DICK'S SPORTING GOODS, INC., 10-K filed on 3/27/2026
Annual Report
v3.26.1
Cover - USD ($)
 12 Months Ended
Jan. 31, 2026
Mar. 20, 2026
Aug. 01, 2025
Document Information [Line Items]      
Document Type 10-K    
Document Annual Report true    
Document Period End Date Jan. 31, 2026    
Current Fiscal Year End Date --01-31    
Document Transition Report false    
Entity File Number 001-31463    
Entity Registrant Name DICK'S SPORTING GOODS, INC.    
Entity Incorporation, State or Country Code DE    
Entity Tax Identification Number 16-1241537    
Entity Address, Address Line One 345 Court Street    
Entity Address, City or Town Coraopolis    
Entity Address, State or Province PA    
Entity Address, Postal Zip Code 15108    
City Area Code (724)    
Local Phone Number 273-3400    
Title of 12(b) Security Common Stock, $0.01 par value    
Trading Symbol DKS    
Security Exchange Name NYSE    
Entity Well-known Seasoned Issuer Yes    
Entity Voluntary Filers No    
Entity Current Reporting Status Yes    
Entity Interactive Data Current Yes    
Entity Filer Category Large Accelerated Filer    
Entity Small Business false    
Entity Emerging Growth Company false    
Entity Shell Company false    
Entity Public Float     $ 11,281,312,684
Entity Central Index Key 0001089063    
Document Fiscal Year Focus 2025    
Document Fiscal Period Focus FY    
Amendment Flag false    
ICFR Auditor Attestation Flag true    
Document Financial Statement Error Correction Flag false    
Common Stock      
Document Information [Line Items]      
Entity Common Stock, Shares Outstanding   65,474,242  
Class B Common Stock      
Document Information [Line Items]      
Entity Common Stock, Shares Outstanding   23,570,633  
v3.26.1
Auditor Information
 12 Months Ended
Jan. 31, 2026
Auditor Information [Abstract]  
Auditor Name Deloitte & Touche LLP
Auditor Location Pittsburgh, Pennsylvania
Auditor Firm ID 34
v3.26.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Income Statement [Abstract]      
Net sales $ 17,215,120 $ 13,442,849 $ 12,984,399
Cost of goods sold, including occupancy and distribution costs 11,547,858 8,617,153 8,450,664
GROSS PROFIT 5,667,262 4,825,696 4,533,735
Selling, general and administrative expenses 4,338,162 3,294,272 3,183,530
Merger and integration costs 164,191 0 0
Pre-opening expenses 69,000 57,492 67,840
OPERATING INCOME 1,095,909 1,473,932 1,282,365
Interest expense 64,263 52,987 58,023
Other income (110,327) (98,088) (93,809)
INCOME BEFORE INCOME TAXES 1,141,973 1,519,033 1,318,151
Provision for income taxes 292,734 353,725 271,632
NET INCOME $ 849,239 $ 1,165,308 $ 1,046,519
Earnings Per Share [Abstract]      
Basic (in dollars per share) $ 10.22 $ 14.48 $ 12.72
Diluted (in dollars per share) $ 9.97 $ 14.05 $ 12.18
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:      
Basic (in shares) 83,135 80,468 82,302
Diluted (in shares) 85,144 82,929 85,925
v3.26.1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Statement of Comprehensive Income [Abstract]      
Net income $ 849,239 $ 1,165,308 $ 1,046,519
OTHER COMPREHENSIVE INCOME (LOSS):      
Hedge contracts - change in fair value of derivatives, net of taxes of $(1,239), $— and $—, respectively 3,375 0 0
Hedge contracts - reclassifications, net of taxes of $529, $— and $—, respectively (1,118) 0 0
Pension and postretirement adjustments - net actuarial gain and foreign currency fluctuations arising during the year, net of taxes of $(2,769), $— and $—, respectively 8,226 0 0
Foreign currency translation adjustments, net of taxes of $(259), $134 and $24, respectively 8,085 (426) (77)
TOTAL OTHER COMPREHENSIVE INCOME (LOSS) 18,568 (426) (77)
COMPREHENSIVE INCOME $ 867,807 $ 1,164,882 $ 1,046,442
v3.26.1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - Parenthetical - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Statement of Comprehensive Income [Abstract]      
Hedge contracts - change in fair value of derivatives, tax $ (1,239) $ 0 $ 0
Hedge contracts - reclassifications, tax 529 0 0
Pension and postretirement adjustments - net actuarial gain and foreign currency fluctuations arising during the year, tax (2,769) 0 0
Foreign currency translation adjustments, tax $ (259) $ 134 $ 24
v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jan. 31, 2026
Feb. 01, 2025
CURRENT ASSETS:    
Cash and cash equivalents $ 1,353,226 $ 1,689,940
Accounts receivable, net 475,852 214,250
Income taxes receivable 68,455 4,920
Inventories, net 4,907,823 3,349,830
Prepaid expenses and other current assets 299,435 158,767
Total current assets 7,104,791 5,417,707
Property and equipment, net 3,512,776 2,069,914
Operating lease assets 4,594,670 2,367,317
Intangible assets, net 768,575 58,598
Goodwill 864,047 245,857
Deferred income taxes 82,501 52,684
Other assets 484,139 246,617
TOTAL ASSETS 17,411,499 10,458,694
CURRENT LIABILITIES:    
Accounts payable 1,986,990 1,497,743
Accrued expenses 1,115,306 653,324
Operating lease liabilities 1,004,909 503,236
Income taxes payable 7,533 30,718
Deferred revenue and other liabilities 528,820 395,041
Total current liabilities 4,643,558 3,080,062
LONG-TERM LIABILITIES:    
Revolving credit borrowings 0 0
Long-term debt and financing lease obligations 1,905,299 1,484,217
Long-term operating lease liabilities 4,836,435 2,500,307
Deferred income taxes 203,920 0
Other long-term liabilities 282,167 195,844
Total long-term liabilities 7,227,821 4,180,368
Commitments and contingencies
STOCKHOLDERS' EQUITY:    
Preferred stock 0 0
Additional paid-in capital 3,724,836 1,495,329
Retained earnings 6,827,900 6,392,513
Accumulated other comprehensive income (loss) 17,813 (755)
Treasury stock, at cost (5,031,318) (4,689,626)
Total stockholders' equity 5,540,120 3,198,264
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 17,411,499 10,458,694
Common Stock    
STOCKHOLDERS' EQUITY:    
Common stock $ 653 $ 567
Common stock, outstanding shares 65,273,398 56,659,055
Class B Common Stock    
STOCKHOLDERS' EQUITY:    
Common stock $ 236 $ 236
Common stock, outstanding shares   23,570,633
v3.26.1
CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares
Jan. 31, 2026
Feb. 01, 2025
Preferred stock, par value (in dollars per share) $ 0.01 $ 0.01
Preferred stock, authorized shares 5,000,000 5,000,000
Treasury stock shares acquired 78,048,486 76,464,640
Common Stock    
Common stock, par value (in dollars per share) $ 0.01  
Common stock, authorized shares 1,000,000,000  
Common stock, issued shares 143,321,884 133,123,695
Common stock, outstanding shares 65,273,398 56,659,055
Class B Common Stock    
Common stock, par value (in dollars per share) $ 0.01  
Common stock, authorized shares 200,000,000  
Common stock, issued shares 23,570,633  
Common stock, outstanding shares   23,570,633
v3.26.1
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Common Stock
Common Stock
Common Stock
Class B Common Stock
Additional Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive Loss
Treasury Stock
BALANCE (in shares) at Jan. 28, 2023   58,547,000 23,571,000        
BALANCE at Jan. 28, 2023 $ 2,524,623 $ 585 $ 236 $ 1,416,847 $ 4,878,404 $ (252) $ (3,771,197)
Increase (Decrease) in Stockholders' Equity              
Retirement of convertible senior notes due 2025 and termination of convertible bond hedge and warrants (in shares)   1,723,000          
Retirement of convertible senior notes due 2025 and termination of convertible bond hedge and warrants 58,472 $ 17   58,455      
Exercise of stock options (in shares)   615,000          
Exercise of stock options 15,205 $ 6   15,199      
Restricted stock vested (in shares)   2,086,000          
Restricted stock vested 0 $ 21   (21)      
Minimum tax withholding requirements (in shares)   (695,000)          
Minimum tax withholding requirements (98,917) $ (7)   (98,910)      
Net income 1,046,519       1,046,519    
Stock-based compensation (57,285)     (57,285)      
Foreign currency translation adjustment, net of taxes $ (77)         (77)  
Purchase of shares for treasury (in shares) (5,439,000) (5,439,000)          
Purchase of shares for treasury, including excise tax $ (649,820) $ (54)         (649,766)
Cash dividends declared 336,009       336,009    
BALANCE (in shares) at Feb. 03, 2024   56,837,000 23,571,000        
BALANCE at Feb. 03, 2024 2,617,281 $ 568 $ 236 1,448,855 5,588,914 (329) (4,420,963)
Increase (Decrease) in Stockholders' Equity              
Exercise of stock options (in shares)   715,000          
Exercise of stock options 18,000 $ 7   17,993      
Restricted stock vested (in shares)   573,000          
Restricted stock vested 0 $ 6   (6)      
Minimum tax withholding requirements (in shares)   (203,000)          
Minimum tax withholding requirements (42,515) $ (1)   (42,514)      
Net income 1,165,308       1,165,308    
Stock-based compensation (71,001)     (71,001)      
Foreign currency translation adjustment, net of taxes $ (426)         (426)  
Purchase of shares for treasury (in shares) (1,263,000) (1,263,000)          
Purchase of shares for treasury, including excise tax $ (268,676) $ (13)         (268,663)
Cash dividends declared 361,709       361,709    
BALANCE (in shares) at Feb. 01, 2025   56,659,000 23,571,000        
BALANCE at Feb. 01, 2025 3,198,264 $ 567 $ 236 1,495,329 6,392,513 (755) (4,689,626)
Increase (Decrease) in Stockholders' Equity              
Share consideration for Foot Locker acquisition (in shares)   9,580,000          
Share consideration for Foot Locker acquisition 2,144,211 $ 96   2,144,115      
Pre-combination fair value of replacement equity awards 29,032     29,032      
Exercise of stock options (in shares)   91,000          
Exercise of stock options 1,514 $ 1   1,513      
Restricted stock vested (in shares)   863,000          
Restricted stock vested 0 $ 8   (8)      
Minimum tax withholding requirements (in shares)   (336,000)          
Minimum tax withholding requirements (68,815) $ (3)   (68,812)      
Net income 849,239       849,239    
Stock-based compensation (123,667)     (123,667)      
Hedge contracts, net of tax           2,257  
Pension and postretirement adjustments, net of tax           8,226  
Foreign currency translation adjustment, net of taxes $ 8,085         8,085  
Purchase of shares for treasury (in shares) (1,584,000) (1,584,000)          
Purchase of shares for treasury, including excise tax $ (341,708) $ (16)         (341,692)
Cash dividends declared 413,852       413,852    
BALANCE (in shares) at Jan. 31, 2026   65,273,000 23,571,000        
BALANCE at Jan. 31, 2026 $ 5,540,120 $ 653 $ 236 $ 3,724,836 $ 6,827,900 $ 17,813 $ (5,031,318)
v3.26.1
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Statement of Stockholders' Equity [Abstract]      
Hedge contracts, tax $ (710)    
Pension and postretirement adjustments - net actuarial gain and foreign currency fluctuations arising during the year, tax (2,769)    
Foreign currency translation adjustment, taxes $ 259 $ (134) $ (24)
Cash dividends declared per share (in dollars per share) $ 4.85 $ 4.40 $ 4.00
v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 849,239 $ 1,165,308 $ 1,046,519
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 488,630 400,409 393,933
Amortization of deferred financing fees and debt discount 11,709 2,333 2,364
Deferred income taxes 99,816 (14,838) 3,343
Stock-based compensation 123,667 71,001 57,285
Other, net (24,930) (6,565) 9,332
Changes in assets and liabilities:      
Accounts receivable (17,957) (11,865) (4,236)
Inventories 181,316 (501,033) 18,823
Prepaid expenses and other assets (70,724) (57,159) (18,220)
Accounts payable (122,001) 185,883 20,365
Accrued expenses (90,018) 58,941 (2,462)
Income taxes payable / receivable (11,626) (26,155) 29,167
Construction allowances provided by landlords 161,659 76,287 67,061
Deferred revenue and other liabilities 39,976 41,536 25,190
Operating lease assets and liabilities (81,413) (72,248) (121,129)
Net cash provided by operating activities 1,537,343 1,311,835 1,527,335
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures (1,137,176) (802,565) (587,426)
Cash acquired from acquisition of Foot Locker, net of cash paid 257,095 0 0
Proceeds from sale of other assets 0 11,872 27,500
Other investing activities (174,408) (5,865) (54,750)
Net cash used in investing activities (1,054,489) (796,558) (614,676)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Principal paid in connection with exchange of convertible senior notes 0 0 137
Payment of bridge facility financing fees (7,863) 0 0
Payments on financing lease obligations (1,142) 0 (823)
Transaction costs for debt issuance (1,000) 0 0
Proceeds from exercise of stock options 1,514 18,000 15,205
Minimum tax withholding requirements (68,815) (42,515) (98,917)
Cash paid for treasury stock (347,132) (263,021) (648,554)
Cash dividends paid to stockholders (413,853) (361,727) (351,201)
Increase in bank overdraft 16,985 23,132 48,679
Net cash used in financing activities (821,306) (626,131) (1,035,748)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 1,738 (426) (77)
NET DECREASE IN CASH AND CASH EQUIVALENTS (336,714) (111,280) (123,166)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 1,689,940 1,801,220 1,924,386
CASH AND CASH EQUIVALENTS, END OF PERIOD 1,353,226 1,689,940 1,801,220
Supplemental disclosure of cash flow information:      
Accrued property and equipment 197,256 111,289 72,486
Cash paid during the fiscal year for interest, net of capitalized amounts 52,783 50,677 57,486
Cash paid during the fiscal year for income taxes 255,826 399,467 243,244
Accrued treasury stock $ 0 $ 5,000 $ 0
v3.26.1
Basis of Presentation and Summary of Significant Accounting Policies
 12 Months Ended
Jan. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Basis of Presentation and Summary of Significant Accounting Policies
DICK’S Sporting Goods, Inc. (together with its subsidiaries, referred to as “the Company”, “we”, “us” and “our” unless specified otherwise) is a leading global sports retailer offering an extensive assortment of authentic, high-quality sports equipment, apparel, footwear and accessories through a blend of dedicated employees, in-store experiences and unique specialty shop-in-shops. The Company’s banners include DICK’S Sporting Goods stores, Golf Galaxy, Public Lands and Going Going Gone! stores in addition to the experiential retail concepts DICK’S House of Sport and Golf Galaxy Performance Center, and also offers its products online and through its mobile apps. Additionally, as owner and operator of Foot Locker, which includes Foot Locker, Kids Foot Locker, Champs Sports, WSS and atmos banners, the Company serves the global sneaker community across North America, Europe, Asia and Australia, plus a licensed presence in Europe, the Middle East and Asia. The Company also owns and operates GameChanger, a youth sports mobile platform for live streaming, scheduling, communications and scorekeeping.
On September 8, 2025, the Company completed the acquisition of Foot Locker, Inc. and its subsidiaries ("Foot Locker"). The consolidated financial statements within this Annual Report on Form 10-K include the results of Foot Locker as a wholly-owned subsidiary of DICK’S Sporting Goods, Inc. from the date of acquisition forward through January 31, 2026. Refer to Note 2 – Acquisition of Foot Locker for further information.
When used in this Annual Report on Form 10-K, unless the context otherwise requires or specifies, any reference to “year” is to the Company’s fiscal year.
Fiscal Year
The Company’s fiscal year ends on the Saturday closest to the end of January. Unless otherwise stated, references to years in this Annual Report on Form 10-K relate to fiscal years, rather than to calendar years. Fiscal years 2025, 2024 and 2023 ended on January 31, 2026, February 1, 2025 and February 3, 2024, respectively. All fiscal years presented include 52 weeks of operations except fiscal 2023, which included 53 weeks.
Principles of Consolidation
The Consolidated Financial Statements include DICK’S Sporting Goods, Inc. and its wholly-owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation.
Reclassifications
Certain reclassifications have been made to prior year amounts within the Consolidated Financial Statement Footnotes to conform to the current year presentation.
Use of Estimates in the Preparation of Financial Statements
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Cash and Cash Equivalents
Cash and cash equivalents consist of cash on hand and all highly liquid instruments purchased with a maturity of three months or less at the date of purchase. Cash equivalents primarily consist of money market funds and commercial paper and are stated at carrying value, which approximates fair value, and are considered Level 1 investments. Interest income was $41.9 million, $77.9 million and $79.7 million for fiscal 2025, 2024 and 2023, respectively, and is recorded within other income on the Consolidated Statements of Income.
Cash and cash equivalents were comprised of the following for the fiscal years presented (in thousands):
20252024
Cash (1)
$352,014 $600,940 
Money market funds1,001,212 1,089,000 
Total cash and cash equivalents$1,353,226 $1,689,940 
(1)Cash includes amounts due from third-party financial institutions for the settlement of credit card and debit card transactions, which typically process within three business days.
Cash Management
The Company’s cash management system provides for the reimbursement of all major bank disbursement accounts on a daily basis. Accounts payable at January 31, 2026 and February 1, 2025 include $96.9 million and $79.9 million, respectively, of checks drawn in excess of cash balances not yet presented for payment.
Accounts Receivable
Accounts receivable primarily consist of amounts due from vendors and landlords. The amount of accounts receivable due from landlords as of January 31, 2026 and February 1, 2025 was $274.0 million and $160.2 million, respectively.
Inventories, net
The Company determines inventory cost using different valuation methods across the DICK’S Sporting Goods and Foot Locker segments. For the DICK’S segment, inventory cost is determined using the weighted average cost method and consists of the direct costs of merchandise including freight, net of shrinkage, obsolescence, other valuation accounts and vendor allowances. For the Foot Locker segment, inventory cost is primarily determined using the retail inventory method, and includes freight, distribution center and sourcing costs. Additionally, inventory cost for the Foot Locker segment is net of shrinkage and valuation reserves when current selling prices have not been marked down to market. Cost determination for Foot Locker merchandise inventories varies by geographic region, primarily comprised of last-in, first out (“LIFO”) for domestic inventories and first-in, first-out (“FIFO”) for international inventories. The value of LIFO inventories as calculated on a LIFO basis, approximates their value as calculated on a FIFO basis. Merchandise inventories for WSS and atmos banners are determined using the weighted average cost method. Inventories are stated at the lower of cost and net realizable value for inventories determined using weighted average cost, or market, for inventories determined using retail inventory method.
Inventories are net of shrinkage, obsolescence, other valuation accounts and vendor allowances, totaling $219.8 million and $180.1 million at January 31, 2026 and February 1, 2025, respectively.
Property and Equipment, Net
Property and equipment are recorded at cost and include finance lease assets. Renewals and betterments are capitalized. Repairs and maintenance are expensed as incurred.
Depreciation is computed using the straight-line method over the following estimated useful lives:
Buildings and improvements
10-40 years
Leasehold improvements
10-25 years
Furniture, fixtures and equipment
3-10 years
Computer software
2-10 years
For leasehold improvements and property and equipment under finance lease agreements, depreciation is calculated using the straight-line method over the shorter of the estimated useful lives of the assets or the lease term. Leasehold improvements made after lease commencement are depreciated over the shorter of their estimated useful lives or the remaining lease term, including renewal periods, if reasonably assured. The Company recognized depreciation expense of $483.3 million, $397.4 million and $353.8 million in fiscal 2025, 2024 and 2023, respectively.
Capitalized Software Costs
Computer software includes certain costs associated with the acquisition and development of software, which consist of internally developed software and software purchased from third parties for internal use. The Company amortizes these costs using the straight-line method over the estimated useful lives of the software, which is generally two to ten years. Certain upgrades or modifications to the Company’s internally-used software are capitalized if they enhance the software’s functionality or extend its useful life. These costs are included within property and equipment on the Company’s Consolidated Balance Sheets.

