4.0% (for full-year 2026) [[^]](https://www.prnewswire.com/news-releases/dicks-sporting-goods-inc-reports-second-quarter-results-302859323.html)[[^]](https://s27.q4cdn.com/812551136/files/doc_financials/2026/Q2/2Q26_DKS_Press-Release.pdf)[[^]](https://www.tradingkey.com/news/transcripts/262131191-tradingkey) |

**Dick's Q2 2026 comparable sales growth surpassed recent Q3 performance**

Dick's Q2 2026 comparable sales growth surpassed recent Q3 performance. Dick's Sporting Goods reported a comparable sales growth of +**4.9%** for the second quarter of 2026 [[^]](https://www.prnewswire.com/news-releases/dicks-sporting-goods-inc-reports-second-quarter-results-302859323.html)[[^]](https://www.sec.gov/Archives/edgar/data/1089063/000108906326000033/dks-2026801xex991earningsr.htm)[[^]](https://s27.q4cdn.com/812551136/files/doc_financials/2026/Q2/2Q26_DKS_Press-Release.pdf)[[^]](https://www.cnbc.com/2026/08/25/dicks-sporting-goods-dks-earnings-q2-2026.html)[[^]](https://longbridge.com/en/news/296921027). This growth rate is higher than its historical third-quarter comparable sales growth of **1.7%** in 2023, but it falls below the **5.7%** observed in the third quarter of 2025 [[^]](https://investors.dicks.com/news/news-details/2023/DICKS-Sporting-Goods-Reports-Third-Quarter-Results-Raises-Full-Year-Outlook/default.aspx)[[^]](https://www.metatrader.com/de/symbols/nyse/dks/documents/245328-quarterly-report-q3-fy2025).

The company's full-year outlook anticipates Q3 deleverage. Historically, the DICK'S business experienced third-quarter comparable sales growth of **1.7%** in 2023 and **5.7%** in 2025 [[^]](https://investors.dicks.com/news/news-details/2023/DICKS-Sporting-Goods-Reports-Third-Quarter-Results-Raises-Full-Year-Outlook/default.aspx)[[^]](https://www.metatrader.com/de/symbols/nyse/dks/documents/245328-quarterly-report-q3-fy2025). As of September 1, 2026, the full-year 2026 comparable sales growth outlook for the DICK'S business remains between **2.5%** and **4.0%** [[^]](https://www.prnewswire.com/news-releases/dicks-sporting-goods-inc-reports-second-quarter-results-302859323.html)[[^]](https://s27.q4cdn.com/812551136/files/doc_financials/2026/Q2/2Q26_DKS_Press-Release.pdf)[[^]](https://www.tradingkey.com/news/transcripts/262131191-tradingkey). Management noted that this full-year guidance includes an expectation of approximately 50 basis points of deleverage in the third quarter of 2026 [[^]](https://www.prnewswire.com/news-releases/dicks-sporting-goods-inc-reports-second-quarter-results-302859323.html)[[^]](https://s27.q4cdn.com/812551136/files/doc_financials/2026/Q2/2Q26_DKS_Press-Release.pdf)[[^]](https://www.tradingkey.com/news/transcripts/262131191-tradingkey).

## When is Dick's Sporting Goods scheduled to report its official Q3 2026 financial results?

Q3 2026 Earnings Release | November 24 or 25, 2026 [[^]](https://www.marketscreener.com/quote/stock/DICK-S-SPORTING-GOODS-INC-12310/calendar/)[[^]](https://www.marketbeat.com/earnings/reports/2025-11-25-dicks-sporting-goods-inc-stock/) |
Historical Q3 Earnings Release | Late November [[^]](https://www.marketscreener.com/quote/stock/DICK-S-SPORTING-GOODS-INC-12310/calendar/)[[^]](https://www.marketbeat.com/earnings/reports/2025-11-25-dicks-sporting-goods-inc-stock/) |
Prediction Market Sentiment (Comparable Store Sales) | Tracking 'Above 2%' and 'Above 3%' [[^]](https://kalshi.com/markets/kxdks/dicks-quarter-kpi/kxdks-26novcomp) |

**DICK'S Sporting Goods' Q3 2026 earnings are expected in late November**

DICK'S Sporting Goods' Q3 2026 earnings are expected in late November. The company is projected to release its third-quarter 2026 financial results on either November 24 or November 25, 2026. This anticipated timing is consistent with the company's historical practice of announcing its Q3 earnings towards the end of November [[^]](https://www.marketscreener.com/quote/stock/DICK-S-SPORTING-GOODS-INC-12310/calendar/)[[^]](https://www.marketbeat.com/earnings/reports/2025-11-25-dicks-sporting-goods-inc-stock/).

