Dick’s Sporting Goods reported solid third-quarter results and will close additional Foot Locker stores as part of a broad restructuring effort following its acquisition of the athletic footwear chain.

The company posted $4.17 billion in net sales, up 36 per cent from a year earlier, boosted by increased customer traffic and higher spending across its core Dick’s business. 

Comparable-store sales for the legacy chain rose 5.7 per cent, driven by gains in both transaction volume and average ticket size.

“We delivered another strong quarter with Dick’s Business comps of 5.7 per cent, and we continue to operate from a position of strength,” said Ed Stack, executive chairman. 

The retailer continued to expand its footprint during the quarter, opening 13 new House of Sport stores and six Dick’s Field House locations. As of November 1, Dick’s operated 3230 locations across the Dick’s and Foot Locker businesses.

The company completed its $2.5 billion acquisition of Foot Locker on September 8, and has since begun a sweeping review of underperforming assets. The effort includes clearing slow-moving inventory, shuttering unproductive stores and realigning assets that no longer fit the long-term vision for the Foot Locker brand.

“At Foot Locker, we’ve assembled a world-class management team and are taking decisive actions to ‘clean out the garage’ by clearing unproductive inventory, closing underperforming stores and laying the foundation for a fresh start in 2026,” Stack added. 

“These steps, combined with our operational expertise, strong vendor relationships and the passion of our new team members, including the Stripers and Blue Shirts, will position the Foot Locker Business for profitable growth.” 

The company also announced the appointment of Matthew Barnes as president of Foot Locker International, a role he will assume on December 3.