Impairment of Long-Lived Assets
The Company evaluates its long-lived assets and assesses whether the carrying values have been impaired whenever events and circumstances indicate that the carrying values of these assets may not be recoverable based on estimated undiscounted future cash flows. An impairment loss is recognized when the estimated undiscounted cash flows expected to result from the use of the asset plus eventual net proceeds expected from disposition of the asset, if any, are less than the carrying value of the asset. When an impairment loss is recognized, the carrying amount of the asset is reduced to its estimated fair value as determined based on quoted market prices or through the use of other valuation techniques. The related impairment expense is recorded within selling, general and administrative expenses on the Consolidated Statements of Income.
Goodwill
Goodwill represents the excess of acquisition cost over the fair value of the net assets of acquired entities. The Company assesses the carrying value of goodwill annually or whenever circumstances indicate that a decline in value may have occurred.
The Company’s goodwill impairment test compares the fair value of each reporting unit to its carrying value. The Company determines the fair value of its reporting units using a combination of the income approach, by using a discounted cash flow model, and a market value approach. If the fair value of the reporting unit exceeds the carrying value of the net assets assigned to that reporting unit, goodwill is not impaired. If the carrying value of the net assets assigned to the reporting unit exceeds the fair value of the reporting unit, an impairment charge to selling, general and administrative expenses is recorded to reduce the carrying value to the fair value. A reporting unit is the operating segment, or a business unit one level below that operating segment, for which discrete financial information is prepared and regularly reviewed by management.
Intangible Assets
The Company’s intangible assets are indefinite-lived, consisting mostly of trademarks and acquired trade names, which the Company tests annually for impairment, or whenever circumstances indicate that a decline in value may have occurred, using Level 3 inputs. The Company estimates the fair value of these intangible assets based on an income approach using the relief-from-royalty method and recognizes an impairment charge when the estimated fair value of the intangible asset is less than its carrying value.
Derivative Financial Instruments
All derivative financial instruments are recorded in the Company’s Consolidated Balance Sheet at fair value. For derivatives designated as a hedge, the effective portion of the gain or loss on the hedging derivative instrument is reported as a component of other comprehensive income/loss or as a basis adjustment to the underlying hedged item and reclassified to earnings in the period in which the hedged item affects earnings. To the extent derivatives do not qualify or are not designated as hedges, or are ineffective, their changes in fair value are recorded in earnings immediately, which may subject the Company to increased earnings volatility. Cash receipts and payments are classified according to their nature in the statement of cash flows; however, cash flows from a derivative instrument that is accounted for as a fair value hedge are classified in the same category as the cash flows from the items being hedged.
Pension and Postretirement Obligations
Pension benefit obligations and net periodic pension costs are calculated using actuarial assumptions, including the discount rate and expected rate of return on plan assets. The discount rate is determined by reference to the Willis Towers Watson RATE:Link interest rate model that uses bond yield data to calculate an average spot rate for each future year. The model calculates a single discount rate that matches the present value for all future years in aggregate. The Company measures plan assets and benefit obligations using the calendar month end date that is closest to our fiscal year end. The expected return on plan assets assumption is derived using the current and expected asset allocation of the pension plan assets and considers
historical as well as expected performance of those assets. Refer to Note 15 – Retirement Plans and Other Benefits for further information.
Self-Insurance
The Company is self-insured for certain losses related to health, workers' compensation and general liability insurance, although a stop-loss coverage is maintained with third-party insurers to limit the Company’s liability exposure. Liabilities associated with these losses are estimated in part by considering historical claims experience, industry factors, severity factors and other actuarial assumptions.
Earnings Per Common Share
Basic earnings per common share is computed based on the weighted average number of shares of common stock outstanding for a given period. Diluted earnings per common share is computed based on the weighted average number of shares of common stock outstanding, plus the effect of dilutive potential common shares, which include shares the Company could have been obligated to issue from its convertible senior notes due 2025 (the “Convertible Senior Notes”) and warrants prior to their retirement in the first quarter of fiscal 2023, and stock-based awards, such as stock options and restricted stock. Dilutive potential common shares are excluded from the computation of earnings per share if their effect is anti-dilutive.
For all periods presented, dilutive potential common shares for the Company’s stock-based awards were determined using the treasury stock method. For fiscal year 2023, the dilutive effect of the Convertible Senior Notes was calculated using the if-converted method.
Stock-Based Compensation
The Company has the ability to grant teammates a number of different stock-based awards, including restricted shares of common stock, restricted stock units and stock options to purchase common stock, under the DICK’S Sporting Goods, Inc. Amended and Restated 2012 Stock and Incentive Plan (the “2012 Plan”). The Company records stock-based compensation expense based on the fair value of stock awards at the grant date and recognizes the expense over the employees’ service periods. For performance-based awards, recognition of stock-based compensation expense also includes management’s estimate of the probability of performance criteria as of the end of each reporting period. Stock-based compensation expense is recognized net of estimated forfeitures and expense is not recognized for awards that do not vest if service or performance conditions are not satisfied.
Income Taxes
The Company utilizes the asset and liability method of accounting for income taxes and provides deferred income taxes for temporary differences between the amounts reported for assets and liabilities for financial statement purposes and for income tax reporting purposes, using enacted tax rates in effect in the years in which the differences are expected to reverse. The Company recognizes the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the relevant taxing authorities, based on the technical merits of the position. The tax benefits recognized in the Consolidated Financial Statements from such a position are measured based on the largest benefit that will more likely than not be realized upon ultimate settlement. Interest and penalties from income tax matters are recognized in income tax expense.
Revenue Recognition
Sales Transactions
Revenue is recognized upon satisfaction of all contractual performance obligations and transfer of control to the customer and is measured as the amount of consideration to which the Company expects to be entitled to in exchange for corresponding goods or services. Substantially all of the Company’s sales are single performance obligation arrangements for retail sale transactions for which the transaction price is equivalent to the stated price of the product or service, net of any stated discounts applicable at a point in time. Each sales transaction results in an implicit contract with the customer to deliver a product or service at the point of sale. Revenue from retail sales is recognized at the point of sale. Sales tax amounts collected from customers that are assessed by a governmental authority are excluded from revenue.
Revenue from eCommerce sales, including vendor-direct sales arrangements, is recognized upon shipment of merchandise. Shipping and handling activities occurring subsequent to the transfer of control to the customer are accounted for as fulfillment costs rather than as a promised service. Subscription revenue from our GameChanger platform is recognized ratably over the subscription period with our customers. A provision for anticipated merchandise returns is provided through a reduction of sales and cost of goods sold in the period that the related sales are recorded.
Deferred Revenue
Revenue from gift cards and returned merchandise credits (collectively the “cards”) is deferred and recognized upon their redemption. Income from unredeemed cards is recognized on the Consolidated Statements of Income within net sales in proportion to the pattern of rights exercised by the customer in future periods. The Company performs an evaluation of historical redemption patterns from the date of original issuance to estimate future period redemption activity. During the fiscal years ended January 31, 2026 and February 1, 2025, the Company recognized $41.3 million and $30.6 million of gift card breakage revenue, respectively. For the DICK’S segment, approximately $118.5 million and $115.5 million of gift card redemptions were recorded in fiscal 2025 and fiscal 2024, respectively, that had been included in its gift card liability as of February 1, 2025 and February 3, 2024, respectively. Additionally, the Company acquired gift card liabilities totaling $22.5 million in connection with the Foot Locker acquisition. Based on the Company’s historical experience, the majority of gift card revenue is recognized within 12 months of deferral. The cards have no expiration date.
Loyalty program points are accrued at the estimated retail value per point, net of estimated breakage. The Company estimates the breakage of loyalty points based on historical redemption rates experienced within the loyalty programs. Based on the Company’s customer loyalty program policies, the majority of program points earned are redeemed or expire within 12 months. Refer to Note 7 – Deferred Revenue and Other Liabilities for additional information regarding the amount of these liabilities at January 31, 2026 and February 1, 2025.
Net sales by category
The following table disaggregates the amount of net sales attributable to hardlines, apparel and footwear for the last three fiscal years (in millions):
 
Fiscal Year
2025 (4)
20242023
Footwear (1)
$6,888.0 $3,829.0 $3,388.7 
Hardlines (2)
5,048.3 4,899.3 4,915.5 
Apparel
4,895.4 4,425.4 4,329.8 
Other (3)
383.4 289.1 350.4 
Total net sales $17,215.1 $13,442.8 $12,984.4 
(1)Includes athletic shoes for running, walking, tennis, fitness and cross training, basketball and hiking. In addition, this category also includes specialty footwear, including casual footwear and a complete line of cleats for team sports.
(2)Includes items such as sporting goods equipment, fitness equipment, golf equipment and fishing gear.
(3)Includes the Company’s non-merchandise sales categories, including in-store services, shipping, GameChanger, retail media network and licensing revenues.
(4)Includes $3.1 billion of net sales for the Foot Locker segment since the acquisition date. Refer to Note 2 – Acquisition of Foot Locker for additional information.
Cost of Goods Sold
Cost of goods sold includes: the cost of merchandise and services (inclusive of vendor allowances, inventory shrinkage and inventory write-downs for the lower of cost or net realizable value, or market, for inventories using the retail inventory method, and GameChanger costs); freight; distribution; shipping; and store occupancy costs. The Company defines merchandise margin as net sales less the cost of merchandise and services sold. Store occupancy costs include rent, common area maintenance charges, real estate and other asset-based taxes, general maintenance, utilities, depreciation and certain insurance expenses.
Selling, General and Administrative Expenses
Selling, general and administrative expenses include payroll and fringe benefits for our stores, field support, administrative and our GameChanger platform, advertising, bank card charges, operating costs associated with the Company’s internal eCommerce platform, technology, marketing, other store expenses and all expenses associated with operating the Company’s Customer Support Center (“CSC”) and other administrative offices.
Advertising Costs
Production costs for all forms of advertising and the costs to run the advertisements are expensed the first time the advertisement takes place. Advertising expense, net of cooperative advertising, was $641.1 million, $519.0 million and $478.1 million for fiscal 2025, 2024 and 2023, respectively.
Business Development Allowances
Business development allowances include allowances, rebates and cooperative advertising funds received from vendors. These funds are determined for each fiscal year and the majority are based on various quantitative contract terms. Amounts expected to be received from vendors for the purchase of merchandise inventories (“vendor allowances”) are recognized as a reduction of cost of goods sold as the merchandise is sold. Amounts that represent a reimbursement of advertising costs incurred, commonly referred to as cooperative advertising, are recorded as a reduction to the related expense in the period that the expense is incurred.
Merger and Integration Costs
Merger and integration costs include legal and regulatory fees, other professional services, employee retention and severance costs related to the acquisition of Foot Locker. Merger and integration costs were $164.2 million for the fiscal year ended January 31, 2026. Refer to Note 2 – Acquisition of Foot Locker for further information.
Pre-opening Expenses
Pre-opening expenses, which consist primarily of rent, marketing (inclusive of grand opening advertising costs), payroll, recruiting and other store preparation costs are expensed as incurred. Rent is recognized within pre-opening expense from the date the Company takes possession of a site through the date of store opening and during periods when stores are closed for remodeling.
Construction Allowances
Substantially all of the Company’s store locations are leased. The Company may receive reimbursement from a landlord for a portion of the cost of the structure, subject to satisfactory fulfillment of applicable lease provisions. These reimbursements may be referred to as tenant allowances or construction allowances provided by landlords (“construction allowances”). The Company’s accounting for construction allowances is determined such that the Company is not deemed to have control of the underlying asset prior to lease commencement and therefore reimbursement from the landlord for tenant improvements are typically classified as lease incentives and are included as a reduction to the related operating lease asset on the Consolidated Balance Sheets. The incentive is amortized as part of operating lease expense on a straight-line basis over the term of the lease. Landlord reimbursements from these transactions are included in cash flows from operating activities as a change in construction allowances provided by landlords.
Leases
The Company determines whether a contract is or contains a lease at contract inception. Operating lease assets and liabilities are recognized at the lease’s commencement date based on the present value of remaining fixed lease payments over the lease term. As the rate implicit in the lease is not readily determinable in most of the Company’s leases, the Company uses its incremental borrowing rate based on the information available at a lease’s commencement date to determine the present value of lease payments. The Company’s incremental borrowing rate for a lease is the rate of interest it would have to pay on a collateralized basis to borrow an amount equal to the lease payments under similar terms. The operating lease asset also includes any fixed lease payments made, net of lease incentives, and initial direct costs incurred.
Operating lease expense for fixed lease payments is recognized on a straight-line basis over the lease term. Variable lease payments are generally expensed as incurred and may include certain index-based changes in rent and other non-fixed payments for services provided by the lessor. The Company’s lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. The Company’s leases do not contain any material residual guarantees or material restrictive covenants.
The Company has lease agreements with non-lease components that relate to the lease components and elected the practical expedient to account for non-lease components, and the lease components to which they relate, as a single lease component for all classes of underlying assets. The Company also elected the practical expedient to not recognize short-term leases with an initial term of 12 months or less on the Consolidated Balance Sheets.
Foreign Currency Translation
The functional currency of the Company’s international operations is the applicable local currency. The translation of the applicable foreign currency into U.S. dollars is performed using current exchange rates in effect at the balance sheet date for balance sheet accounts, historical rates for equity accounts and the weighted-average rates of exchange prevailing during the year for revenue and expense accounts. The unearned gains and losses resulting from such translation are included as a separate component of accumulated other comprehensive income/loss within stockholders' equity.
Supply Chain Financing
The Company has entered into supply chain financing arrangements with certain third-party financial institutions, whereby suppliers have the opportunity to settle outstanding payment obligations early at a discount. The Company does not have an economic interest in suppliers’ voluntary participation and the Company does not provide any guarantees or pledge assets under these arrangements. The Company settles invoices with the third-party financial institutions in accordance with the original supplier payment terms. The Company’s rights and obligations to its suppliers, including amounts due and scheduled payment terms, are not impacted by these arrangements. Liabilities associated with the funded participation in these arrangements, which are presented within accounts payable on the Consolidated Balance Sheets, were $33.2 million and $49.6 million as of January 31, 2026 and February 1, 2025, respectively.
The following table illustrates the changes in the outstanding obligations within supply chain financing arrangements as of the fiscal years presented below (in thousands):
20252024
Balance at beginning of year
$49,555 $45,884 
Invoices confirmed
180,992 229,588 
Confirmed invoices paid
(197,344)(225,917)
Balance at end of year
$33,203 $49,555 
Recently Adopted Accounting Pronouncement
Improvements to Income Tax Disclosures
In December 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures,” which requires that an entity, on an annual basis, disclose additional income tax information, primarily related to the rate reconciliation and income taxes paid. The amendments in this ASU are intended to enhance the transparency and decision usefulness of income tax disclosures and are effective for annual periods beginning after December 15, 2024, with early adoption permitted for annual financial statements that have not yet been issued. The amendments should be applied on a prospective basis, although retrospective application is permitted. The Company adopted ASU 2023-09 on a prospective basis during the fourth quarter of fiscal 2025. Refer to Note 13 – Income Taxes for further information.
Recently Issued Accounting Pronouncements
Disaggregation of Income Statement Expenses
In November 2024, the FASB issued ASU 2024-03, “Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses,” which requires a public entity
to disclose additional information about specific expense categories in the notes to financial statements on an annual and interim basis. The amendments are effective for annual periods beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027, with early adoption permitted. A public entity should apply the amendments either prospectively to financial statements issued for reporting periods after the effective date of this ASU or retrospectively to any or all prior periods presented in the financial statements. The Company is currently evaluating the impact that adoption of this accounting standard will have on its financial disclosures.
Targeted Improvements to the Accounting for Internal-Use Software
In September 2025, the FASB issued ASU 2025-06, “Intangibles – Goodwill and Other – Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software,” which is intended to improve and modernize the accounting for software costs to better align with the evolution of software development. The amendments are effective for annual periods beginning after December 15, 2027, and interim periods within those annual periods, with early adoption permitted as of the beginning of an annual reporting period. The amendments may be applied on a prospective basis, a modified basis for in-process projects or on a retrospective basis. The Company is currently evaluating the impact that adoption of this accounting standard will have on the Company’s Financial Statements.
v3.26.1
Acquisition of Foot Locker
 12 Months Ended
Jan. 31, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Acquisition of Foot Locker
On May 15, 2025, the Company entered into a definitive merger agreement (the “Merger Agreement”) to acquire Foot Locker, a leading footwear and apparel retailer (the “Transaction”). Under the terms of the Merger Agreement, Foot Locker shareholders were permitted to elect to receive either (i) $24.00 in cash or (ii) 0.1168 shares of DICK’S Sporting Goods common stock for each share of Foot Locker common stock (“Stock Consideration”). On August 22, 2025, Foot Locker shareholders voted to adopt the Merger Agreement and the deadline to submit elections under the Merger Agreement was August 29, 2025.
On September 8, 2025, pursuant to the Merger Agreement, Foot Locker became a wholly-owned subsidiary of DICK’S Sporting Goods. The Transaction was an opportunity to create a global platform to serve a broader set of athletes through differentiated iconic concepts and robust digital experiences, supported by strong brand partnerships as a combined company, within the growing sports retail industry. Total purchase consideration for the Transaction was $2.5 billion, which was partially funded by cash on-hand in addition to the other components of consideration detailed in the table below:
(in thousands)September 8, 2025
Fair value of Stock Consideration$2,144,211 
Cash paid for outstanding Foot Locker common stock222,962 
Fair value of previously held equity interest (1)
111,632 
Pre-combination fair value of replacement equity awards 29,032 
Cash paid for the settlement of equity awards4,825 
Total fair value of consideration exchanged$2,512,662 
(1)Represents the fair value of 4.3 million shares of Foot Locker common stock held by the Company prior to the Transaction, which were retired pursuant to the Merger Agreement.
Preliminary Purchase Price Allocation
We have accounted for the Transaction as a business combination under the acquisition method in accordance with Accounting Standards Codification (“ASC”) 805, Business Combinations. The following table summarizes the preliminary purchase price allocation of the estimated fair values of assets acquired and liabilities assumed as of September 8, 2025:
(in thousands)September 8, 2025
Cash and cash equivalents$484,882 
Accounts receivable and other receivables147,432 
Inventories1,718,069 
Prepaid expenses and other current assets179,388 
Property and equipment697,865 
Operating lease assets1,876,206 
Intangible assets710,000 
Goodwill618,840 
Deferred income tax assets78,268 
Other assets144,264 
Accounts payable(590,654)
Accrued expenses(482,387)
Current operating lease liabilities(443,533)
Deferred revenue and other liabilities(112,253)
Long-term debt and financing lease obligations(420,760)
Long-term operating lease liabilities(1,876,709)
Deferred income tax liabilities(152,931)
Other long-term liabilities(63,325)
Total preliminary purchase price$2,512,662 
The fair value of the identifiable intangible assets acquired, trade names of the Foot Locker business, were estimated by utilizing the relief-from-royalty method, an income approach, utilizing Level 3 inputs and determined to have an indefinite life.
In connection with the Transaction, the Company recorded valuation allowances of $285.8 million as of the acquisition date. These allowances relate to deferred tax assets that are not more likely than not to be realized, primarily those associated with net operating loss carryforwards in certain foreign jurisdictions, along with other net deferred tax assets. The Company also established $6.4 million of net deferred tax liabilities recorded to goodwill on the excess of financial reporting basis over the tax basis of acquired assets. The measurement of these deferred tax liabilities reflects assumptions and estimates inherent in the Company’s preliminary purchase price allocation, which may be revised as additional information becomes available during the measurement period in accordance with ASC 805, Business Combinations.
The fair value of assets acquired and liabilities assumed are preliminary and based on the Company’s estimates and assumptions as of acquisition date, subject to change as additional information is obtained within the measurement period which will not exceed twelve months from the date of the Transaction; the purchase price allocation may be revised and the impact may be material. During the 13 weeks ended January 31, 2026, adjustments to the preliminary purchase price allocation resulted in a $160.4 million increase in goodwill primarily related to the refinement of the fair value of long-lived assets, along with the corresponding deferred tax impacts. The adjustments made during the fourth quarter of fiscal 2025 did not result in a significant impact to the Consolidated Statement of Income. The most significant areas of acquisition accounting not considered final are litigation contingencies, long-lived assets, and income taxes, which may impact the total goodwill recognized as well.
Goodwill
Goodwill is calculated as the excess consideration over the net assets acquired and attributable to future economic benefits expected resulting from the Transaction, including the assembled workforce of Foot Locker, sales and growth opportunities expanding into new markets and synergies post-combination. Approximately $24.0 million of the total preliminary goodwill recognized in acquisition accounting is deductible for tax purposes. Goodwill recognized will be tested periodically for impairment as required by ASC 350 Intangibles - Goodwill and Other. Refer to Note 5 – Goodwill and Intangible Assets for further information.
Results of operations
The Foot Locker reportable segment contributed net sales of $3.1 billion and net loss of $60.0 million during fiscal 2025.
Unaudited pro forma financial information
The following unaudited pro forma combined financial information presents the combined results of the Company as if the Transaction had been completed on February 4, 2024. The unaudited pro forma combined financial information is provided for informational purposes only and may not be indicative of the operating results that would have occurred if the Transaction had occurred on February 4, 2024, nor is it indicative of the future results of the Company following the Transaction.
(in thousands, except per share amounts)Fiscal 2025Fiscal 2024
Net sales$21,786,502 $21,431,183 
Net income$755,469 $1,142,955 
Basic earnings per common share$8.51 $12.69 
Diluted earnings per common share$8.30 $12.34 
The unaudited pro forma information for periods presented includes the following accounting impacts resulting from the Transaction: (i) compensation expense for the fair value of the replacement equity awards; (ii) depreciation expense on property and equipment; (iii) lease expense, including favorable/unfavorable market terms, for acquired leases; (iv) interest expense for the senior notes due 2029; and (v) the elimination of the goodwill impairment charge of $110 million recorded in Foot Locker’s condensed consolidated statement of operations for the 26 weeks ended August 2, 2025. The pro forma net income for fiscal 2024 includes $169.5 million of acquisition-related costs, and the pro forma net income for fiscal 2025 excludes acquisition-related costs recognized in fiscal 2025. The unaudited pro forma financial information does not reflect any anticipated synergies or dis-synergies, operating efficiencies, or cost savings that may result from the integration costs that may be incurred.
Weighted average common shares outstanding in the calculation of basic and diluted earnings per share for both periods presented was adjusted to include the dilutive effect of 9.6 million shares of DICK’S Sporting Goods common stock issued as consideration for the Transaction.
v3.26.1
Earnings Per Common Share
 12 Months Ended
Jan. 31, 2026
Earnings Per Share [Abstract]  
Earnings Per Common Share
The computations for basic and diluted earnings per common share were as follows for the fiscal years presented below (in thousands, except per share data):
 