Prediction markets are observing comparable store sales for Q3 2026. These markets are actively monitoring DICK'S Sporting Goods' comparable store sales performance for the third quarter of 2026. Current **market** sentiment indicates a specific focus on performance metrics, particularly 'Above **2%**' and 'Above **3%**' [[^]](https://kalshi.com/markets/kxdks/dicks-quarter-kpi/kxdks-26novcomp).

## How might the promotional strategies of competitors like Academy Sports and Nike during the back-to-school season affect Dick's Q3 2026 sales?

Challenging Quarter Identified | Q3 2026 (Dick's management) [[^]](https://www.prnewswire.com/news-releases/dicks-sporting-goods-inc-reports-second-quarter-results-302859323.html)[[^]](https://finance.biggo.com/quote/DKS/earnings-call/US_DKS_2026-08-25) |
Q3 2026 Comp Sales Probability | 72% probability will exceed 2% (Prediction market, as of Sep 1, 2026) [[^]](https://kalshi.com/markets/kxdks/dicks-quarter-kpi/kxdks-26novcomp) |
Competitor Promotional Strategy | Academy emphasizes "market-leading everyday value pricing" and "standout promotions" [[^]](https://www.prnewswire.com/news-releases/academy-sports--outdoors-teams-up-with-nike-and-jordan-brand-to-present-the-h-town-classic-3v3-basketball-tournament-302863115.html)[[^]](https://www.sec.gov/Archives/edgar/data/1817358/000181735826000065/asoinc2025annualreport-fin.pdf?utm_source=openai)[[^]](https://www.prnewswire.com/news-releases/academy-sports--outdoors-is-the-ultimate-tailgating-fan-shop-302865213.html)[[^]](https://www.prnewswire.com/news-releases/academy-sports--outdoors-teams-up-with-nike-and-jordan-brand-to-present-the-h-town-classic-3v3-basketball-tournament-302863115.html)[[^]](https://www.prnewswire.com/news-releases/academy-sports--outdoors-announces-second-quarter-fiscal-2026-results-conference-call-302858745.html)[[^]](https://www.prnewswire.com/news-releases/academy-sports--outdoors-and-ariat-international-expand-partnership-with-200-new-in-store-shops-this-fall-302858753.html)[[^]](https://www.prnewswire.com/news-releases/academy-sports--outdoors-fuels-growth-with-eleven-new-stores-opening-across-six-states-in-q3-302853337.html) |

**Dick's Q3 2026 sales face significant competitive promotional pressure**

Dick's Q3 2026 sales face significant competitive promotional pressure. Dick's Sporting Goods is projected to encounter a challenging back-to-school season in Q3 2026, primarily due to aggressive promotional strategies from competitors [[^]](https://www.prnewswire.com/news-releases/dicks-sporting-goods-inc-reports-second-quarter-results-302859323.html)[[^]](https://finance.biggo.com/quote/DKS/earnings-call/US_DKS_2026-08-25)[[^]](https://**market**.news/dicks-sporting-goods-stock-crashes-as-q2-earnings-plunge-and-recovery-outlook-dims)[[^]](https://www.reuters.com/business/dicks-sporting-goods-cuts-annual-forecasts-athleticwear-demand-weakens-2026-08-25/). Dick's management has explicitly identified this quarter as the most difficult of the year, anticipating persistent promotional pressure in athletic footwear and apparel that will compress margins and necessitate deleverage in selling, general, and administrative (SG&A) expenses [[^]](https://www.prnewswire.com/news-releases/dicks-sporting-goods-inc-reports-second-quarter-results-302859323.html)[[^]](https://finance.biggo.com/quote/DKS/earnings-call/US_DKS_2026-08-25). Despite these anticipated difficulties, prediction **market** activity as of September 1, 2026, indicates a **72%** **probability** that Dick's comparable sales in Q3 2026 will exceed **2%** [[^]](https://kalshi.com/markets/kxdks/dicks-quarter-kpi/kxdks-26novcomp).