202520242023
Numerator:
Net income for earnings per common share – basic
$849,239 $1,165,308 $1,046,519 
Effect of dilutive securities
Interest expense associated with Convertible Senior Notes, net of tax— — 337 
Net income for earnings per common share – diluted
$849,239 $1,165,308 $1,046,856 
Denominator:
Weighted average common shares outstanding – basic
83,135 80,468 82,302 
Dilutive effect of stock-based awards2,009 2,461 2,977 
Dilutive effect of warrants— — 254 
Dilutive effect of Convertible Senior Notes— — 392 
Weighted average common shares outstanding – diluted
85,144 82,929 85,925 
Earnings per common share:
Basic$10.22 $14.48 $12.72 
Diluted$9.97 $14.05 $12.18 
Stock-based awards excluded from diluted shares63 18 186 
Fiscal 2025 weighted average common shares outstanding included approximately 3.9 million shares from the 9.6 million shares of the Company’s common stock and replacement equity awards issued in connection with the Foot Locker acquisition. Refer to Note 2 – Acquisition of Foot Locker for additional information.
v3.26.1
Property and Equipment
 12 Months Ended
Jan. 31, 2026
Property, Plant and Equipment [Abstract]  
Property and Equipment
Property and equipment consist of the following as of the end of the fiscal years presented below (in thousands):
20252024
Land, buildings and improvements
$950,097 $643,526 
Leasehold improvements
3,328,234 2,583,589 
Furniture, fixtures and equipment
1,911,866 1,394,010 
Computer software
969,932 746,664 
Total property and equipment
7,160,129 5,367,789 
Less: accumulated depreciation and amortization(3,647,353)(3,297,875)
Net property and equipment
$3,512,776 $2,069,914 
The amounts above include construction in progress of $566.1 million and $271.6 million for fiscal 2025 and 2024, respectively, and $38.3 million of finance lease assets as of January 31, 2026 attributable to the Foot Locker segment.
v3.26.1
Goodwill and Other Intangible Assets
 12 Months Ended
Jan. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets
Goodwill
The following table presents changes in the carrying amount of goodwill recorded in the Company’s Consolidated Balance Sheets, summarized by reportable segment, including amounts recognized as part of the Transaction to the Foot Locker reportable segment (in thousands):
Fiscal 2025
DICK’S SegmentFoot Locker SegmentTotal
Balance as of February 1, 2025$245,857 $— $245,857 
Acquisition of Foot Locker— 618,840 618,840 
Currency translation— (650)(650)
Balance as of January 31, 2026$245,857 $618,190 $864,047 
The carrying amount of goodwill for the DICK’S reportable segment is net of accumulated impairments of $115.9 million for both fiscal 2025 and 2024. In fiscal 2023, the Company recorded $4.6 million of impairment charges in connection with the Business Optimization, refer to Note 12 – Fair Value Measurements for further information. No impairment charges were recorded in fiscal 2025 or 2024.
Intangible Assets
The components of intangible assets were as follows as of the end of the fiscal years presented below (in thousands):
 
20252024
 
Gross AmountAccumulated AmortizationGross AmountAccumulated Amortization
Trademarks (indefinite-lived)$35,165 $— $35,165 $— 
Trade names (indefinite-lived) (1)
725,637 — 15,660 — 
Other indefinite-lived intangible assets
7,773 — 7,773 — 
Total indefinite-lived intangible assets768,575 — 58,598 — 
Customer lists
18,195 (18,195)18,195 (18,195)
Total intangible assets
$786,770 $(18,195)$76,793 $(18,195)
(1)The increase in trade names during fiscal 2025 is due to $710.0 million of trade names recognized in the acquisition of Foot Locker on September 8, 2025, including the impact of currency translation.
In fiscal 2023, the Company recorded a $2.2 million impairment of an indefinite-lived trademark that was no longer in use within selling, general and administrative expenses on the Consolidated Statement of Income. In addition, the Company recorded amortization on its finite-lived intangible assets of $0.2 million and $1.5 million in fiscal 2024 and 2023, respectively; the customer lists were fully amortized as of the end of fiscal 2024.
v3.26.1
Accrued Expenses
 12 Months Ended
Jan. 31, 2026
Accrued Liabilities, Current [Abstract]  
Accrued Expenses
Accrued expenses consist of the following as of the end of the fiscal years presented below (in thousands):
20252024
Payroll, withholdings and benefits$397,698 $256,881 
Real estate taxes, utilities and other occupancy costs149,221 93,208 
Property and equipment212,561 111,552 
Advertising63,144 41,890 
Sales tax54,816 38,278 
Other 237,866 111,515 
Total accrued expenses$1,115,306 $653,324 
v3.26.1
Deferred Revenue and Other Liabilities
 12 Months Ended
Jan. 31, 2026
Deferred Credits and Other Liabilities [Abstract]  
Deferred Revenue and Other Liabilities
Deferred revenue and other liabilities consist of the following as of the end of the fiscal years presented below (in thousands):
20252024
Current:
  
Deferred gift card revenue
$305,548 $260,248 
Customer loyalty program
110,473 52,097 
Other
112,799 82,696 
Total current deferred revenue and other liabilities
$528,820 $395,041 
Long-term:
 
Deferred compensation$178,006 $153,707 
Other
104,161 42,137 
Total other long-term liabilities
$282,167 $195,844 
v3.26.1
Operating Leases
 12 Months Ended
Jan. 31, 2026
Leases, Operating [Abstract]  
Operating Leases
The Company leases substantially all of its stores, administrative offices for the Foot Locker segment, nine of its distribution centers including three for the DICK’S segment and six for the Foot Locker segment, and certain equipment under non-cancellable operating leases that expire at various dates through 2043. The Company’s DICK’S stores generally have initial lease terms of 10 to 15 years and contain multiple five-year renewal options and rent escalation provisions. The Company’s acquired Foot Locker stores typically have initial lease terms that range from 5 to 10 years, generally contain rent escalation provisions and some of these store leases contain renewal options with varying terms and conditions. These lease agreements provide primarily for the payment of minimum annual rentals, costs of utilities, property taxes, maintenance, common areas and insurance.
The components of lease cost for the following fiscal years presented below were as follows (in thousands):
202520242023
Operating lease cost$886,966 $636,744 $612,595 
Short-term lease cost53,931 26,186 31,234 
Variable lease cost234,805 131,832 125,043 
Sublease income(10,348)(11,842)(11,730)
Total lease cost$1,165,354 $782,920 $757,142 
Supplemental cash flow information related to operating leases for the following fiscal years are presented below (in thousands):
202520242023
Cash paid for amounts included in the measurement of operating lease liabilities$967,611 $708,988 $733,455 
Non-cash operating lease assets obtained in exchange for operating lease liabilities $1,247,318 $767,645 $697,499 

Supplemental balance sheet information related to operating leases were as follows:
January 31,
2026		February 1,
2025
Weighted average remaining lease term for operating leases7.71 years7.37 years
Weighted average discount rate for operating leases5.21 %5.51 %
Future maturities of operating lease liabilities were as follows as of January 31, 2026 (in thousands):
Fiscal Year
2026$1,256,381 
20271,173,619 
2028963,462 
2029787,586 
2030643,099 
Thereafter2,347,506 
Total future undiscounted lease payments7,171,653 
Less: imputed interest(1,330,309)
      Total reported lease liability$5,841,344 
The Company has entered into operating leases related to future store locations that have not yet commenced. As of January 31, 2026, the future minimum payments on these leases approximated $756.0 million.
The Company acts as sublessor on several operating leases. As of January 31, 2026, total future undiscounted minimum rentals under non-cancellable subleases approximated $35.0 million.
v3.26.1
Revolving Credit Facility
 12 Months Ended
Jan. 31, 2026
Debt Disclosure [Abstract]  
Revolving Credit Facility
On June 6, 2025, the Company terminated its existing $1.6 billion unsecured revolving credit facility dated January 14, 2022 (the “Existing Credit Facility”) and entered into a new revolving credit agreement (the “Credit Agreement”), with Wells Fargo Bank, National Association, as administrative agent, and certain other financial institutions party thereto, as lenders, providing for a $2.0 billion unsecured revolving credit facility (the “Credit Facility”), of which $75 million is available for letters of credit. The Credit Facility matures on June 6, 2030, subject to extensions permitted under the Credit Agreement, and allows for $700.0 million in additional incremental borrowing capacity, subject to existing or new lenders’ agreement to provide such additional revolving commitments.
The loans under the Credit Facility bear interest at an alternate base rate or an adjusted secured overnight financing rate (“SOFR”) plus, in each case, an applicable margin which will initially be 0.125% with respect to the alternate base rate and 1.125% with respect to the adjusted SOFR, subject to adjustment based on the Company’s public debt rating. The Credit Facility allows voluntary repayment of outstanding loans at any time without premium or penalty, other than customary breakage costs with respect to SOFR loans. The unused portion of the Credit Facility is subject to a commitment fee of 0.11% per year as of January 31, 2026, which is adjusted based on the Company’s public debt rating. There were no borrowings outstanding under the Company’s revolving line of credit agreements at January 31, 2026 or February 1, 2025. After adjusting for outstanding letters of credit of $26.7 million, the Company’s total remaining borrowing capacity under the Credit Facility was $1.97 billion at January 31, 2026.
The Credit Agreement contains representations and warranties, affirmative and negative covenants and events of default customary for unsecured financings of this type, including negative covenants that, among other things, limit the ability of the Company and certain of its subsidiaries to incur liens, limit the ability of the Company to make certain fundamental changes and limit the ability of the Company’s non-guarantor subsidiaries to incur indebtedness, in each case subject to a number of important exceptions and qualifications. The Credit Agreement also contains a maximum lease-adjusted leverage ratio covenant. The Company was in compliance with all covenants of the Credit Agreement as of January 31, 2026.
Commercial Paper
During December 2025, the Company initiated a commercial paper program, which is supported by its $2.0 billion Credit Facility. Under this program, the Company may issue unsecured commercial paper notes with a maximum aggregate amount outstanding of $500.0 million, with individual maturities that may vary but not exceed 397 days from the date of issuance. The Credit Facility serves as a liquidity backstop for our commercial paper program. There were no borrowings at any point during fiscal 2025, and as of January 31, 2026, there were no borrowings outstanding under the Company’s commercial paper program.
v3.26.1
Long-Term Debt and Financing Lease Obligations
 12 Months Ended
Jan. 31, 2026
Senior Notes [Abstract]  
Long-Term Debt and Financing Lease Obligations
Senior Notes
2032 and 2052 Notes
On January 14, 2022, the Company issued $750.0 million aggregate principal amount of 3.15% senior notes due 2032 (the “2032 Notes”) and $750.0 million aggregate principal amount of 4.10% senior notes due 2052 (the “2052 Notes”). The 2032 Notes and 2052 Notes were issued under a base indenture, dated as of January 14, 2022 (the “Base Indenture”), as supplemented by a supplemental indenture, dated as of January 14, 2022, in each case by and between the Company and U.S. Bank National Association, as trustee. The 2032 and 2052 Notes are unsecured, unsubordinated obligations of the Company and rank equally in right of payment to all of the Company’s existing and future unsecured and unsubordinated debt and other obligations. The Company is required to pay interest on the 2032 and 2052 Notes semi-annually, in arrears, on January 15 and July 15 of each year, commencing on July 15, 2022.
Net proceeds from the issuance of the 2032 and 2052 Notes totaled approximately $1.5 billion, after deducting the applicable discount. The Company also incurred approximately $15.3 million in offering expenses, including underwriting fees, related to the issuance of the 2032 and 2052 Notes. Together, the discount, underwriting fees and offering expenses will be amortized over the respective terms of the 2032 and 2052 Notes using the effective interest method.
2029 Notes
On September 11, 2025, the Company completed an offer to exchange (the “Exchange Offer”) any and all outstanding 4.00% senior notes due 2029 issued by Foot Locker (the “Original 2029 Notes”) for up to $400.0 million aggregate principal amount of new 4.00% senior notes due 2029 issued by the Company (the “Exchanged 2029 Notes”) and in certain instances, cash, and the related solicitation of consents (the “Consent Solicitation”) to adopt certain proposed amendments to the indenture governing the Original 2029 Notes.
An aggregate principal amount of $381.9 million, or 95.48%, of the Original 2029 Notes were tendered and accepted in the Exchange Offer. The portion of Original 2029 Notes not exchanged, totaling $18.1 million in aggregate principal, remained an outstanding obligation of Foot Locker, our wholly-owned subsidiary, and are subordinate to our other outstanding long-term debt. Collectively, the Exchanged 2029 Notes and remaining Original 2029 Notes are the “2029 Notes.” The debt exchange was not considered an extinguishment of debt as the financial terms of the Exchanged 2029 Notes issued by the Company do not substantially differ from the Original 2029 Notes. In connection with the Exchange Offer, the Company solicited and obtained sufficient consents to amend the Original 2029 Notes and the related indenture with the trustee for the Original 2029 Notes to eliminate all restrictive covenants, certain affirmative covenants and the obligation to repurchase upon change of control from the remaining $18.1 million of Original 2029 Notes outstanding as of September 11, 2025.
The Exchanged 2029 Notes were issued under the Base Indenture, as supplemented by a supplemental indenture, dated as of September 11, 2025, in each case by and between the Company and U.S. Bank National Association, as trustee. The Exchanged 2029 Notes are unsecured, unsubordinated obligations of the Company and rank equally in right of payment to all of the Company’s existing and future unsecured and unsubordinated debt and other obligations. The Company is required to pay interest on the 2029 Notes semi-annually, in arrears, on April 1 and October 1 of each year, commencing on October 1, 2025.
The Company recorded the 2029 Notes at a fair value of $384.0 million as of September 8, 2025, the acquisition date, which included a fair value adjustment recognized as part of acquisition accounting and consent fees, the total of which will be amortized over the term of the 2029 Notes utilizing the effective interest method. Refer to Note 2 – Acquisition of Foot Locker for additional information.
Collectively, the 2032 Notes, 2052 Notes and 2029 Notes are referred to as “the Senior Notes.”
Redemption
The Company may redeem the Senior Notes in whole or in part, at its option, at any time and from time-to-time prior to (i) in the case of the 2029 Notes, July 1, 2029 (the date that is three months before the maturity date of the 2029 Notes), (ii) in the case of the 2032 Notes, October 15, 2031 (the date that is three months before the maturity date of the 2032 Notes), and (iii) in the case of the 2052 Notes, July 15, 2051 (the date that is six months before the maturity date of the 2052 Notes) (the applicable date with respect to each such series of Senior Notes, the “Applicable Par Call Date”), in each case, at a “make-whole” price described in the supplemental indentures plus accrued and unpaid interest to, but excluding, the redemption date. In addition, on
or after the Applicable Par Call Date, the Company may redeem any series of the Senior Notes, in whole or in part, at its option, at any time and from time-to-time, at a redemption price equal to 100% of the principal amount of the Senior Notes of such series to be redeemed plus accrued and unpaid interest thereon to, but excluding, the redemption date.
Change in Control
In the event of certain change of control triggering events with respect to the Senior Notes of any series (subject to certain exceptions), the Company will be required to make an offer to each holder of the applicable Notes of such series to repurchase all or part of its Senior Notes of such series at a purchase price in cash equal to 101% of the principal amount of such Senior Notes, plus accrued and unpaid interest, if any, to, but excluding, the date of purchase.
Covenants
The Base Indenture and supplemental indentures contain certain covenants that, among other things, restrict the Company’s and certain of its subsidiaries’ ability to incur certain indebtedness secured by liens on certain assets and limit the ability of the Company to make certain fundamental changes, in each case subject to a number of exceptions and qualifications described in the Base Indenture and supplemental indentures. The Base Indenture and supplemental indentures also provides for customary events of default which, if any of them occur, would permit or require the principal of and accrued interest on the Senior Notes to become or to be declared due and payable, as applicable. The Company was in compliance with its covenants at January 31, 2026.
Other Obligations
In April 2020, the Company closed on an aggregate $575.0 million of 3.25% Convertible Senior Notes. In connection with the issuance of the Convertible Senior Notes, the Company purchased a bond hedge to offset the potential dilution to stockholders from the conversion of the Convertible Senior Notes, partially offsetting its cost by selling warrants to acquire shares of the Company’s common stock. In the first quarter of fiscal 2023, the Company retired the remaining $59.1 million of Convertible Senior Notes, which was substantially settled by shares of the Company’s common stock, and together with the termination of the bond hedge and warrants, the Company issued 1.7 million shares of its common stock and recorded $58.5 million to additional paid-in-capital.
The Company also has financing leases acquired through the Foot Locker acquisition, whose assets and liabilities are reflected within property and equipment, net, current deferred revenue and other liabilities and long-term debt and financing lease obligations. The costs and cash flow impacts associated with these financing leases were not significant for fiscal 2025.
The components of long-term debt, including the Company’s Senior Notes, and financing lease obligations were as follows for the fiscal years presented (in thousands):
20252024
2029 Notes (1)
$400,000 $— 
2032 Notes750,000 750,000 
2052 Notes750,000 750,000 
Total principal for Senior Notes1,900,000 1,500,000 
Financing lease obligations39,242 — 
Total debt and financing lease obligations1,939,242 1,500,000 
Discounts, issuance costs and current portion of financing lease obligations(33,943)(15,783)
Total long-term debt and financing lease obligations$1,905,299 $1,484,217 
(1)Includes $18.1 million of aggregate principal issued by Foot Locker, not exchanged under the Exchange Offer.
The Company recognized interest expense related to the Senior Notes of $63.2 million in fiscal 2025 and $55.3 million in each of fiscal 2024 and 2023, using an effective interest rate of 5.16% on the 2029 Notes, 3.28% on the 2032 Notes and 4.18% on the 2052 Notes.
v3.26.1
Financial Instruments
 12 Months Ended
Jan. 31, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Financial Instruments
Derivative Holdings Designated as Hedges
In connection with the Foot Locker acquisition, the Company acquired a cross-currency swap contract to reduce the effect of the fluctuating U.S. dollar ("USD") to Japanese yen ("JPY") foreign exchange rate on a foreign currency-denominated intercompany loan between Foot Locker’s Japanese and U.S. subsidiaries. The cross-currency swap contract has a notional amount of JPY 11 billion and final receipt of $85 million USD. The cross-currency swap contract, which matures on November 2, 2031, swaps yen-denominated interest payments for USD-denominated interest payments, thereby economically converting the JPY 11 billion fixed-rate 3.51% intercompany loan to a fixed-rate 6.77% USD-denominated receivable for Foot Locker’s U.S. subsidiary.
The cross-currency swap contract was designated to hedge the changes in value of Foot Locker’s intercompany loan and its variability on earnings. The Company applies fair value hedge accounting and considers market factors other than the change in the spot exchange rate on the notional amount of the swap to be excluded components. The foreign currency spot rate fluctuations on the cross-currency swap notional amount and interest accruals are reported in earnings each period, while all other changes are reported in other comprehensive income/loss. Because the terms of the hedged item and the hedging instrument match and the likelihood of swap counterparty default is not probable, the hedge is expected to exactly offset changes in the fair value of the foreign currency debt resulting from foreign currency fluctuations over the term of the swap.
As of January 31, 2026, the cross-currency swap had a fair value of $18.4 million, which is included within other long-term assets on the Consolidated Balance Sheets. The Company recorded changes in the fair value of the contract to accumulated other comprehensive income. Each period, the Company reclassifies an amount out of accumulated other comprehensive income equal to the remeasurement gain or loss on the hedged intercompany loan that is recorded in selling, general and administrative expenses. As of January 31, 2026, there was $2.3 million in accumulated other comprehensive income, net of tax, related to the cross-currency swap. In addition, the Company recognizes swap interest income based on the differential in fixed interest rates per the contract, which was $1.3 million for fiscal 2025. Refer to Note 16 – Stockholders' Equity for further information regarding amounts recorded within accumulated other comprehensive income and Note 12 – Fair Value Measurements for fair value of derivative disclosures.
Derivative Holdings Not Designated as Hedges
Foot Locker has certain derivative contracts that are not designated as hedges, such as foreign exchange forward and spot contracts. Changes in the fair value of derivative holdings not designated as hedges, as well as realized gains and premiums paid, are recorded in earnings immediately within selling, general and administrative expenses. The aggregate amount recognized for these contracts was not significant for the fiscal 2025 period.
v3.26.1
Fair Value Measurements
 12 Months Ended
Jan. 31, 2026
Fair Value Disclosures [Abstract]  
Fair Value Measurements
ASC 820, “Fair Value Measurement and Disclosures”, outlines a valuation framework and creates a fair value hierarchy for assets and liabilities as follows:
Level 1:  Observable inputs such as quoted prices in active markets;
Level 2:  Inputs, other than quoted prices in active markets, that are observable either directly or indirectly; and
Level 3:  Unobservable inputs in which there is little or no market data, which require the reporting entity to develop
its own assumptions.
Recurring
The Company records deferred compensation plan assets held in trust at fair value on a recurring basis using Level 1 inputs within other long-term assets on the Consolidated Balance Sheets. Such assets consist of investments in various mutual and money market funds made by eligible individuals as part of the Company’s deferred compensation plans, as discussed in Note 15 – Retirement Plans and Other Benefits. As of January 31, 2026 and February 1, 2025, the fair value of the Company’s deferred compensation plans was $178.0 million and $153.7 million, respectively. The liability for compensation deferred under the Company’s plans is included within other long-term liabilities on the Consolidated Balance Sheets.
In connection with the Foot Locker acquisition, the Company acquired derivative financial instruments, which are valued using market-based inputs to valuation models. These valuation models require a variety of inputs, including contractual terms, market prices, yield curves, and measures of volatility and therefore are classified as Level 2 instruments.
Assets and liabilities measured at fair value on a recurring basis for the following periods are set forth in the table below (in thousands):
January 31, 2026February 1, 2025
Assets:
Level 1:
Deferred compensation plan assets held in trust$178,006 $153,707 
Level 2:
Available-for-sale security5,544 — 
Foreign exchange forward contracts727 — 
Cross-currency swap contract18,449 — 
Total assets$202,726 $153,707 
Liabilities:
Level 1:
Deferred compensation liabilities$178,006 $153,707 
Level 2:
Foreign exchange forward contracts6,469 — 
Total liabilities$184,475 $153,707 
Due to their short-term nature, the fair value of cash and cash equivalents, accounts receivable, accounts payable and certain other liabilities approximated their carrying values at January 31, 2026 and February 1, 2025.
Nonrecurring
Assets and liabilities recognized or disclosed at fair value on a nonrecurring basis include property and equipment, operating lease assets, goodwill and other intangible assets, equity and certain other assets. These assets are required to be assessed for impairment when events or circumstances indicate that the carrying value may not be recoverable, and at least annually for goodwill and indefinite-lived intangible assets. If an impairment is required, the asset is adjusted to fair value using Level 3 inputs.
During fiscal 2025, the Company purchased $119.5 million of investments. These investments consist of $69.5 million of Foot Locker equity securities and $50.0 million for an equity method investment. The fair value of the Foot Locker securities owned by the Company on September 8, 2025 was $111.6 million, which was included in the purchase price consideration as part of the Foot Locker acquisition. The Company recorded a non-cash gain of $42.2 million in fiscal 2025 related to these equity securities within other income on the Consolidated Statements of Income, resulting from net changes in Foot Locker’s underlying stock price during the respective periods. The equity method investment is included within other long-term assets on the Consolidated Balance Sheets. Refer to Note 2 – Acquisition of Foot Locker for additional information.
During fiscal 2023, as part of the Business Optimization, the Company eliminated certain positions primarily at its CSC and optimized its outdoor business, which included the integration of its Moosejaw and Public Lands operations, decisions about their go-forward inventory assortment and a comprehensive review of their store portfolios and closure of ten Moosejaw stores. The Company incurred pre-tax charges of $84.8 million from its Business Optimization, including $46.1 million of non-cash impairments of store and intangible assets, $26.7 million of severance-related costs and a $12.0 million write-down of inventory. The $12.0 million write-down of inventory is reflected within cost of goods sold, while the remaining $72.8 million of severance-related costs and non-cash impairments are reflected within selling, general and administrative expenses on the Consolidated Statement of Income. Depreciation and amortization on the Consolidated Statement of Cash Flows included $35.5 million of non-cash impairment of store assets from these actions in fiscal 2023.
Long-term Debt
The Company discloses the fair value of its Senior Notes using Level 2 inputs, which are based on quoted prices for similar or identical instruments in inactive markets, as follows (in thousands):
January 31, 2026February 1, 2025
Carrying ValueFair ValueCarrying ValueFair Value
2029 Notes $384,500 $394,132 $— $— 
2032 Notes$744,722 $690,683 $743,933 $657,608 
2052 Notes$740,484 $548,258 $740,284 $546,165 
v3.26.1
Income Taxes
 12 Months Ended
Jan. 31, 2026
Income Tax Disclosure [Abstract]  
Income Taxes
Provision for Income Taxes
The components of the provision for income taxes are as follows for the fiscal years presented (in thousands):
202520242023
Current:
  
Federal
$124,523 $292,197 $212,369 
State
62,067 76,366 55,920 
International6,328 — — 
Total current provision192,918 368,563 268,289 
Deferred:
  
Federal
94,068 (13,255)4,301 
State
4,265 (1,583)(958)
International1,483 — — 
Total deferred provision99,816 (14,838)3,343 
Total provision
$292,734 $353,725 $271,632 
In accordance with the adoption of ASU 2023-09 on a prospective basis, the following table reflects the reconciliation of the federal statutory rate to the Company’s effective income tax rate for the current fiscal year (dollar amounts in thousands):
2025
AmountPercent
U.S. federal statutory tax rate$239,814 21.00 %
Domestic state and local income taxes, net of federal income tax effect (1)
47,689 4.17 %
Foreign tax effects10,959 0.96 %
Effect of changes in tax laws or rates enacted in the current period— — %
Effect of cross-border tax laws3,957 0.35 %
Tax credits(17,290)(1.51)%
Changes in valuation allowances(2,565)(0.22)%
Nontaxable or nondeductible items:
Transaction costs13,674 1.20 %
Other (2)
(7,905)(0.70)%
Changes in unrecognized tax benefits4,389 0.38 %
Other adjustments 12 — %
Effective income tax rate$292,734 25.63 %
(1)State taxes in New York, California, Pennsylvania, Illinois, New Jersey and Massachusetts represent the majority (greater than 50%) of the tax effect in this category.
(2)Includes $9.1 million of excess tax benefits from stock-based compensation, net of non-deductible amounts.
In accordance with the adoption of ASU 2023-09 on a prospective basis, the following table reflects the domestic and international components of income before income taxes are as follows (in thousands):
2025
Domestic$1,145,517 
International(3,544)
Total income before income taxes$1,141,973 
Domestic income before income taxes includes the results of non-U.S. operations in branches owned directly by the U.S., which are subject to U.S. income tax.
For fiscal years prior to the adoption of ASU 2023-09, the following table is a reconciliation of the statutory federal income tax rate to the Company’s effective tax rate for the periods presented:
20242023
Federal statutory rate
21.0 %21.0 %
State tax, net of federal benefit
4.2 %4.2 %
Excess tax benefit related to stock-based compensation(1.8)%(4.9)%
Eliminated bond hedge deduction following Convertible Senior Notes exchanges— %0.2 %
Other permanent items
(0.1)%0.1 %
Effective income tax rate
23.3 %20.6 %
Components of deferred tax assets (liabilities) consist of the following as of the end of the fiscal years presented (in thousands):
20252024
Operating lease liabilities$1,521,547 $782,953 
Inventory
62,267 57,793 
Employee benefits and withholdings75,456 49,653 
Stock-based compensation
22,780 18,395 
Gift cards
27,240 24,946 
Other accrued expenses not currently deductible for tax purposes69,753 16,338 
Net operating loss carryforward237,242 — 
Capital loss, credits and other carryforwards72,882 — 
Other
33,789 13,973 
Total deferred tax assets
2,122,956 964,051 
Valuation allowance(315,687)— 
Total deferred tax assets, net1,807,269 964,051 
Operating lease assets(1,191,771)(605,401)
Property and equipment
(407,708)(274,823)
Inventory valuation
(132,249)(27,849)
Intangibles
(189,325)— 
Other
(7,635)(3,294)
Total deferred tax liabilities
(1,928,688)(911,367)
Net deferred tax (liability) asset$(121,419)$52,684 
In fiscal 2025, of the $121.4 million net deferred tax liability, $82.5 million is included within other long-term assets and $203.9 million was included within long-term liabilities on the Consolidated Balance Sheet. In fiscal 2024, the $52.7 million net deferred tax asset was included in its entirety within other long-term assets.
As of January 31, 2026, the Company has established cumulative valuation allowances of $315.7 million related to the Foot Locker segment to reduce our deferred tax assets to an amount that is more likely than not to be realized. A valuation allowance of $279.7 million was recorded against tax loss carryforwards and other tax attributes of certain foreign entities. Based on the history of losses and the absence of prudent and feasible business plans for generating future taxable income in these entities, the Company believes it is more likely than not that the benefit of these loss carryforwards will not be realized. As of January 31, 2026, a valuation allowance of $26.5 million was established to offset deferred tax assets on capital losses as the Company does not have any reasonably foreseeable sources of capital gains in the U.S. or Canada. Additionally, a valuation allowance of $6.8 million was established for foreign taxes assessed at rates in excess of the U.S. federal tax rate for which no U.S. foreign tax credit is available. The Company also has a valuation allowance of $2.7 million related to losses from a legal entity restructuring.
At January 31, 2026, the Company has international operating loss carryforwards of approximately $1,137.9 million, and other tax attributes with a potential tax benefit of $257.8 million, including unrecognized tax benefits. Of this amount, $6.6 million relates to gross operating loss carryforwards of $30.8 million that will expire between 2026 and 2040. The remaining international operating loss carryforwards do not expire. Additionally, the Company has international minimum tax credit carryforwards with a potential tax benefit of $2.6 million.
The Company also has U.S. capital loss carryforwards of $135.2 million, or $34.7 million, net of tax, which can be carried back 3 years and forward for 5 years after realization, and Canadian capital loss carryforwards of $1.9 million, or $0.5 million, net of tax, which can be carried forward indefinitely. The Company also has gross U.S. state operating loss carryforwards with a potential benefit of $117.1 million, or $6.5 million, net of tax, that will expire between 2035 and 2055, and has foreign tax credit carryforwards with a potential tax benefit of $6.9 million that will expire between 2029 and 2035.
No additional income taxes have been provided for any remaining undistributed foreign earnings or foreign withholdings and U.S. state taxes not subject to the one-time transition tax under the 2017 Tax Cuts and Jobs Act (“TCJA”), as the Company intends to permanently reinvest the earnings from foreign subsidiaries outside of the United States. The amount of any unrecorded deferred tax liability is expected to be minimal due to the availability of the 100% dividends received deduction, along with insignificant state and withholding tax impacts.
During fiscal 2025 the Company paid federal, state and foreign income taxes, net of refunds received, of $175.3 million, $65.2 million, and $8.4 million, respectively.
Unrecognized Tax Benefits
The following table provides a reconciliation of the Company’s total balance of unrecognized tax benefits, excluding interest and penalties (in thousands):
202520242023
Beginning of fiscal year
$6,250 $2,851 $1,058 
Increase as a result of Foot Locker acquisition (1)
29,863 — — 
Increases as a result of tax positions taken in a prior period
1,961 3,201 1,463 
Decreases as a result of tax positions taken in a prior period
(54)(1,058)— 
Increases as a result of tax positions taken in the current period5,424 1,364 — 
Increases as a result of settlements during the current period— — 364 
Decreases as a result of settlements during the current period
(1,632)(108)(34)
Reductions as a result of a lapse of statute of limitations during the current period
(1,578)— — 
End of fiscal year
$40,234 $6,250 $2,851 
(1)Fiscal 2025 includes foreign currency translation adjustments of $1.0 million.
The balance at January 31, 2026 includes $37.4 million of unrecognized tax benefits that would impact our effective tax rate if recognized. The Company recognizes accrued interest and penalties from unrecognized tax benefits in income tax expense.
As of January 31, 2026 the Company’s total liability for uncertain tax positions, including $4.5 million for interest and penalties, was approximately $35.6 million. The Company recorded an expense of $0.6 million during fiscal 2025, a benefit of $0.4 million during fiscal 2024 and an expense of $0.7 million during fiscal 2023 related to the accrual of interest and penalties in the Consolidated Statements of Income. The Company does not anticipate that changes in its unrecognized tax benefits will have a material impact on the Consolidated Statements of Income during fiscal 2026.
Audits
The Company participates in the Internal Revenue Service (“IRS”) Compliance Assurance Program (“CAP”). As part of CAP, tax years are audited on a contemporaneous basis so that all or most issues are resolved prior to the filing of the tax return. The IRS has completed examinations of 2024 and all prior tax years and is no longer subject to examination in any of its major state jurisdictions for years prior to 2020. The newly acquired Foot Locker segment also previously participated in the CAP program and the IRS has completed examinations of 2023 and all prior tax years. For the Foot Locker segment, the 2024 U.S. federal income tax year and the short-period US federal income tax return for 2025 related to the pre-acquisition period is currently under examination. The Foot Locker segment is no longer subject to examination in any of its material state jurisdictions for years prior to 2020.
Recent Tax Legislation
On July 4, 2025, the One Big Beautiful Bill Act (“OBBBA”), which includes several measures affecting corporations and other business entities, was signed into law. Among these measures, the OBBBA modifies and permanently extends certain expiring provisions of the TCJA, including the restoration of 100% bonus depreciation, which was scheduled to phase out in 2027 under the TCJA. The OBBBA also permits immediate expensing of research and development expenditures previously capitalized under the TCJA. The legislation has multiple effective dates, with some provisions taking effect in 2025 and others phased in through 2027. In accordance with ASC 740, “Income Taxes,” the Company has recognized the effects of the OBBBA during the current year for the provisions currently enacted, which has increased the Company’s deferred tax liability. The Company has recognized the impacts of the OBBBA into the current and deferred income tax provision for fiscal 2025, resulting in reduced federal income tax liability and related tax payments, but no significant impact to the annual effective tax rate. The Company will continue to evaluate the future provisions and does not anticipate any significant impact to the financial statements.
The Organization for Economic Cooperation and Development introduced a framework to implement a global 15% minimum corporate tax (“Pillar Two”). The European Union issued a directive to its member states to enact the Pillar Two in their local laws effective after December 2023. A number of other countries have or are expected to implement similar legislation with effective dates in the future. During fiscal 2025, Pillar Two did not have a material -impact on the Company’s Financial Statements. The Company is continuing to evaluate the potential impact on future periods and does not currently anticipate that Pillar Two legislation will have a prospective material impact on the Company’s financial condition, results of operations, cash flows or disclosures.
v3.26.1
Stock-Based Compensation
 12 Months Ended
Jan. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation
The Company has the ability to grant restricted and performance-based restricted stock, including shares and units, and options to purchase common stock under the 2012 Plan, under which 6,267,714 shares of common stock were available for future issuance at the end of fiscal 2025. The following table provides total stock-based compensation recognized in the Consolidated Statements of Income for the fiscal years presented (in thousands):
2025 (1)
20242023
Restricted stock expense
$95,061 $43,130 $36,196 
Performance-based restricted stock expense28,605 27,557 19,053 
Stock option expense
1 314 2,036 
Total stock-based compensation expense$123,667 $71,001 $57,285 
Total related tax benefit$18,243 $12,768 $10,616 
(1)Includes $41.7 million of immediate expense from the acceleration of unvested equity awards following the termination of certain executives in connection with the Foot Locker acquisition, which was included within merger and integration costs on the Consolidated Statements of Income for the fiscal year ended January 31, 2026.
Restricted Stock
The Company issues shares of restricted stock to eligible employees, which are subject to forfeiture until the end of the applicable vesting period. Restricted stock awards generally vest on the third anniversary of the date of grant, subject to the employee’s continued employment as of that date. The fair value of restricted stock is determined on the date of grant using the Company’s stock price. In connection with the Foot Locker acquisition, on September 8, 2025, the Company issued replacement restricted stock to continuing Foot Locker employees based on the Stock Consideration in accordance with the Merger Agreement, which will vest over the original pre-acquisition remaining vesting period, subject to their continued employment as of that date. Refer to Note 2 – Acquisition of Foot Locker for additional information.
Restricted stock activity for fiscal 2025 is presented in the following table:
Restricted Stock
SharesWeighted Average Grant Date Fair ValueIntrinsic Value
(in millions)
Nonvested, February 1, 2025998,356 $139.05 $239.7 
Foot Locker replacement equity (1)
452,896 223.83 
Granted345,579 210.87 
Vested (1)
(619,017)156.31 
Forfeited(54,623)160.31 
Nonvested, January 31, 20261,123,191 $184.79 $226.9 
(1)The total fair value of restricted stock issued to Foot Locker employees as part of the acquisition was $101.4 million, which was apportioned between purchase consideration, or $29.0 million attributable to pre-combination vesting, $41.7 million of immediate expense from the acceleration of unvested equity awards following the termination of certain executives and post-combination expense of $30.7 million. Of the 0.5 million restricted stock units issued for Foot Locker replacement equity, approximately 0.3 million units vested during 2025, including those that accelerated for certain executives, and approximately 0.2 million units were outstanding as of January 31, 2026.
As of January 31, 2026, total unrecognized compensation expense, net of estimated forfeitures, from nonvested shares of restricted stock was approximately $87.7 million, which the Company expects to recognize over a weighted average period of approximately 1.28 years. The total grant date fair value of restricted stock that vested during fiscal 2025, 2024 and 2023 was $96.8 million, $37.1 million and $39.7 million, respectively. The weighted average grant date fair value for restricted stock granted in fiscal 2025, 2024 and 2023, was $210.87, $209.61 and $126.11, respectively.
Performance-based Restricted Stock
The Company issues performance-based restricted stock to eligible employees in support of the Company’s strategic initiatives. Performance-based restricted stock units generally vest on the third anniversary of the date of grant and are subject to the employees’ continued employment as of that date. Additionally, the number of awards vesting depend upon the achievement of certain performance criteria established for the fiscal year in which they are granted, which can result in a payout range of 0% to 200% of the original award amount. The fair value of performance-based restricted stock is based on the Company’s stock price on the date of grant. Awards granted during fiscal 2025 currently assume target, or 100%, attainment of certain performance-based criteria. Upon determination of actual performance criteria attainment, the actual number of shares issued will be adjusted, which may be above or below target.
Performance-based restricted stock activity for fiscal 2025 is presented in the following table:
Performance-based Restricted Stock
UnitsWeighted Average Grant Date Fair ValueIntrinsic Value
(in millions)
Nonvested, February 1, 2025405,755 $147.82 $97.4 
Granted (1)
374,150 187.05 
Vested(244,657)129.42 
Forfeited(11,214)174.41 
Nonvested, January 31, 2026
524,034 $183.85 $105.9 
(1)Includes 40,562 awards with a weighted-average grant date fair value of $211.19 that were issued during fiscal 2025 based on the determination of actual performance criteria attainment of 157% for awards granted in fiscal 2024. These awards are expected to vest in fiscal 2027. Activity also includes 22,244 awards with a weighted-average grant date fair value of $148.70 that were issued during fiscal 2025 based on the determination of actual performance criteria attainment of 118% for awards granted in fiscal 2023. These awards vested in fiscal 2025.
As of January 31, 2026, total unrecognized compensation expense, net of estimated forfeitures, from nonvested shares of performance-based restricted stock was approximately $43.3 million, which the Company expects to recognize over a weighted average period of approximately 1.56 years. The total grant date fair value of performance-based restricted stock that vested during fiscal 2025, 2024 and 2023 was $31.7 million, $16.5 million and $0.1 million, respectively. The weighted average grant date fair value for performance-based restricted stock granted in fiscal 2025, 2024 and 2023, was $187.05, $203.88 and $146.90, respectively.
Stock Options
Historically, the Company has granted stock options to certain teammates, which vested 25% per year over four years and had a seven-year contractual life. When options are exercised, the Company issues new shares of common stock.
The fair value of stock options is measured on their grant date using the Black-Scholes option valuation model. The Company did not grant any stock options during fiscal 2025, 2024 and 2023.
Fiscal 2025 stock option activity is presented in the following table:
Shares Subject to OptionsWeighted Average Exercise Price per ShareWeighted Average Remaining Contractual Life (Years)Aggregate Intrinsic Value (in millions)
Outstanding, February 1, 20251,343,213 $15.25 1.98$302.0 
Exercised(90,535)$16.72 
Outstanding, January 31, 20261,252,678 $15.14 0.98$234.1 
Exercisable, January 31, 20261,252,678 $15.14 0.98$234.1 
Vested or expected to vest, January 31, 20261,252,678 $15.14 0.98$234.1 
The following table presents stock option information for the last three fiscal years (in millions):
202520242023
Total intrinsic value of stock options exercised$17.3 $140.7 $69.2 
Income tax benefit from the exercise of stock options$1.3 $16.7 $13.7 
Total fair value of stock options vested$— $1.8 $3.3 
v3.26.1
Retirement Plans and Other Benefits
 12 Months Ended
Jan. 31, 2026
Retirement Benefits [Abstract]  
Retirement Savings Plans
Pension and Other Postretirement Benefits
In connection with the Foot Locker acquisition, the Company assumed certain defined benefit pension plans, which include a U.S. and a Canadian qualified pension plan, as well as two non-qualified pension plans. Prior to the acquisition, Foot Locker’s pension plans were closed to new entrants. Additionally, as part of the Foot Locker acquisition, the Company acquired contributory postretirement medical and life insurance plans available to most of Foot Locker’s retired U.S. employees, which are not funded and are not significant.
The following tables set forth changes in benefit obligations and plan assets, funded status, and amounts recognized in the Consolidated Balance Sheet related to the Foot Locker pension plans from the date of acquisition (in thousands):
2025
Change in benefit obligation:
Benefit obligation as of September 8, 2025$408,362 
Service cost38 
Interest cost7,884 
Actuarial gains(5,075)
Foreign currency translation adjustments710 
Benefits paid(9,955)
Benefit obligation as of January 31, 2026$401,964 
Change in plan assets:
Fair value of plan assets as of September 8, 2025$400,218 
Actual return on plan assets15,783 
Employer contributions1,564 
Foreign currency translation adjustments774 
Benefits paid(9,955)
Fair value of plan assets as of January 31, 2026$408,384 
Funded status$6,420 
Amounts recognized on Consolidated Balance Sheet
Other assets$13,778 
Accrued expenses(1,919)
Other long-term liabilities(5,439)
Net amount recognized$6,420 
The actuarial gains recognized during fiscal 2025 were primarily driven by higher actual returns as compared with the expected return on plan assets and an increase in discount rates applied against future expected benefit payments, which resulted in a decrease in the benefit obligation for the pension benefit plans.
The U.S. and Canadian pension plans’ assets exceeded their accumulated benefit obligation as of January 31, 2026. Accumulated benefit obligation in excess of plan assets primarily represented the non-qualified plans and was $7.4 million as of January 31, 2026. The weighted average discount rate used to determine the benefit obligations under the pension plans as of January 31, 2026 was 5.2%.
Pension expense is actuarially calculated annually based on data available at the beginning of each year. The expected return on plan assets is determined by multiplying the expected long-term rate of return on assets by the market-related value of plan assets for the pension plans.
The following assumptions were used to determine net benefit cost or income:
2025
Discount rate5.2 %
Rate of compensation increase (1)
3.0 %
Expected long-term rate of return on assets5.8 %
(1)The rate of compensation increase relates only to the Canadian pension plan, as the other plans are frozen.
The expected long-term rate of return on invested plan assets is based on the plans' weighted-average target asset allocation, as well as historical and future expected performance of those assets. The target asset allocation is selected to obtain an investment return that is sufficient to cover the expected benefit payments and to reduce the variability of our future contributions.
Net benefit income or cost is recognized as a component of selling, general and administrative expenses on the Consolidated Statements of Income. The following table presents the components of net pension benefit cost (income) (in thousands):
2025
Service cost$38 
Interest cost7,884 
Expected return on plan assets(8,673)
Net benefit income$(751)
The mortality assumption used to value the U.S. pension obligations as of January 31, 2026 was the Pri-2012 mortality table with generational projection using MP-2021 with 2024 RPEC Report COVID Adjustment applied starting in 2025 for ages over 65 for males and females. For Canadian pension obligations, we used the 2014 CPM Private Sector mortality table projected generationally with Scale CPM-B for both males and females.
Plan Assets
The target composition of the Company’s U.S. qualified pension plan assets is 50% fixed-income securities, 47.5% equities and mutual funds, and 2.5% real estate. The Company may alter the asset allocation targets from time-to-time depending on market conditions and funding requirements of the pension plan. The target composition of our Canadian qualified pension plan assets is 95% fixed-income securities and 5% equities. The bond portfolio is comprised of government and corporate bonds chosen to match the duration of the pension plan's benefit payment obligations. Due to market conditions and other factors, actual asset allocations may vary from the target allocation outlined above.
The Company believes plan assets are invested in an appropriate manner with an objective of providing a total return that, over the long term, provides sufficient assets to fund benefit obligations, taking into account our expected contributions and the level of funding risk deemed appropriate. The investment strategy seeks to diversify assets among classes of investments with differing rates of return, volatility, and correlation in order to reduce funding risk. Diversification within asset classes is also utilized to ensure that there are no significant concentrations of risk in plan assets and to reduce the effect that the return on any single investment may have on the entire portfolio.
Valuation of Investments
Commingled trust funds are valued at the net asset value of units held by the plan at year end. Stocks and mutual funds traded on U.S. and Canadian security exchanges are valued at closing market prices on the measurement date.
The fair values of pension plan assets as of January 31, 2026 were as follows (in thousands):
Level 1Level 2Level 32025 Total
Cash equivalents$— $16,954 $— $16,954 
Commingled funds:
Equity securities— 121,813 — 121,813 
Fixed-income securities— 180,552 — 180,552 
Real estate securities— 9,259 — 9,259 
Mutual funds and ETF55,581 — — 55,581 
Fixed-income securities— 23,985 — 23,985 
Insurance contract— 158 — 158 
Other— 82 — 82 
Net benefit expense$55,581 $352,803 $— $408,384 
Contributions and Expected Payments
Contributions to the U.S. qualified pension plan were not required after the acquisition. During 2025, since the acquisition date, the Company contributed $0.5 million related to the Canadian plan and paid $1.1 million related to the unfunded non-qualified pension plans.
Estimated future benefit payments for each of the next five years and the five years thereafter are as follows:
Fiscal Year
2026$46,512 
2027$35,733 
2028$34,545 
2029$32,797 
2030$31,164 
2031 - 2035$140,695 
Retirement Savings Plans
The DICK’S Sporting Goods, Inc. Smart Savings 401(k) Plan (as amended, the “DICK’S Plan”), is a defined contribution plan that covers all active DICK’S employees over the age of 18 following 30 consecutive days of service with the Company. Effective May 3, 2024, the Company amended the DICK’S Plan to include a Roth feature that enables participants to contribute on an after-tax basis. The Company’s matching contributions under the DICK’S Plan are made bi-weekly, vest immediately and are equal to 100% of each eligible participant’s contributions up to 4% of the participant’s compensation plus 50% of the eligible participant’s contributions up to the next 2% of compensation. Total employer contributions recorded under the DICK’S Plan, net of forfeitures, were $41.2 million, $36.7 million and $34.8 million in fiscal 2025, 2024 and 2023, respectively.
In connection with the Foot Locker acquisition, the Company assumed defined contribution plans including the Foot Locker 401(k) Plan that is available to Foot Locker employees whose primary place of employment is the U.S., and the Foot Locker Puerto Rico Savings Plan, which is available to Foot Locker employees whose primary place of employment is in Puerto Rico, collectively (the “Foot Locker Plans”). The charges for matching contributions under the Foot Locker Plans were $4.8 million during fiscal 2025.
The Company also has non-qualified deferred compensation plans for certain qualifying employees whose contributions are limited under the qualified defined contribution plans. Amounts contributed and deferred under the deferred compensation plans are credited or charged with the performance of investment options offered under the plans and elected by the participants. In the event of bankruptcy, the assets of these plans are available to satisfy the claims of general creditors. The liability for compensation deferred under the Company’s plans was $178.0 million and $153.7 million as of January 31, 2026 and February 1, 2025, respectively, and is included within other long-term liabilities on the Consolidated Balance Sheets. Total employer contributions recorded under these plans, net of forfeitures, was $2.1 million, $1.7 million and $1.4 million in fiscal 2025, 2024 and 2023, respectively.
v3.26.1
Stockholders' Equity
 12 Months Ended
Jan. 31, 2026
Stockholders' Equity Note [Abstract]  
Stockholders' Equity
Common Stock, Class B Common Stock and Preferred Stock 
The Company’s Amended and Restated Certificate of Incorporation, as amended (the “Charter”), authorizes the issuance of 1,000,000,000 shares of common stock, par value $0.01 per share, and the issuance of 200,000,000 shares of Class B common stock, par value $0.01 per share. In addition, the Company’s Charter authorizes the issuance of up to 5,000,000 shares of preferred stock, par value $0.01.
Holders of common stock generally have rights identical to holders of Class B common stock, except that holders of common stock are entitled to one vote per share and holders of Class B common stock are entitled to ten votes per share. A related party, relatives of the related party and their trusts hold all outstanding Class B common stock, which can only be held by members of this group. Class B common shares are not publicly tradable. Each share of Class B common stock can be converted at any time into one share of common stock at the holder’s option.
On September 8, 2025, the Company issued 9.6 million shares of the Company’s common stock as share consideration for the acquisition of Foot Locker. Refer to Note 2 – Acquisition of Foot Locker for additional information.
Dividends per Common Share 
The Company declared aggregate cash dividends of $4.85, $4.40 and $4.00 per share of common stock and Class B common stock during fiscal 2025, 2024 and 2023, respectively, which resulted in cash payments for dividends of $413.9 million, $361.7 million and $351.2 million, respectively.
Treasury Stock 
On December 16, 2021, the Company’s Board of Directors authorized a five-year share repurchase program of up to $2.0 billion of its common stock (the “2021 program”), under which the Company repurchased shares as follows for the fiscal years presented (in thousands):
 