Academy Sports' aggressive promotions will intensify price competition. Academy Sports is a particularly relevant competitor for the back-to-school season, consistently emphasizing value pricing, promotions, and traffic-driving activities [[^]](https://finance.biggo.com/quote/DKS/earnings-call/US_DKS_2026-08-25)[[^]](https://www.sec.gov/Archives/edgar/data/1817358/000181735826000065/asoinc2025annualreport-fin.pdf?utm_source=openai)[[^]](https://www.prnewswire.com/news-releases/academy-sports--outdoors-is-the-ultimate-tailgating-fan-shop-302865213.html)[[^]](https://www.prnewswire.com/news-releases/academy-sports--outdoors-teams-up-with-nike-and-jordan-brand-to-present-the-h-town-classic-3v3-basketball-tournament-302863115.html)[[^]](https://www.prnewswire.com/news-releases/academy-sports--outdoors-announces-second-quarter-fiscal-2026-results-conference-call-302858745.html)[[^]](https://www.prnewswire.com/news-releases/academy-sports--outdoors-and-ariat-international-expand-partnership-with-200-new-in-store-shops-this-fall-302858753.html)[[^]](https://www.prnewswire.com/news-releases/academy-sports--outdoors-fuels-growth-with-eleven-new-stores-opening-across-six-states-in-q3-302853337.html). Academy has highlighted "**market**-leading everyday value pricing" and "standout promotions" for families, implemented thousands of lower prices across various categories, offered loyalty benefits, giveaways, and facilitated participation in tax-free weekends [[^]](https://www.sec.gov/Archives/edgar/data/1817358/000181735826000065/asoinc2025annualreport-fin.pdf?utm_source=openai)[[^]](https://www.prnewswire.com/news-releases/academy-sports--outdoors-is-the-ultimate-tailgating-fan-shop-302865213.html)[[^]](https://www.prnewswire.com/news-releases/academy-sports--outdoors-teams-up-with-nike-and-jordan-brand-to-present-the-h-town-classic-3v3-basketball-tournament-302863115.html)[[^]](https://www.prnewswire.com/news-releases/academy-sports--outdoors-announces-second-quarter-fiscal-2026-results-conference-call-302858745.html)[[^]](https://www.prnewswire.com/news-releases/academy-sports--outdoors-and-ariat-international-expand-partnership-with-200-new-in-store-shops-this-fall-302858753.html)[[^]](https://www.prnewswire.com/news-releases/academy-sports--outdoors-fuels-growth-with-eleven-new-stores-opening-across-six-states-in-q3-302853337.html). This aggressive promotional stance is likely to compel Dick's to engage in margin-dilutive price matching or promotional discounting throughout Q3 to maintain and expand its **market** position [[^]](https://www.prnewswire.com/news-releases/dicks-sporting-goods-inc-reports-second-quarter-results-302859323.html)[[^]](https://finance.biggo.com/quote/DKS/earnings-call/US_DKS_2026-08-25)[[^]](https://**market**.news/dicks-sporting-goods-stock-crashes-as-q2-earnings-plunge-and-recovery-outlook-dims)[[^]](https://www.reuters.com/business/dicks-sporting-goods-cuts-annual-forecasts-athleticwear-demand-weakens-2026-08-25/).