Fiscal Year
 
2025
2024 (1)
2023
Shares of common stock repurchased1,5841,2635,439
Treasury stock acquired during the fiscal year, including excise tax$341,708 $268,676 $649,820 
(1) Fiscal 2024 included $5.0 million of cash settlements for shares of treasury stock that was paid in the first week of fiscal 2025.
As of January 31, 2026, the Company had $169.4 million remaining under the 2021 program. On March 10, 2025, the Company’s Board of Directors authorized an additional five-year share repurchase program of up to $3.0 billion of its common stock (the “2025 program”), under which the Company has yet to repurchase any shares as of January 31, 2026. The Company plans to continue to purchase under the 2021 program until it is exhausted or expired. The Company may suspend or discontinue the 2021 program or the 2025 program at any time.
Accumulated Other Comprehensive Income (Loss)
The components of the accumulated other comprehensive income (loss) are as follows for the fiscal years presented (in thousands):
 
Fiscal Year
 
202520242023
Hedge contracts$2,257 $— $— 
Unrecognized pension and postretirement$8,226 $— $— 
Foreign currency translation adjustments$7,330 $(755)$(329)
The changes in accumulated other comprehensive income (loss) are as follows for fiscal year ended January 31, 2026 (in thousands):
Hedge ContractsItems Related to Pension and Postretirement BenefitsForeign Currency TranslationTotal
Balance, February 1, 2025$— $— $(755)$(755)
Other comprehensive income before reclassification, net of tax
3,375 — 8,085 11,460 
Reclassification of hedges, net of tax(1,118)— — (1,118)
Pension and postretirement remeasurement, net tax— 8,226 — 8,226 
Other comprehensive income2,257 8,226 8,085 18,568 
Balance, January 31, 2026$2,257 $8,226 $7,330 $17,813 
v3.26.1
Segment Reporting
 12 Months Ended
Jan. 31, 2026
Segment Reporting [Abstract]  
Segment Reporting
The Company is an omni-channel sporting goods retailer that offers an extensive assortment of authentic, high-quality, sports equipment, apparel, footwear and accessories across the United States through its retail stores and online, and was historically structured as a single reportable segment entity. In fiscal 2025, the Company acquired Foot Locker, a leading footwear and apparel retailer, which changed the organizational structure of the Company and resulted in a reassessment of reportable segments. As a result, the Company now has two reportable segments: DICK’S and Foot Locker. The Foot Locker reportable segment is the aggregate of the Foot Locker - North America and Foot Locker - International operating segments. Refer to Note 1 – Basis of Presentation and Summary of Significant Accounting Policies for additional details related to the Company’s net sales by merchandise category.
The Executive Chairman and the President & Chief Executive Officer together serve as the Chief Operating Decision Maker, or “CODM”, and they both assess the performance of and allocate resources to both reportable segments. In connection with the reorganization due to the Foot Locker acquisition, the measure of segment profit and loss utilized by the CODM changed from net income to segment profit as it is more reflective of the performance of the two reportable segments and is used by the CODM to decide how to reinvest profits across the reportable segments to strengthen a global platform that serves a broader set of athletes through differentiated iconic concepts and robust digital experiences, supported by brand partnerships as a combined company within the growing sports retail industry. Segment profit reflects income before incomes taxes, interest expense, unallocated corporate and other expense and other income. Assets by reportable segment are not currently utilized by the CODM to evaluate performance or allocate resources and thus are not disclosed.
See the table below for significant expense categories and amounts for each reportable segment, and the reconciliation to income before taxes, which now incorporates the change in reportable segments for DICK’S and Foot Locker (in thousands):
202520242023
DICK’S
Net sales$14,108,943 $13,442,849 $12,984,399 
Cost of merchandise and services sold7,100,929 6,813,682 6,664,212 
Occupancy costs (1)
1,197,019 1,139,387 1,100,720 
Personnel expense (2)
1,972,850 1,869,257 1,838,554 
Other segment expenses (4)
2,269,702 2,122,954 1,999,775 
Segment profit$1,568,443 $1,497,569 $1,381,138 
Foot Locker
Net sales$3,106,177 $— $— 
Cost of merchandise and services sold (3)
1,873,614 — — 
Occupancy costs (1)
414,557 — — 
Personnel expense (2)
497,616 — — 
Other segment expenses (4)
372,610 — — 
Segment loss$(52,220)$— $— 
Total segment profit$1,516,223 $1,497,569 $1,381,138 
Corporate and other expenses (5)
420,314 23,637 98,773 
Interest expense64,263 52,987 58,023 
Other income(110,327)(98,088)(93,809)
Consolidated income before income taxes$1,141,973 $1,519,033 $1,318,151 
(1)Occupancy costs include rent, common area maintenance charges, real estate and other asset-based taxes, general maintenance, utilities, depreciation and certain insurance expenses.
(2)Personnel expenses include wages, salaries, and other forms of compensation related to store and administrative employees within selling, general and administrative expenses.
(3)Cost of merchandise and services sold for the Foot Locker segment includes supply chain costs as part of their application of the retail-inventory method.
(4)Includes expenses associated with advertising, bank card charges, pre-opening expenses, shipping expenses, costs to operate the Company’s internal eCommerce platforms, technology, other store expenses, certain foreign exchange transaction gains and losses, and expenses associated with operating the Company’s Customer Support Center or Foot Locker corporate headquarters. Additionally, other segment items include supply chain costs for the DICK’S segment, which are included in cost of merchandise and services sold for the Foot Locker segment.
(5)Corporate and other expenses, which represent costs not specifically related to the recurring operations of the Company’s segments, are not included in segment profit or loss as they are not used by the Company to evaluate segment performance. For fiscal 2025, corporate and other expenses include Foot Locker acquisition-related costs, which consist of charges to write down and liquidate inventory from the Company’s review of the Foot Locker Business and merger and integration costs, and an asset impairment charge. Both periods presented also include the effects related to changes in the investment values of the Company’s deferred compensation plans, which is fully offset in other income.
The following table quantifies depreciation and amortization expense by reportable segment for the fiscal years presented below (in thousands):
202520242023
DICK’S$425,043 $400,409 $393,933 
Foot Locker63,587 — — 
Total depreciation and amortization expense$488,630 $400,409 $393,933 

The following table quantifies capital expenditures by reportable segment for the fiscal years presented below (in thousands):
202520242023
DICK’S$1,043,463 $802,565 $587,426 
Foot Locker 93,713 — — 
Total capital expenditures$1,137,176 $802,565 $587,426 

The following table disaggregates net sales by geographic location for the following fiscal periods (in millions):
202520242023
DICK’S
United States$14,108.9 $13,442.8 $12,984.4 
Foot Locker
United States2,075.7 — — 
International (1)
1,030.5 — — 
Total Foot Locker3,106.2 — — 
Total net sales $17,215.1 $13,442.8 $12,984.4 
(1)For fiscal year ended January 31, 2026, the countries that comprised the majority of the revenue for the international category were Italy, France, Canada and Australia. No other individual country included in the international category was significant.

The following table quantifies long-lived assets, consisting of net property and equipment and lease right-of-use assets, by geographic location for the following fiscal periods (in thousands):
20252024
United States$7,256,525 $4,437,231 
International850,921 — 
Total long-lived assets$8,107,446 $4,437,231 
v3.26.1
Related Party Transaction
 12 Months Ended
Jan. 31, 2026
Related Party Transactions [Abstract]  
Related Party Transaction
On January 28, 2026, the Company, through a wholly-owned subsidiary, purchased an aircraft from EWS IV, LLC, an entity owned by the Company's Executive Chairman, Edward W. Stack, for $49.0 million. The purchase price was based on an independent opinion of value of the acquired aircraft, which was reviewed by the Audit Committee prior to its approval of the purchase pursuant to the Company’s written Related Person Transaction Approval Policy and Procedures. The aircraft was previously stored and maintained at the Company’s hangar and utilized by the Company pursuant to an aircraft usage agreement and related leases with Mr. Stack’s limited liability companies.
v3.26.1
Subsequent Event
 12 Months Ended
Jan. 31, 2026
Subsequent Events [Abstract]  
Subsequent Event
On March 23, 2026, the Company eliminated certain positions within the Foot Locker Business and is requiring other positions to relocate to Foot Locker’s headquarters in New York City. The Company expects to incur approximately $40 - $55 million of charges primarily in the first quarter of 2026 as a result of these actions and related cash payments to be made over the next twelve months. These actions are intended to better align the organizational design and spending in support of the Company’s go-forward vision for the Foot Locker Business and were included within the previously disclosed expectation of $500 to $750 million of total acquisition-related charges.
On March 11, 2026, the Company’s Board of Directors declared a quarterly cash dividend in the amount of $1.25 per share on the Company’s common stock and Class B common stock payable on April 10, 2026 to stockholders of record as of the close of business on March 27, 2026.
During the first quarter of 2026, the Company entered into a settlement agreement to resolve credit card interchange fee litigation matters in which it was a plaintiff. As a result of this lump-sum settlement, the Company will record a gain of $150 million, net of legal fees. Additionally, during the first quarter of 2026, the Company terminated a lease agreement at one of its store locations that will result in a gain of $25 million. The Company expects to record both gains within selling, general and administrative expense on the Consolidated Statement of Income.
v3.26.1
SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS
 12 Months Ended
Jan. 31, 2026
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS
DICK’S SPORTING GOODS, INC. AND SUBSIDIARIES
SCHEDULE II
VALUATION AND QUALIFYING ACCOUNTS
(in thousands)
Balance at Beginning of PeriodCharged to Costs and ExpensesDeductions Balance at End of Period
Fiscal 2023     
Inventory reserve$52,176 $68,202  $(46,582)$73,796 
Allowance for credit losses2,863 1,770  (2,078)2,555 
Reserve for sales returns19,021 706,359 (702,951)22,429 
Fiscal 2024     
Inventory reserve$73,796 $77,779  $(70,132)$81,443 
Allowance for credit losses2,555 2,045  (2,217)2,383 
Reserve for sales returns22,429 699,457 (698,734)23,152 
Fiscal 2025 (1)
     
Inventory reserve$81,443 $121,959  $(97,409)$105,993 
Allowance for credit losses2,383 2,436 
 
(1,666)3,153 
Reserve for sales returns23,152 808,965 (807,594)24,523 
(1)Includes activity for Foot Locker post-acquisition. Deductions include the effects of foreign currency translation.
v3.26.1
Insider Trading Arrangements
 3 Months Ended
Jan. 31, 2026
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.26.1
Insider Trading Policies and Procedures
 12 Months Ended
Jan. 31, 2026
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true
v3.26.1
Cybersecurity Risk Management and Strategy Disclosure
 12 Months Ended
Jan. 31, 2026
Cybersecurity Risk Management, Strategy, and Governance [Line Items]  
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]
The protection of Company data, including customer and employee information, remains fundamental to our strategy of serving as a trusted advisor throughout the customer and employee experience. Cybersecurity is integrated into the Company’s Enterprise Risk Management framework and is overseen by management and the Audit Committee of the Board of Directors.
In 2025, two key areas of focus were (i) identifying and mitigating cybersecurity risks associated with the September 2025 acquisition of the Foot Locker Business and (ii) responding to rapid developments in AI technologies. Following the acquisition, we commenced a staged integration of Foot Locker’s employee identity and access management service to facilitate secure collaboration between the two companies and align on a common identity security standard. During this transition period, other Foot Locker systems and controls continued to operate under their pre‑acquisition cybersecurity framework, which may differ from the Company’s established standards. We expect people, process, and technology integration activities for the cybersecurity function to continue throughout the transition period.
As part of integration planning, the Company temporarily operated under a dual‑CISO structure. The Company’s Chief Information Security Officer (“CISO”) and the Foot Locker CISO were jointly responsible for overseeing cybersecurity strategy and risk management during the period subsequent to the acquisition. These leaders coordinated closely to align policies, processes, and controls; ensure continuity of security oversight; and support the migration of Foot Locker systems into the Company’s cybersecurity framework. The Company’s CISO took over responsibilities in March 2026.
The Company’s Cybersecurity team works in close partnership with internal stakeholders to monitor current and emerging data security risks across the enterprise and with third parties. The Company implements and maintains industry‑accepted cybersecurity risk management and compliance frameworks and programming, including the NIST Cybersecurity Framework. Internal and third‑party risks are reviewed, monitored, and managed by the Cybersecurity and Privacy teams, and are subject to oversight by Internal Audit and various external assessors. The Company regularly engages third‑party experts to evaluate the effectiveness of its cybersecurity controls and programs. Additionally, the Company continues to invest in skilled personnel; recurring training; processes and procedures; insurance coverages; and numerous technologies designed to address current threats, emerging trends, and the evolving legal, regulatory, and risk landscape applicable to cybersecurity.
The Company has implemented a Cybersecurity Incident Response Plan (the “IR Plan”) and framework to appropriately detect, contain and respond to cybersecurity incidents. The IR Plan identifies protocols for incident classification, the use of third-party service providers where applicable, processes for notification and internal escalation of information to senior management and the Audit Committee, and processes for materiality review. The IR Plan is reviewed and updated, as necessary, under the leadership of the Company’s CISO. Additionally, the Company maintains processes to assess the risks associated with third parties that store, transmit, or process sensitive Company data.
As of the date of this Annual Report on Form 10-K, risks from cybersecurity threats, including the results of any previous cybersecurity incidents, have not materially affected the Company, its business strategy, results of operations or financial condition. While we have no knowledge of any material data security breaches to date, any compromise of our data security could result in a violation of applicable privacy and other laws or standards, significant legal and financial exposure beyond the scope or limits of our insurance coverage, interruption of our operations, increased operating costs associated with remediation, equipment acquisitions or disposal, added personnel, and a loss of confidence in our security measures, which could harm our business, athlete experience, reputation or investor confidence. See Item 1A. “Risk Factors” for more information on the Company’s cybersecurity-related risks.
Cybersecurity Risk Management Processes Integrated [Flag] true
Cybersecurity Risk Management Processes Integrated [Text Block]
The protection of Company data, including customer and employee information, remains fundamental to our strategy of serving as a trusted advisor throughout the customer and employee experience. Cybersecurity is integrated into the Company’s Enterprise Risk Management framework and is overseen by management and the Audit Committee of the Board of Directors.
In 2025, two key areas of focus were (i) identifying and mitigating cybersecurity risks associated with the September 2025 acquisition of the Foot Locker Business and (ii) responding to rapid developments in AI technologies. Following the acquisition, we commenced a staged integration of Foot Locker’s employee identity and access management service to facilitate secure collaboration between the two companies and align on a common identity security standard. During this transition period, other Foot Locker systems and controls continued to operate under their pre‑acquisition cybersecurity framework, which may differ from the Company’s established standards. We expect people, process, and technology integration activities for the cybersecurity function to continue throughout the transition period.
As part of integration planning, the Company temporarily operated under a dual‑CISO structure. The Company’s Chief Information Security Officer (“CISO”) and the Foot Locker CISO were jointly responsible for overseeing cybersecurity strategy and risk management during the period subsequent to the acquisition. These leaders coordinated closely to align policies, processes, and controls; ensure continuity of security oversight; and support the migration of Foot Locker systems into the Company’s cybersecurity framework. The Company’s CISO took over responsibilities in March 2026.
The Company’s Cybersecurity team works in close partnership with internal stakeholders to monitor current and emerging data security risks across the enterprise and with third parties. The Company implements and maintains industry‑accepted cybersecurity risk management and compliance frameworks and programming, including the NIST Cybersecurity Framework. Internal and third‑party risks are reviewed, monitored, and managed by the Cybersecurity and Privacy teams, and are subject to oversight by Internal Audit and various external assessors. The Company regularly engages third‑party experts to evaluate the effectiveness of its cybersecurity controls and programs. Additionally, the Company continues to invest in skilled personnel; recurring training; processes and procedures; insurance coverages; and numerous technologies designed to address current threats, emerging trends, and the evolving legal, regulatory, and risk landscape applicable to cybersecurity.
The Company has implemented a Cybersecurity Incident Response Plan (the “IR Plan”) and framework to appropriately detect, contain and respond to cybersecurity incidents. The IR Plan identifies protocols for incident classification, the use of third-party service providers where applicable, processes for notification and internal escalation of information to senior management and the Audit Committee, and processes for materiality review. The IR Plan is reviewed and updated, as necessary, under the leadership of the Company’s CISO. Additionally, the Company maintains processes to assess the risks associated with third parties that store, transmit, or process sensitive Company data.
Cybersecurity Risk Management Third Party Engaged [Flag] true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag] true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag] false
Cybersecurity Risk Board of Directors Oversight [Text Block]
Governance
The Audit Committee oversees the Company’s cybersecurity risk management program, reflecting the Company‑wide priority placed on protecting customer and employee data. During the transition period following the Foot Locker acquisition, the Company’s cybersecurity risk management function was jointly led by the Company’s CISO—an industry leader with over 30 years of experience who joined the Company in January 2025—and the former Foot Locker CISO through March 2026.
The Company’s CISO reports to the Chief Technology Officer, who reports directly to the Chief Executive Officer. The CISO provides quarterly, and more frequent as necessary, updates to the Audit Committee and periodic briefings to the full Board regarding existing and emerging cybersecurity risks, as well as management’s mitigation activities. Together with the broader cybersecurity team, the CISO is responsible for overseeing the Company’s capabilities to protect against, detect, contain, and respond to cybersecurity threats in accordance with the IR Plan.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]
The Audit Committee oversees the Company’s cybersecurity risk management program, reflecting the Company‑wide priority placed on protecting customer and employee data. During the transition period following the Foot Locker acquisition, the Company’s cybersecurity risk management function was jointly led by the Company’s CISO—an industry leader with over 30 years of experience who joined the Company in January 2025—and the former Foot Locker CISO through March 2026.
The Company’s CISO reports to the Chief Technology Officer, who reports directly to the Chief Executive Officer. The CISO provides quarterly, and more frequent as necessary, updates to the Audit Committee and periodic briefings to the full Board regarding existing and emerging cybersecurity risks, as well as management’s mitigation activities. Together with the broader cybersecurity team, the CISO is responsible for overseeing the Company’s capabilities to protect against, detect, contain, and respond to cybersecurity threats in accordance with the IR Plan.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block] The Company has implemented a Cybersecurity Incident Response Plan (the “IR Plan”) and framework to appropriately detect, contain and respond to cybersecurity incidents. The IR Plan identifies protocols for incident classification, the use of third-party service providers where applicable, processes for notification and internal escalation of information to senior management and the Audit Committee, and processes for materiality review. The IR Plan is reviewed and updated, as necessary, under the leadership of the Company’s CISO. Additionally, the Company maintains processes to assess the risks associated with third parties that store, transmit, or process sensitive Company data.
Cybersecurity Risk Role of Management [Text Block] The Company’s Cybersecurity team works in close partnership with internal stakeholders to monitor current and emerging data security risks across the enterprise and with third parties. The Company implements and maintains industry‑accepted cybersecurity risk management and compliance frameworks and programming, including the NIST Cybersecurity Framework.
Cybersecurity Risk Management Positions or Committees Responsible [Flag] true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block] The Company’s CISO reports to the Chief Technology Officer, who reports directly to the Chief Executive Officer.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block] the Company’s CISO—an industry leader with over 30 years of experience who joined the Company in January 2025—and the former Foot Locker CISO through March 2026.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]
The Company’s CISO reports to the Chief Technology Officer, who reports directly to the Chief Executive Officer. The CISO provides quarterly, and more frequent as necessary, updates to the Audit Committee and periodic briefings to the full Board regarding existing and emerging cybersecurity risks, as well as management’s mitigation activities. Together with the broader cybersecurity team, the CISO is responsible for overseeing the Company’s capabilities to protect against, detect, contain, and respond to cybersecurity threats in accordance with the IR Plan.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag] true
v3.26.1
Basis of Presentation and Summary of Significant Accounting Policies (Policies)
 12 Months Ended
Jan. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Fiscal Year
Fiscal Year
The Company’s fiscal year ends on the Saturday closest to the end of January. Unless otherwise stated, references to years in this Annual Report on Form 10-K relate to fiscal years, rather than to calendar years. Fiscal years 2025, 2024 and 2023 ended on January 31, 2026, February 1, 2025 and February 3, 2024, respectively. All fiscal years presented include 52 weeks of operations except fiscal 2023, which included 53 weeks.
Principles of Consolidation
Principles of Consolidation
The Consolidated Financial Statements include DICK’S Sporting Goods, Inc. and its wholly-owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation.
Reclassifications
Reclassifications
Certain reclassifications have been made to prior year amounts within the Consolidated Financial Statement Footnotes to conform to the current year presentation.
Use of Estimates in the Preparation of Financial Statements
Use of Estimates in the Preparation of Financial Statements
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Cash and Cash Equivalents
Cash and Cash Equivalents
Cash and cash equivalents consist of cash on hand and all highly liquid instruments purchased with a maturity of three months or less at the date of purchase. Cash equivalents primarily consist of money market funds and commercial paper and are stated at carrying value, which approximates fair value, and are considered Level 1 investments. Interest income was $41.9 million, $77.9 million and $79.7 million for fiscal 2025, 2024 and 2023, respectively, and is recorded within other income on the Consolidated Statements of Income.
Cash and cash equivalents were comprised of the following for the fiscal years presented (in thousands):
20252024
Cash (1)
$352,014 $600,940 
Money market funds1,001,212 1,089,000 
Total cash and cash equivalents$1,353,226 $1,689,940 
(1)Cash includes amounts due from third-party financial institutions for the settlement of credit card and debit card transactions, which typically process within three business days.
Cash Management
The Company’s cash management system provides for the reimbursement of all major bank disbursement accounts on a daily basis. Accounts payable at January 31, 2026 and February 1, 2025 include $96.9 million and $79.9 million, respectively, of checks drawn in excess of cash balances not yet presented for payment.
Accounts Receivable
Accounts Receivable
Accounts receivable primarily consist of amounts due from vendors and landlords. The amount of accounts receivable due from landlords as of January 31, 2026 and February 1, 2025 was $274.0 million and $160.2 million, respectively.
Inventories, Net
Inventories, net
The Company determines inventory cost using different valuation methods across the DICK’S Sporting Goods and Foot Locker segments. For the DICK’S segment, inventory cost is determined using the weighted average cost method and consists of the direct costs of merchandise including freight, net of shrinkage, obsolescence, other valuation accounts and vendor allowances. For the Foot Locker segment, inventory cost is primarily determined using the retail inventory method, and includes freight, distribution center and sourcing costs. Additionally, inventory cost for the Foot Locker segment is net of shrinkage and valuation reserves when current selling prices have not been marked down to market. Cost determination for Foot Locker merchandise inventories varies by geographic region, primarily comprised of last-in, first out (“LIFO”) for domestic inventories and first-in, first-out (“FIFO”) for international inventories. The value of LIFO inventories as calculated on a LIFO basis, approximates their value as calculated on a FIFO basis. Merchandise inventories for WSS and atmos banners are determined using the weighted average cost method. Inventories are stated at the lower of cost and net realizable value for inventories determined using weighted average cost, or market, for inventories determined using retail inventory method.
Inventories are net of shrinkage, obsolescence, other valuation accounts and vendor allowances, totaling $219.8 million and $180.1 million at January 31, 2026 and February 1, 2025, respectively.
Property and Equipment, Net
Property and Equipment, Net
Property and equipment are recorded at cost and include finance lease assets. Renewals and betterments are capitalized. Repairs and maintenance are expensed as incurred.
Depreciation is computed using the straight-line method over the following estimated useful lives:
Buildings and improvements
10-40 years
Leasehold improvements
10-25 years
Furniture, fixtures and equipment
3-10 years
Computer software
2-10 years
For leasehold improvements and property and equipment under finance lease agreements, depreciation is calculated using the straight-line method over the shorter of the estimated useful lives of the assets or the lease term. Leasehold improvements made after lease commencement are depreciated over the shorter of their estimated useful lives or the remaining lease term, including renewal periods, if reasonably assured. The Company recognized depreciation expense of $483.3 million, $397.4 million and $353.8 million in fiscal 2025, 2024 and 2023, respectively.
Capitalized Software Costs
Capitalized Software Costs
Computer software includes certain costs associated with the acquisition and development of software, which consist of internally developed software and software purchased from third parties for internal use. The Company amortizes these costs using the straight-line method over the estimated useful lives of the software, which is generally two to ten years. Certain upgrades or modifications to the Company’s internally-used software are capitalized if they enhance the software’s functionality or extend its useful life. These costs are included within property and equipment on the Company’s Consolidated Balance Sheets.
Impairment of Long-Lived Assets
Impairment of Long-Lived Assets
The Company evaluates its long-lived assets and assesses whether the carrying values have been impaired whenever events and circumstances indicate that the carrying values of these assets may not be recoverable based on estimated undiscounted future cash flows. An impairment loss is recognized when the estimated undiscounted cash flows expected to result from the use of the asset plus eventual net proceeds expected from disposition of the asset, if any, are less than the carrying value of the asset. When an impairment loss is recognized, the carrying amount of the asset is reduced to its estimated fair value as determined based on quoted market prices or through the use of other valuation techniques. The related impairment expense is recorded within selling, general and administrative expenses on the Consolidated Statements of Income.
Goodwill
Goodwill
Goodwill represents the excess of acquisition cost over the fair value of the net assets of acquired entities. The Company assesses the carrying value of goodwill annually or whenever circumstances indicate that a decline in value may have occurred.
The Company’s goodwill impairment test compares the fair value of each reporting unit to its carrying value. The Company determines the fair value of its reporting units using a combination of the income approach, by using a discounted cash flow model, and a market value approach. If the fair value of the reporting unit exceeds the carrying value of the net assets assigned to that reporting unit, goodwill is not impaired. If the carrying value of the net assets assigned to the reporting unit exceeds the fair value of the reporting unit, an impairment charge to selling, general and administrative expenses is recorded to reduce the carrying value to the fair value. A reporting unit is the operating segment, or a business unit one level below that operating segment, for which discrete financial information is prepared and regularly reviewed by management.
Intangible Assets
Intangible Assets
The Company’s intangible assets are indefinite-lived, consisting mostly of trademarks and acquired trade names, which the Company tests annually for impairment, or whenever circumstances indicate that a decline in value may have occurred, using Level 3 inputs. The Company estimates the fair value of these intangible assets based on an income approach using the relief-from-royalty method and recognizes an impairment charge when the estimated fair value of the intangible asset is less than its carrying value.
Derivative Financial Instruments
Derivative Financial Instruments
All derivative financial instruments are recorded in the Company’s Consolidated Balance Sheet at fair value. For derivatives designated as a hedge, the effective portion of the gain or loss on the hedging derivative instrument is reported as a component of other comprehensive income/loss or as a basis adjustment to the underlying hedged item and reclassified to earnings in the period in which the hedged item affects earnings. To the extent derivatives do not qualify or are not designated as hedges, or are ineffective, their changes in fair value are recorded in earnings immediately, which may subject the Company to increased earnings volatility. Cash receipts and payments are classified according to their nature in the statement of cash flows; however, cash flows from a derivative instrument that is accounted for as a fair value hedge are classified in the same category as the cash flows from the items being hedged.
Pension and Postretirement Obligations
Pension and Postretirement Obligations
Pension benefit obligations and net periodic pension costs are calculated using actuarial assumptions, including the discount rate and expected rate of return on plan assets. The discount rate is determined by reference to the Willis Towers Watson RATE:Link interest rate model that uses bond yield data to calculate an average spot rate for each future year. The model calculates a single discount rate that matches the present value for all future years in aggregate. The Company measures plan assets and benefit obligations using the calendar month end date that is closest to our fiscal year end. The expected return on plan assets assumption is derived using the current and expected asset allocation of the pension plan assets and considers
historical as well as expected performance of those assets. Refer to Note 15 – Retirement Plans and Other Benefits for further information.
Self-Insurance
Self-Insurance
The Company is self-insured for certain losses related to health, workers' compensation and general liability insurance, although a stop-loss coverage is maintained with third-party insurers to limit the Company’s liability exposure. Liabilities associated with these losses are estimated in part by considering historical claims experience, industry factors, severity factors and other actuarial assumptions.
Earnings Per Common Share
Earnings Per Common Share
Basic earnings per common share is computed based on the weighted average number of shares of common stock outstanding for a given period. Diluted earnings per common share is computed based on the weighted average number of shares of common stock outstanding, plus the effect of dilutive potential common shares, which include shares the Company could have been obligated to issue from its convertible senior notes due 2025 (the “Convertible Senior Notes”) and warrants prior to their retirement in the first quarter of fiscal 2023, and stock-based awards, such as stock options and restricted stock. Dilutive potential common shares are excluded from the computation of earnings per share if their effect is anti-dilutive.
For all periods presented, dilutive potential common shares for the Company’s stock-based awards were determined using the treasury stock method. For fiscal year 2023, the dilutive effect of the Convertible Senior Notes was calculated using the if-converted method.
Stock-Based Compensation
Stock-Based Compensation
The Company has the ability to grant teammates a number of different stock-based awards, including restricted shares of common stock, restricted stock units and stock options to purchase common stock, under the DICK’S Sporting Goods, Inc. Amended and Restated 2012 Stock and Incentive Plan (the “2012 Plan”). The Company records stock-based compensation expense based on the fair value of stock awards at the grant date and recognizes the expense over the employees’ service periods. For performance-based awards, recognition of stock-based compensation expense also includes management’s estimate of the probability of performance criteria as of the end of each reporting period. Stock-based compensation expense is recognized net of estimated forfeitures and expense is not recognized for awards that do not vest if service or performance conditions are not satisfied.
Income Taxes
Income Taxes
The Company utilizes the asset and liability method of accounting for income taxes and provides deferred income taxes for temporary differences between the amounts reported for assets and liabilities for financial statement purposes and for income tax reporting purposes, using enacted tax rates in effect in the years in which the differences are expected to reverse. The Company recognizes the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the relevant taxing authorities, based on the technical merits of the position. The tax benefits recognized in the Consolidated Financial Statements from such a position are measured based on the largest benefit that will more likely than not be realized upon ultimate settlement. Interest and penalties from income tax matters are recognized in income tax expense.
Revenue Recognition
Revenue Recognition
Sales Transactions
Revenue is recognized upon satisfaction of all contractual performance obligations and transfer of control to the customer and is measured as the amount of consideration to which the Company expects to be entitled to in exchange for corresponding goods or services. Substantially all of the Company’s sales are single performance obligation arrangements for retail sale transactions for which the transaction price is equivalent to the stated price of the product or service, net of any stated discounts applicable at a point in time. Each sales transaction results in an implicit contract with the customer to deliver a product or service at the point of sale. Revenue from retail sales is recognized at the point of sale. Sales tax amounts collected from customers that are assessed by a governmental authority are excluded from revenue.
Revenue from eCommerce sales, including vendor-direct sales arrangements, is recognized upon shipment of merchandise. Shipping and handling activities occurring subsequent to the transfer of control to the customer are accounted for as fulfillment costs rather than as a promised service. Subscription revenue from our GameChanger platform is recognized ratably over the subscription period with our customers. A provision for anticipated merchandise returns is provided through a reduction of sales and cost of goods sold in the period that the related sales are recorded.
Deferred Revenue
Revenue from gift cards and returned merchandise credits (collectively the “cards”) is deferred and recognized upon their redemption. Income from unredeemed cards is recognized on the Consolidated Statements of Income within net sales in proportion to the pattern of rights exercised by the customer in future periods. The Company performs an evaluation of historical redemption patterns from the date of original issuance to estimate future period redemption activity. During the fiscal years ended January 31, 2026 and February 1, 2025, the Company recognized $41.3 million and $30.6 million of gift card breakage revenue, respectively. For the DICK’S segment, approximately $118.5 million and $115.5 million of gift card redemptions were recorded in fiscal 2025 and fiscal 2024, respectively, that had been included in its gift card liability as of February 1, 2025 and February 3, 2024, respectively. Additionally, the Company acquired gift card liabilities totaling $22.5 million in connection with the Foot Locker acquisition. Based on the Company’s historical experience, the majority of gift card revenue is recognized within 12 months of deferral. The cards have no expiration date.
Loyalty program points are accrued at the estimated retail value per point, net of estimated breakage. The Company estimates the breakage of loyalty points based on historical redemption rates experienced within the loyalty programs. Based on the Company’s customer loyalty program policies, the majority of program points earned are redeemed or expire within 12 months. Refer to Note 7 – Deferred Revenue and Other Liabilities for additional information regarding the amount of these liabilities at January 31, 2026 and February 1, 2025.
Net sales by category
The following table disaggregates the amount of net sales attributable to hardlines, apparel and footwear for the last three fiscal years (in millions):
 