Nike's marketing investments will contribute to overall promotional intensity. Nike's 2026 filing indicated an increase in "investment in demand creation including brand marketing and sports marketing, to support key product launches and sports moments" [[^]](https://www.sec.gov/Archives/edgar/data/1817358/000181735826000065/asoinc2025annualreport-fin.pdf?utm_source=openai)[[^]](https://www.prnewswire.com/news-releases/academy-sports--outdoors-is-the-ultimate-tailgating-fan-shop-302865213.html)[[^]](https://www.prnewswire.com/news-releases/academy-sports--outdoors-teams-up-with-nike-and-jordan-brand-to-present-the-h-town-classic-3v3-basketball-tournament-302863115.html)[[^]](https://www.prnewswire.com/news-releases/academy-sports--outdoors-announces-second-quarter-fiscal-2026-results-conference-call-302858745.html)[[^]](https://www.prnewswire.com/news-releases/academy-sports--outdoors-and-ariat-international-expand-partnership-with-200-new-in-store-shops-this-fall-302858753.html)[[^]](https://www.prnewswire.com/news-releases/academy-sports--outdoors-fuels-growth-with-eleven-new-stores-opening-across-six-states-in-q3-302853337.html). If Nike aggressively supports product launches while retailers like Academy, which featured Nike items in its back-to-school assortment, offer discounts around these events, Dick's could experience increased category demand alongside intensified pressure to compete on price [[^]](https://www.sec.gov/Archives/edgar/data/1817358/000181735826000065/asoinc2025annualreport-fin.pdf?utm_source=openai)[[^]](https://www.prnewswire.com/news-releases/academy-sports--outdoors-is-the-ultimate-tailgating-fan-shop-302865213.html)[[^]](https://www.prnewswire.com/news-releases/academy-sports--outdoors-teams-up-with-nike-and-jordan-brand-to-present-the-h-town-classic-3v3-basketball-tournament-302863115.html)[[^]](https://www.prnewswire.com/news-releases/academy-sports--outdoors-announces-second-quarter-fiscal-2026-results-conference-call-302858745.html)[[^]](https://www.prnewswire.com/news-releases/academy-sports--outdoors-and-ariat-international-expand-partnership-with-200-new-in-store-shops-this-fall-302858753.html)[[^]](https://www.prnewswire.com/news-releases/academy-sports--outdoors-fuels-growth-with-eleven-new-stores-opening-across-six-states-in-q3-302853337.html). The evidence suggests that Dick's Q3 2026 comparable sales will be significantly influenced by a back-to-school period characterized by elevated promotional intensity, driven by Academy's value-led campaigns and the momentum from Nike-backed assortments [[^]](https://www.sec.gov/Archives/edgar/data/1817358/000181735826000065/asoinc2025annualreport-fin.pdf?utm_source=openai)[[^]](https://www.prnewswire.com/news-releases/academy-sports--outdoors-is-the-ultimate-tailgating-fan-shop-302865213.html)[[^]](https://www.prnewswire.com/news-releases/academy-sports--outdoors-teams-up-with-nike-and-jordan-brand-to-present-the-h-town-classic-3v3-basketball-tournament-302863115.html)[[^]](https://www.prnewswire.com/news-releases/academy-sports--outdoors-announces-second-quarter-fiscal-2026-results-conference-call-302858745.html)[[^]](https://www.prnewswire.com/news-releases/academy-sports--outdoors-and-ariat-international-expand-partnership-with-200-new-in-store-shops-this-fall-302858753.html)[[^]](https://www.prnewswire.com/news-releases/academy-sports--outdoors-fuels-growth-with-eleven-new-stores-opening-across-six-states-in-q3-302853337.html).

## What Could Change the Odds

**Dick's Sporting Goods is projected to release its Q3 2026 financial results on November 24, 2026 [[^]](https://finance.biggo.com/news/US_DKS_2026-08-25).** Management has designated Q3 2026 as the most challenging quarter of the year, citing pronounced gross margin pressure and an expected ~50 basis points of SG&A deleverage at the midpoint [[^]](https://www.tradingkey.com/news/transcripts/262131191-tradingkey)[[^]](https://finance.biggo.com/quote/DKS/earnings-call/US_DKS_2026-08-25)[[^]](https://www.fool.com/investing/2026/08/25/dick-s-core-business-grew-comparable-sales-4-9-while-foot-locker-s-fell-3-6-here-s-why-the-full-year-guidance-still-came-down/).