Fiscal Year
2025 (4)
20242023
Footwear (1)
$6,888.0 $3,829.0 $3,388.7 
Hardlines (2)
5,048.3 4,899.3 4,915.5 
Apparel
4,895.4 4,425.4 4,329.8 
Other (3)
383.4 289.1 350.4 
Total net sales $17,215.1 $13,442.8 $12,984.4 
(1)Includes athletic shoes for running, walking, tennis, fitness and cross training, basketball and hiking. In addition, this category also includes specialty footwear, including casual footwear and a complete line of cleats for team sports.
(2)Includes items such as sporting goods equipment, fitness equipment, golf equipment and fishing gear.
(3)Includes the Company’s non-merchandise sales categories, including in-store services, shipping, GameChanger, retail media network and licensing revenues.
(4)Includes $3.1 billion of net sales for the Foot Locker segment since the acquisition date. Refer to Note 2 – Acquisition of Foot Locker for additional information.
Cost of Goods Sold
Cost of Goods Sold
Cost of goods sold includes: the cost of merchandise and services (inclusive of vendor allowances, inventory shrinkage and inventory write-downs for the lower of cost or net realizable value, or market, for inventories using the retail inventory method, and GameChanger costs); freight; distribution; shipping; and store occupancy costs. The Company defines merchandise margin as net sales less the cost of merchandise and services sold. Store occupancy costs include rent, common area maintenance charges, real estate and other asset-based taxes, general maintenance, utilities, depreciation and certain insurance expenses.
Selling, General and Administrative Expenses
Selling, General and Administrative Expenses
Selling, general and administrative expenses include payroll and fringe benefits for our stores, field support, administrative and our GameChanger platform, advertising, bank card charges, operating costs associated with the Company’s internal eCommerce platform, technology, marketing, other store expenses and all expenses associated with operating the Company’s Customer Support Center (“CSC”) and other administrative offices.
Advertising Costs
Advertising Costs
Production costs for all forms of advertising and the costs to run the advertisements are expensed the first time the advertisement takes place. Advertising expense, net of cooperative advertising, was $641.1 million, $519.0 million and $478.1 million for fiscal 2025, 2024 and 2023, respectively.
Business Development Allowances
Business Development Allowances
Business development allowances include allowances, rebates and cooperative advertising funds received from vendors. These funds are determined for each fiscal year and the majority are based on various quantitative contract terms. Amounts expected to be received from vendors for the purchase of merchandise inventories (“vendor allowances”) are recognized as a reduction of cost of goods sold as the merchandise is sold. Amounts that represent a reimbursement of advertising costs incurred, commonly referred to as cooperative advertising, are recorded as a reduction to the related expense in the period that the expense is incurred.
Merger and Integration Costs
Merger and Integration Costs
Merger and integration costs include legal and regulatory fees, other professional services, employee retention and severance costs related to the acquisition of Foot Locker. Merger and integration costs were $164.2 million for the fiscal year ended January 31, 2026. Refer to Note 2 – Acquisition of Foot Locker for further information.
Pre-opening Expenses
Pre-opening Expenses
Pre-opening expenses, which consist primarily of rent, marketing (inclusive of grand opening advertising costs), payroll, recruiting and other store preparation costs are expensed as incurred. Rent is recognized within pre-opening expense from the date the Company takes possession of a site through the date of store opening and during periods when stores are closed for remodeling.
Construction Allowances
Construction Allowances
Substantially all of the Company’s store locations are leased. The Company may receive reimbursement from a landlord for a portion of the cost of the structure, subject to satisfactory fulfillment of applicable lease provisions. These reimbursements may be referred to as tenant allowances or construction allowances provided by landlords (“construction allowances”). The Company’s accounting for construction allowances is determined such that the Company is not deemed to have control of the underlying asset prior to lease commencement and therefore reimbursement from the landlord for tenant improvements are typically classified as lease incentives and are included as a reduction to the related operating lease asset on the Consolidated Balance Sheets. The incentive is amortized as part of operating lease expense on a straight-line basis over the term of the lease. Landlord reimbursements from these transactions are included in cash flows from operating activities as a change in construction allowances provided by landlords.
Leases
Leases
The Company determines whether a contract is or contains a lease at contract inception. Operating lease assets and liabilities are recognized at the lease’s commencement date based on the present value of remaining fixed lease payments over the lease term. As the rate implicit in the lease is not readily determinable in most of the Company’s leases, the Company uses its incremental borrowing rate based on the information available at a lease’s commencement date to determine the present value of lease payments. The Company’s incremental borrowing rate for a lease is the rate of interest it would have to pay on a collateralized basis to borrow an amount equal to the lease payments under similar terms. The operating lease asset also includes any fixed lease payments made, net of lease incentives, and initial direct costs incurred.
Operating lease expense for fixed lease payments is recognized on a straight-line basis over the lease term. Variable lease payments are generally expensed as incurred and may include certain index-based changes in rent and other non-fixed payments for services provided by the lessor. The Company’s lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. The Company’s leases do not contain any material residual guarantees or material restrictive covenants.
The Company has lease agreements with non-lease components that relate to the lease components and elected the practical expedient to account for non-lease components, and the lease components to which they relate, as a single lease component for all classes of underlying assets. The Company also elected the practical expedient to not recognize short-term leases with an initial term of 12 months or less on the Consolidated Balance Sheets.
Foreign Currency Translation
Foreign Currency Translation
The functional currency of the Company’s international operations is the applicable local currency. The translation of the applicable foreign currency into U.S. dollars is performed using current exchange rates in effect at the balance sheet date for balance sheet accounts, historical rates for equity accounts and the weighted-average rates of exchange prevailing during the year for revenue and expense accounts. The unearned gains and losses resulting from such translation are included as a separate component of accumulated other comprehensive income/loss within stockholders' equity.
Supply Chain Financing
Supply Chain Financing
The Company has entered into supply chain financing arrangements with certain third-party financial institutions, whereby suppliers have the opportunity to settle outstanding payment obligations early at a discount. The Company does not have an economic interest in suppliers’ voluntary participation and the Company does not provide any guarantees or pledge assets under these arrangements. The Company settles invoices with the third-party financial institutions in accordance with the original supplier payment terms. The Company’s rights and obligations to its suppliers, including amounts due and scheduled payment terms, are not impacted by these arrangements. Liabilities associated with the funded participation in these arrangements, which are presented within accounts payable on the Consolidated Balance Sheets, were $33.2 million and $49.6 million as of January 31, 2026 and February 1, 2025, respectively.
The following table illustrates the changes in the outstanding obligations within supply chain financing arrangements as of the fiscal years presented below (in thousands):
20252024
Balance at beginning of year
$49,555 $45,884 
Invoices confirmed
180,992 229,588 
Confirmed invoices paid
(197,344)(225,917)
Balance at end of year
$33,203 $49,555 
Recent Accounting Pronouncements
Recently Adopted Accounting Pronouncement
Improvements to Income Tax Disclosures
In December 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures,” which requires that an entity, on an annual basis, disclose additional income tax information, primarily related to the rate reconciliation and income taxes paid. The amendments in this ASU are intended to enhance the transparency and decision usefulness of income tax disclosures and are effective for annual periods beginning after December 15, 2024, with early adoption permitted for annual financial statements that have not yet been issued. The amendments should be applied on a prospective basis, although retrospective application is permitted. The Company adopted ASU 2023-09 on a prospective basis during the fourth quarter of fiscal 2025. Refer to Note 13 – Income Taxes for further information.
Recently Issued Accounting Pronouncements
Disaggregation of Income Statement Expenses
In November 2024, the FASB issued ASU 2024-03, “Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses,” which requires a public entity
to disclose additional information about specific expense categories in the notes to financial statements on an annual and interim basis. The amendments are effective for annual periods beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027, with early adoption permitted. A public entity should apply the amendments either prospectively to financial statements issued for reporting periods after the effective date of this ASU or retrospectively to any or all prior periods presented in the financial statements. The Company is currently evaluating the impact that adoption of this accounting standard will have on its financial disclosures.
Targeted Improvements to the Accounting for Internal-Use Software
In September 2025, the FASB issued ASU 2025-06, “Intangibles – Goodwill and Other – Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software,” which is intended to improve and modernize the accounting for software costs to better align with the evolution of software development. The amendments are effective for annual periods beginning after December 15, 2027, and interim periods within those annual periods, with early adoption permitted as of the beginning of an annual reporting period. The amendments may be applied on a prospective basis, a modified basis for in-process projects or on a retrospective basis. The Company is currently evaluating the impact that adoption of this accounting standard will have on the Company’s Financial Statements.
v3.26.1
Basis of Presentation and Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Jan. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Cash and Cash Equivalents
Cash and cash equivalents were comprised of the following for the fiscal years presented (in thousands):
20252024
Cash (1)
$352,014 $600,940 
Money market funds1,001,212 1,089,000 
Total cash and cash equivalents$1,353,226 $1,689,940 
(1)Cash includes amounts due from third-party financial institutions for the settlement of credit card and debit card transactions, which typically process within three business days.
Schedule of estimated useful lives
Depreciation is computed using the straight-line method over the following estimated useful lives:
Buildings and improvements
10-40 years
Leasehold improvements
10-25 years
Furniture, fixtures and equipment
3-10 years
Computer software
2-10 years
Schedule of net sales attributable to footwear, hardlines and apparel
The following table disaggregates the amount of net sales attributable to hardlines, apparel and footwear for the last three fiscal years (in millions):
 
Fiscal Year
2025 (4)
20242023
Footwear (1)
$6,888.0 $3,829.0 $3,388.7 
Hardlines (2)
5,048.3 4,899.3 4,915.5 
Apparel
4,895.4 4,425.4 4,329.8 
Other (3)
383.4 289.1 350.4 
Total net sales $17,215.1 $13,442.8 $12,984.4 
(1)Includes athletic shoes for running, walking, tennis, fitness and cross training, basketball and hiking. In addition, this category also includes specialty footwear, including casual footwear and a complete line of cleats for team sports.
(2)Includes items such as sporting goods equipment, fitness equipment, golf equipment and fishing gear.
(3)Includes the Company’s non-merchandise sales categories, including in-store services, shipping, GameChanger, retail media network and licensing revenues.
(4)Includes $3.1 billion of net sales for the Foot Locker segment since the acquisition date. Refer to Note 2 – Acquisition of Foot Locker for additional information.
Supply Chain Financing
The following table illustrates the changes in the outstanding obligations within supply chain financing arrangements as of the fiscal years presented below (in thousands):
20252024
Balance at beginning of year
$49,555 $45,884 
Invoices confirmed
180,992 229,588 
Confirmed invoices paid
(197,344)(225,917)
Balance at end of year
$33,203 $49,555 
v3.26.1
Acquisition of Foot Locker (Tables)
 12 Months Ended
Jan. 31, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Business Combination Total purchase consideration for the Transaction was $2.5 billion, which was partially funded by cash on-hand in addition to the other components of consideration detailed in the table below:
(in thousands)September 8, 2025
Fair value of Stock Consideration$2,144,211 
Cash paid for outstanding Foot Locker common stock222,962 
Fair value of previously held equity interest (1)
111,632 
Pre-combination fair value of replacement equity awards 29,032 
Cash paid for the settlement of equity awards4,825 
Total fair value of consideration exchanged$2,512,662 
(1)Represents the fair value of 4.3 million shares of Foot Locker common stock held by the Company prior to the Transaction, which were retired pursuant to the Merger Agreement.
Business Combination, Recognized Asset Acquired and Liability Assumed
We have accounted for the Transaction as a business combination under the acquisition method in accordance with Accounting Standards Codification (“ASC”) 805, Business Combinations. The following table summarizes the preliminary purchase price allocation of the estimated fair values of assets acquired and liabilities assumed as of September 8, 2025:
(in thousands)September 8, 2025
Cash and cash equivalents$484,882 
Accounts receivable and other receivables147,432 
Inventories1,718,069 
Prepaid expenses and other current assets179,388 
Property and equipment697,865 
Operating lease assets1,876,206 
Intangible assets710,000 
Goodwill618,840 
Deferred income tax assets78,268 
Other assets144,264 
Accounts payable(590,654)
Accrued expenses(482,387)
Current operating lease liabilities(443,533)
Deferred revenue and other liabilities(112,253)
Long-term debt and financing lease obligations(420,760)
Long-term operating lease liabilities(1,876,709)
Deferred income tax liabilities(152,931)
Other long-term liabilities(63,325)
Total preliminary purchase price$2,512,662 
Business Combination, Pro Forma Information The unaudited pro forma combined financial information is provided for informational purposes only and may not be indicative of the operating results that would have occurred if the Transaction had occurred on February 4, 2024, nor is it indicative of the future results of the Company following the Transaction.
(in thousands, except per share amounts)Fiscal 2025Fiscal 2024
Net sales$21,786,502 $21,431,183 
Net income$755,469 $1,142,955 
Basic earnings per common share$8.51 $12.69 
Diluted earnings per common share$8.30 $12.34 
v3.26.1
Earnings Per Common Share (Tables)
 12 Months Ended
Jan. 31, 2026
Earnings Per Share [Abstract]  
Schedule of the computations for basic and diluted earnings per common share
The computations for basic and diluted earnings per common share were as follows for the fiscal years presented below (in thousands, except per share data):
 
202520242023
Numerator:
Net income for earnings per common share – basic
$849,239 $1,165,308 $1,046,519 
Effect of dilutive securities
Interest expense associated with Convertible Senior Notes, net of tax— — 337 
Net income for earnings per common share – diluted
$849,239 $1,165,308 $1,046,856 
Denominator:
Weighted average common shares outstanding – basic
83,135 80,468 82,302 
Dilutive effect of stock-based awards2,009 2,461 2,977 
Dilutive effect of warrants— — 254 
Dilutive effect of Convertible Senior Notes— — 392 
Weighted average common shares outstanding – diluted
85,144 82,929 85,925 
Earnings per common share:
Basic$10.22 $14.48 $12.72 
Diluted$9.97 $14.05 $12.18 
Stock-based awards excluded from diluted shares63 18 186 
v3.26.1
Property and Equipment (Tables)
 12 Months Ended
Jan. 31, 2026
Property, Plant and Equipment [Abstract]  
Schedule of the components of property and equipment
Property and equipment consist of the following as of the end of the fiscal years presented below (in thousands):
20252024
Land, buildings and improvements
$950,097 $643,526 
Leasehold improvements
3,328,234 2,583,589 
Furniture, fixtures and equipment
1,911,866 1,394,010 
Computer software
969,932 746,664 
Total property and equipment
7,160,129 5,367,789 
Less: accumulated depreciation and amortization(3,647,353)(3,297,875)
Net property and equipment
$3,512,776 $2,069,914 
v3.26.1
Goodwill and Other Intangible Assets (Tables)
 12 Months Ended
Jan. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table presents changes in the carrying amount of goodwill recorded in the Company’s Consolidated Balance Sheets, summarized by reportable segment, including amounts recognized as part of the Transaction to the Foot Locker reportable segment (in thousands):
Fiscal 2025
DICK’S SegmentFoot Locker SegmentTotal
Balance as of February 1, 2025$245,857 $— $245,857 
Acquisition of Foot Locker— 618,840 618,840 
Currency translation— (650)(650)
Balance as of January 31, 2026$245,857 $618,190 $864,047 
Schedule of components of intangible assets
The components of intangible assets were as follows as of the end of the fiscal years presented below (in thousands):
 
20252024
 
Gross AmountAccumulated AmortizationGross AmountAccumulated Amortization
Trademarks (indefinite-lived)$35,165 $— $35,165 $— 
Trade names (indefinite-lived) (1)
725,637 — 15,660 — 
Other indefinite-lived intangible assets
7,773 — 7,773 — 
Total indefinite-lived intangible assets768,575 — 58,598 — 
Customer lists
18,195 (18,195)18,195 (18,195)
Total intangible assets
$786,770 $(18,195)$76,793 $(18,195)
(1)The increase in trade names during fiscal 2025 is due to $710.0 million of trade names recognized in the acquisition of Foot Locker on September 8, 2025, including the impact of currency translation.
v3.26.1
Accrued Expenses (Tables)
 12 Months Ended
Jan. 31, 2026
Accrued Liabilities, Current [Abstract]  
Schedule of accrued expenses
Accrued expenses consist of the following as of the end of the fiscal years presented below (in thousands):
20252024
Payroll, withholdings and benefits$397,698 $256,881 
Real estate taxes, utilities and other occupancy costs149,221 93,208 
Property and equipment212,561 111,552 
Advertising63,144 41,890 
Sales tax54,816 38,278 
Other 237,866 111,515 
Total accrued expenses$1,115,306 $653,324 
v3.26.1
Deferred Revenue and Other Liabilities (Tables)
 12 Months Ended
Jan. 31, 2026
Deferred Credits and Other Liabilities [Abstract]  
Schedule of deferred revenue and other liabilities
Deferred revenue and other liabilities consist of the following as of the end of the fiscal years presented below (in thousands):
20252024
Current:
  
Deferred gift card revenue
$305,548 $260,248 
Customer loyalty program
110,473 52,097 
Other
112,799 82,696 
Total current deferred revenue and other liabilities
$528,820 $395,041 
Long-term:
 