**Following the Q2 2026 earnings report on August 25, 2026 [[^]](https://www.sec.gov/Archives/edgar/data/1089063/000108906326000033/dks-20260824.htm), the company maintained its core Dick's Business comparable sales growth guidance of 2.5% to 4.0% [[^]](https://www.reuters.com/business/dicks-sporting-goods-cuts-annual-forecasts-athleticwear-demand-weakens-2026-08-25/)[[^]](https://www.tradingkey.com/news/transcripts/262131191-tradingkey)[[^]](https://www.fool.com/investing/2026/08/25/dick-s-core-business-grew-comparable-sales-4-9-while-foot-locker-s-fell-3-6-here-s-why-the-full-year-guidance-still-came-down/).** Conversely, the Foot Locker Business pro forma comparable sales outlook was lowered to negative **2.0%** to **0.0%** from prior expectations of growth [[^]](https://www.reuters.com/business/dicks-sporting-goods-cuts-annual-forecasts-athleticwear-demand-weakens-2026-08-25/)[[^]](https://www.tradingkey.com/news/transcripts/262131191-tradingkey)[[^]](https://www.fool.com/investing/2026/08/25/dick-s-core-business-grew-comparable-sales-4-9-while-foot-locker-s-fell-3-6-here-s-why-the-full-year-guidance-still-came-down/). For fiscal year 2026, Dick's Sporting Goods maintains a comparable sales growth outlook of **2.5%** to **4.0%** for the DICK'S Business segment [[^]](https://www.sec.gov/Archives/edgar/data/1089063/000108906326000033/dks-2026801xex991earningsr.htm). The Foot Locker Business will be included in quarterly comparable store sales calculations beginning in the fourth quarter of fiscal 2026 [[^]](https://www.sec.gov/Archives/edgar/data/1089063/000108906326000033/dks-2026801xex991earningsr.htm).

**Bullish catalysts for Q3/Q4 include successful Foot Locker turnaround efforts, normalization of inventory levels, and easing promotional pressures [[^]](https://www.reuters.com/business/dicks-sporting-goods-cuts-annual-forecasts-athleticwear-demand-weakens-2026-08-25/)[[^]](https://finance.biggo.com/quote/DKS/earnings-call/US_DKS_2026-08-25)[[^]](https://finance.biggo.com/news/US_DKS_2026-08-25).** Bearish catalysts center on persistent promotional retail environments, weakness in athletic footwear demand, and geopolitical and macroeconomic headwinds in EMEA [[^]](https://www.reuters.com/business/dicks-sporting-goods-cuts-annual-forecasts-athleticwear-demand-weakens-2026-08-25/)[[^]](https://finance.biggo.com/quote/DKS/earnings-call/US_DKS_2026-08-25)[[^]](https://finance.biggo.com/news/US_DKS_2026-08-25).

## Key Dates & Catalysts

- **Expiration:** March 24, 2027
- **Closes:** March 24, 2027

## Decision-Flipping Events

- Dick's Sporting Goods is projected to release its Q3 2026 financial results on November 24, 2026 [^] .
- Management has designated Q3 2026 as the most challenging quarter of the year, citing pronounced gross margin pressure and an expected ~50 basis points of SG&A deleverage at the midpoint [^] [^] [^] .
- Following the Q2 2026 earnings report on August 25, 2026 [^] , the company maintained its core Dick's Business comparable sales growth guidance of **2.5%** to **4.0%** [^] [^] [^] .
- Conversely, the Foot Locker Business pro forma comparable sales outlook was lowered to negative **2.0%** to **0.0%** from prior expectations of growth [^] [^] [^] .

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## Historical Resolutions

**Historical Resolutions:** 6 markets in this series

**Outcomes:** 3 resolved YES, 3 resolved NO

**Recent resolutions:**

- KXDKS-26AUGCOMP-7: NO (Aug 25, 2026)
- KXDKS-26AUGCOMP-6: NO (Aug 25, 2026)
- KXDKS-26AUGCOMP-5: NO (Aug 25, 2026)
- KXDKS-26AUGCOMP-4: YES (Aug 25, 2026)
- KXDKS-26AUGCOMP-3: YES (Aug 25, 2026)

## Disclaimer

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### Data Sources & Model Transparency

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**Freshness:** Analysis is generated periodically and may not reflect the latest developments. Verify critical information from primary sources.

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