Deferred compensation$178,006 $153,707 
Other
104,161 42,137 
Total other long-term liabilities
$282,167 $195,844 
v3.26.1
Operating Leases (Tables)
 12 Months Ended
Jan. 31, 2026
Leases, Operating [Abstract]  
Components of lease cost
The components of lease cost for the following fiscal years presented below were as follows (in thousands):
202520242023
Operating lease cost$886,966 $636,744 $612,595 
Short-term lease cost53,931 26,186 31,234 
Variable lease cost234,805 131,832 125,043 
Sublease income(10,348)(11,842)(11,730)
Total lease cost$1,165,354 $782,920 $757,142 
Other information related to operating leases
Supplemental cash flow information related to operating leases for the following fiscal years are presented below (in thousands):
202520242023
Cash paid for amounts included in the measurement of operating lease liabilities$967,611 $708,988 $733,455 
Non-cash operating lease assets obtained in exchange for operating lease liabilities $1,247,318 $767,645 $697,499 

Supplemental balance sheet information related to operating leases were as follows:
January 31,
2026		February 1,
2025
Weighted average remaining lease term for operating leases7.71 years7.37 years
Weighted average discount rate for operating leases5.21 %5.51 %
Schedule of future maturities of operating lease liabilities determined under Topic 842
Future maturities of operating lease liabilities were as follows as of January 31, 2026 (in thousands):
Fiscal Year
2026$1,256,381 
20271,173,619 
2028963,462 
2029787,586 
2030643,099 
Thereafter2,347,506 
Total future undiscounted lease payments7,171,653 
Less: imputed interest(1,330,309)
      Total reported lease liability$5,841,344 
v3.26.1
Long-Term Debt and Financing Lease Obligations (Table)
 12 Months Ended
Jan. 31, 2026
Senior Notes [Abstract]  
Long-Term Debt and Financing Lease Obligations
The components of long-term debt, including the Company’s Senior Notes, and financing lease obligations were as follows for the fiscal years presented (in thousands):
20252024
2029 Notes (1)
$400,000 $— 
2032 Notes750,000 750,000 
2052 Notes750,000 750,000 
Total principal for Senior Notes1,900,000 1,500,000 
Financing lease obligations39,242 — 
Total debt and financing lease obligations1,939,242 1,500,000 
Discounts, issuance costs and current portion of financing lease obligations(33,943)(15,783)
Total long-term debt and financing lease obligations$1,905,299 $1,484,217 
(1)Includes $18.1 million of aggregate principal issued by Foot Locker, not exchanged under the Exchange Offer.
v3.26.1
Fair Value Measurements (Tables)
 12 Months Ended
Jan. 31, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
Assets and liabilities measured at fair value on a recurring basis for the following periods are set forth in the table below (in thousands):
January 31, 2026February 1, 2025
Assets:
Level 1:
Deferred compensation plan assets held in trust$178,006 $153,707 
Level 2:
Available-for-sale security5,544 — 
Foreign exchange forward contracts727 — 
Cross-currency swap contract18,449 — 
Total assets$202,726 $153,707 
Liabilities:
Level 1:
Deferred compensation liabilities$178,006 $153,707 
Level 2:
Foreign exchange forward contracts6,469 — 
Total liabilities$184,475 $153,707 
Schedule of carrying values and estimated fair values of debt instruments
The Company discloses the fair value of its Senior Notes using Level 2 inputs, which are based on quoted prices for similar or identical instruments in inactive markets, as follows (in thousands):
January 31, 2026February 1, 2025
Carrying ValueFair ValueCarrying ValueFair Value
2029 Notes $384,500 $394,132 $— $— 
2032 Notes$744,722 $690,683 $743,933 $657,608 
2052 Notes$740,484 $548,258 $740,284 $546,165 
v3.26.1
Income Taxes (Tables)
 12 Months Ended
Jan. 31, 2026
Income Tax Disclosure [Abstract]  
Schedule of components of the provision for income taxes
The components of the provision for income taxes are as follows for the fiscal years presented (in thousands):
202520242023
Current:
  
Federal
$124,523 $292,197 $212,369 
State
62,067 76,366 55,920 
International6,328 — — 
Total current provision192,918 368,563 268,289 
Deferred:
  
Federal
94,068 (13,255)4,301 
State
4,265 (1,583)(958)
International1,483 — — 
Total deferred provision99,816 (14,838)3,343 
Total provision
$292,734 $353,725 $271,632 
Reconciliation of the federal statutory income tax rate to the effective income tax rate
In accordance with the adoption of ASU 2023-09 on a prospective basis, the following table reflects the reconciliation of the federal statutory rate to the Company’s effective income tax rate for the current fiscal year (dollar amounts in thousands):
2025
AmountPercent
U.S. federal statutory tax rate$239,814 21.00 %
Domestic state and local income taxes, net of federal income tax effect (1)
47,689 4.17 %
Foreign tax effects10,959 0.96 %
Effect of changes in tax laws or rates enacted in the current period— — %
Effect of cross-border tax laws3,957 0.35 %
Tax credits(17,290)(1.51)%
Changes in valuation allowances(2,565)(0.22)%
Nontaxable or nondeductible items:
Transaction costs13,674 1.20 %
Other (2)
(7,905)(0.70)%
Changes in unrecognized tax benefits4,389 0.38 %
Other adjustments 12 — %
Effective income tax rate$292,734 25.63 %
(1)State taxes in New York, California, Pennsylvania, Illinois, New Jersey and Massachusetts represent the majority (greater than 50%) of the tax effect in this category.
(2)Includes $9.1 million of excess tax benefits from stock-based compensation, net of non-deductible amounts.
For fiscal years prior to the adoption of ASU 2023-09, the following table is a reconciliation of the statutory federal income tax rate to the Company’s effective tax rate for the periods presented:
20242023
Federal statutory rate
21.0 %21.0 %
State tax, net of federal benefit
4.2 %4.2 %
Excess tax benefit related to stock-based compensation(1.8)%(4.9)%
Eliminated bond hedge deduction following Convertible Senior Notes exchanges— %0.2 %
Other permanent items
(0.1)%0.1 %
Effective income tax rate
23.3 %20.6 %
Schedule of the components of deferred tax assets (liabilities)
Components of deferred tax assets (liabilities) consist of the following as of the end of the fiscal years presented (in thousands):
20252024
Operating lease liabilities$1,521,547 $782,953 
Inventory
62,267 57,793 
Employee benefits and withholdings75,456 49,653 
Stock-based compensation
22,780 18,395 
Gift cards
27,240 24,946 
Other accrued expenses not currently deductible for tax purposes69,753 16,338 
Net operating loss carryforward237,242 — 
Capital loss, credits and other carryforwards72,882 — 
Other
33,789 13,973 
Total deferred tax assets
2,122,956 964,051 
Valuation allowance(315,687)— 
Total deferred tax assets, net1,807,269 964,051 
Operating lease assets(1,191,771)(605,401)
Property and equipment
(407,708)(274,823)
Inventory valuation
(132,249)(27,849)
Intangibles
(189,325)— 
Other
(7,635)(3,294)
Total deferred tax liabilities
(1,928,688)(911,367)
Net deferred tax (liability) asset$(121,419)$52,684 
Schedule of reconciliation of the Company's total unrecognized tax benefits balances, excluding interest and penalties
The following table provides a reconciliation of the Company’s total balance of unrecognized tax benefits, excluding interest and penalties (in thousands):
202520242023
Beginning of fiscal year
$6,250 $2,851 $1,058 
Increase as a result of Foot Locker acquisition (1)
29,863 — — 
Increases as a result of tax positions taken in a prior period
1,961 3,201 1,463 
Decreases as a result of tax positions taken in a prior period
(54)(1,058)— 
Increases as a result of tax positions taken in the current period5,424 1,364 — 
Increases as a result of settlements during the current period— — 364 
Decreases as a result of settlements during the current period
(1,632)(108)(34)
Reductions as a result of a lapse of statute of limitations during the current period
(1,578)— — 
End of fiscal year
$40,234 $6,250 $2,851 
(1)Fiscal 2025 includes foreign currency translation adjustments of $1.0 million.
Schedule of Income before Income Tax, Domestic and Foreign
In accordance with the adoption of ASU 2023-09 on a prospective basis, the following table reflects the domestic and international components of income before income taxes are as follows (in thousands):
2025
Domestic$1,145,517 
International(3,544)
Total income before income taxes$1,141,973 
v3.26.1
Stock-Based Compensation (Tables)
 12 Months Ended
Jan. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of stock-based compensation The following table provides total stock-based compensation recognized in the Consolidated Statements of Income for the fiscal years presented (in thousands):
2025 (1)
20242023
Restricted stock expense
$95,061 $43,130 $36,196 
Performance-based restricted stock expense28,605 27,557 19,053 
Stock option expense
1 314 2,036 
Total stock-based compensation expense$123,667 $71,001 $57,285 
Total related tax benefit$18,243 $12,768 $10,616 
(1)Includes $41.7 million of immediate expense from the acceleration of unvested equity awards following the termination of certain executives in connection with the Foot Locker acquisition, which was included within merger and integration costs on the Consolidated Statements of Income for the fiscal year ended January 31, 2026.
Schedule of nonvested restricted stock activity
Restricted stock activity for fiscal 2025 is presented in the following table:
Restricted Stock
SharesWeighted Average Grant Date Fair ValueIntrinsic Value
(in millions)
Nonvested, February 1, 2025998,356 $139.05 $239.7 
Foot Locker replacement equity (1)
452,896 223.83 
Granted345,579 210.87 
Vested (1)
(619,017)156.31 
Forfeited(54,623)160.31 
Nonvested, January 31, 20261,123,191 $184.79 $226.9 
(1)The total fair value of restricted stock issued to Foot Locker employees as part of the acquisition was $101.4 million, which was apportioned between purchase consideration, or $29.0 million attributable to pre-combination vesting, $41.7 million of immediate expense from the acceleration of unvested equity awards following the termination of certain executives and post-combination expense of $30.7 million. Of the 0.5 million restricted stock units issued for Foot Locker replacement equity, approximately 0.3 million units vested during 2025, including those that accelerated for certain executives, and approximately 0.2 million units were outstanding as of January 31, 2026.
Schedule of nonvested performance-based restricted stock activity
Performance-based restricted stock activity for fiscal 2025 is presented in the following table:
Performance-based Restricted Stock
UnitsWeighted Average Grant Date Fair ValueIntrinsic Value
(in millions)
Nonvested, February 1, 2025405,755 $147.82 $97.4 
Granted (1)
374,150 187.05 
Vested(244,657)129.42 
Forfeited(11,214)174.41 
Nonvested, January 31, 2026
524,034 $183.85 $105.9 
(1)Includes 40,562 awards with a weighted-average grant date fair value of $211.19 that were issued during fiscal 2025 based on the determination of actual performance criteria attainment of 157% for awards granted in fiscal 2024. These awards are expected to vest in fiscal 2027. Activity also includes 22,244 awards with a weighted-average grant date fair value of $148.70 that were issued during fiscal 2025 based on the determination of actual performance criteria attainment of 118% for awards granted in fiscal 2023. These awards vested in fiscal 2025.
Schedule of stock option activity
Fiscal 2025 stock option activity is presented in the following table:
Shares Subject to OptionsWeighted Average Exercise Price per ShareWeighted Average Remaining Contractual Life (Years)Aggregate Intrinsic Value (in millions)
Outstanding, February 1, 20251,343,213 $15.25 1.98$302.0 
Exercised(90,535)$16.72 
Outstanding, January 31, 20261,252,678 $15.14 0.98$234.1 
Exercisable, January 31, 20261,252,678 $15.14 0.98$234.1 
Vested or expected to vest, January 31, 20261,252,678 $15.14 0.98$234.1 
The following table presents stock option information for the last three fiscal years (in millions):
202520242023
Total intrinsic value of stock options exercised$17.3 $140.7 $69.2 
Income tax benefit from the exercise of stock options$1.3 $16.7 $13.7 
Total fair value of stock options vested$— $1.8 $3.3 
v3.26.1
Retirement Plans and Other Benefits (Tables)
 12 Months Ended
Jan. 31, 2026
Retirement Benefits [Abstract]  
Defined Benefit Plan, Plan with Projected Benefit Obligation in Excess of Plan Assets
The following tables set forth changes in benefit obligations and plan assets, funded status, and amounts recognized in the Consolidated Balance Sheet related to the Foot Locker pension plans from the date of acquisition (in thousands):
2025
Change in benefit obligation:
Benefit obligation as of September 8, 2025$408,362 
Service cost38 
Interest cost7,884 
Actuarial gains(5,075)
Foreign currency translation adjustments710 
Benefits paid(9,955)
Benefit obligation as of January 31, 2026$401,964 
Change in plan assets:
Fair value of plan assets as of September 8, 2025$400,218 
Actual return on plan assets15,783 
Employer contributions1,564 
Foreign currency translation adjustments774 
Benefits paid(9,955)
Fair value of plan assets as of January 31, 2026$408,384 
Funded status$6,420 
Amounts recognized on Consolidated Balance Sheet
Other assets$13,778 
Accrued expenses(1,919)
Other long-term liabilities(5,439)
Net amount recognized$6,420 
Defined Benefit Plan, Assumptions
The following assumptions were used to determine net benefit cost or income:
2025
Discount rate5.2 %
Rate of compensation increase (1)
3.0 %
Expected long-term rate of return on assets5.8 %
(1)The rate of compensation increase relates only to the Canadian pension plan, as the other plans are frozen.
Schedule of Net Benefit Costs The following table presents the components of net pension benefit cost (income) (in thousands):
2025
Service cost$38 
Interest cost7,884 
Expected return on plan assets(8,673)
Net benefit income$(751)
Schedule of Allocation of Plan Assets
The fair values of pension plan assets as of January 31, 2026 were as follows (in thousands):
Level 1Level 2Level 32025 Total
Cash equivalents$— $16,954 $— $16,954 
Commingled funds:
Equity securities— 121,813 — 121,813 
Fixed-income securities— 180,552 — 180,552 
Real estate securities— 9,259 — 9,259 
Mutual funds and ETF55,581 — — 55,581 
Fixed-income securities— 23,985 — 23,985 
Insurance contract— 158 — 158 
Other— 82 — 82 
Net benefit expense$55,581 $352,803 $— $408,384 
Schedule of Expected Benefit Payments
Estimated future benefit payments for each of the next five years and the five years thereafter are as follows:
Fiscal Year
2026$46,512 
2027$35,733 
2028$34,545 
2029$32,797 
2030$31,164 
2031 - 2035$140,695 
v3.26.1
Stockholders' Equity (Tables)
 12 Months Ended
Jan. 31, 2026
Stockholders' Equity Note [Abstract]  
Schedule of common stock repurchased (in thousands):
 
Fiscal Year
 
2025
2024 (1)
2023
Shares of common stock repurchased1,5841,2635,439
Treasury stock acquired during the fiscal year, including excise tax$341,708 $268,676 $649,820 
(1) Fiscal 2024 included $5.0 million of cash settlements for shares of treasury stock that was paid in the first week of fiscal 2025.
Schedule of components of Accumulated Other Comprehensive Income (Loss)
The components of the accumulated other comprehensive income (loss) are as follows for the fiscal years presented (in thousands):
 
Fiscal Year
 
202520242023
Hedge contracts$2,257 $— $— 
Unrecognized pension and postretirement$8,226 $— $— 
Foreign currency translation adjustments$7,330 $(755)$(329)
Schedule of Changes in Accumulated Other Comprehensive Income (Loss)
The changes in accumulated other comprehensive income (loss) are as follows for fiscal year ended January 31, 2026 (in thousands):
Hedge ContractsItems Related to Pension and Postretirement BenefitsForeign Currency TranslationTotal
Balance, February 1, 2025$— $— $(755)$(755)
Other comprehensive income before reclassification, net of tax
3,375 — 8,085 11,460 
Reclassification of hedges, net of tax(1,118)— — (1,118)
Pension and postretirement remeasurement, net tax— 8,226 — 8,226 
Other comprehensive income2,257 8,226 8,085 18,568 
Balance, January 31, 2026$2,257 $8,226 $7,330 $17,813 
v3.26.1
Segment Reporting (Tables)
 12 Months Ended
Jan. 31, 2026
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
See the table below for significant expense categories and amounts for each reportable segment, and the reconciliation to income before taxes, which now incorporates the change in reportable segments for DICK’S and Foot Locker (in thousands):
202520242023
DICK’S
Net sales$14,108,943 $13,442,849 $12,984,399 
Cost of merchandise and services sold7,100,929 6,813,682 6,664,212 
Occupancy costs (1)
1,197,019 1,139,387 1,100,720 
Personnel expense (2)
1,972,850 1,869,257 1,838,554 
Other segment expenses (4)
2,269,702 2,122,954 1,999,775 
Segment profit$1,568,443 $1,497,569 $1,381,138 
Foot Locker
Net sales$3,106,177 $— $— 
Cost of merchandise and services sold (3)
1,873,614 — — 
Occupancy costs (1)
414,557 — — 
Personnel expense (2)
497,616 — — 
Other segment expenses (4)
372,610 — — 
Segment loss$(52,220)$— $— 
Total segment profit$1,516,223 $1,497,569 $1,381,138 
Corporate and other expenses (5)
420,314 23,637 98,773 
Interest expense64,263 52,987 58,023 
Other income(110,327)(98,088)(93,809)
Consolidated income before income taxes$1,141,973 $1,519,033 $1,318,151 
(1)Occupancy costs include rent, common area maintenance charges, real estate and other asset-based taxes, general maintenance, utilities, depreciation and certain insurance expenses.
(2)Personnel expenses include wages, salaries, and other forms of compensation related to store and administrative employees within selling, general and administrative expenses.
(3)Cost of merchandise and services sold for the Foot Locker segment includes supply chain costs as part of their application of the retail-inventory method.
(4)Includes expenses associated with advertising, bank card charges, pre-opening expenses, shipping expenses, costs to operate the Company’s internal eCommerce platforms, technology, other store expenses, certain foreign exchange transaction gains and losses, and expenses associated with operating the Company’s Customer Support Center or Foot Locker corporate headquarters. Additionally, other segment items include supply chain costs for the DICK’S segment, which are included in cost of merchandise and services sold for the Foot Locker segment.
(5)Corporate and other expenses, which represent costs not specifically related to the recurring operations of the Company’s segments, are not included in segment profit or loss as they are not used by the Company to evaluate segment performance. For fiscal 2025, corporate and other expenses include Foot Locker acquisition-related costs, which consist of charges to write down and liquidate inventory from the Company’s review of the Foot Locker Business and merger and integration costs, and an asset impairment charge. Both periods presented also include the effects related to changes in the investment values of the Company’s deferred compensation plans, which is fully offset in other income.
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas
The following table disaggregates net sales by geographic location for the following fiscal periods (in millions):
202520242023
DICK’S
United States$14,108.9 $13,442.8 $12,984.4 
Foot Locker
United States2,075.7 — — 
International (1)
1,030.5 — — 
Total Foot Locker3,106.2 — — 
Total net sales $17,215.1 $13,442.8 $12,984.4 
(1)For fiscal year ended January 31, 2026, the countries that comprised the majority of the revenue for the international category were Italy, France, Canada and Australia. No other individual country included in the international category was significant.

The following table quantifies long-lived assets, consisting of net property and equipment and lease right-of-use assets, by geographic location for the following fiscal periods (in thousands):
20252024
United States$7,256,525 $4,437,231 
International850,921 — 
Total long-lived assets$8,107,446 $4,437,231 
Schedule of capital expenditures and depreciation and amortization by segment
The following table quantifies depreciation and amortization expense by reportable segment for the fiscal years presented below (in thousands):
202520242023
DICK’S$425,043 $400,409 $393,933 
Foot Locker63,587 — — 
Total depreciation and amortization expense$488,630 $400,409 $393,933 

The following table quantifies capital expenditures by reportable segment for the fiscal years presented below (in thousands):
202520242023
DICK’S$1,043,463 $802,565 $587,426 
Foot Locker 93,713 — — 
Total capital expenditures$1,137,176 $802,565 $587,426 
v3.26.1
Basis of Presentation and Summary of Significant Accounting Policies (Details)
$ in Thousands
 12 Months Ended
Jan. 31, 2026
USD ($)
days
Feb. 01, 2025
USD ($)
Feb. 03, 2024
USD ($)
Cash and Cash Equivalents / Cash Management      
Interest income $ 41,900 $ 77,900 $ 79,700
Cash 352,014 600,940  
Money market funds 1,001,212 1,089,000  
Total cash and cash equivalents $ 1,353,226 1,689,940  
Number of business days for typical settlement of credit and debit card transactions | days 3    
Checks drawn in excess of cash balances not yet presented for payment $ 96,900 79,900  
Accounts Receivable      
Accounts Receivable from Landords 274,000 160,200  
Inventories      
Inventory valuation and vendor allowances 219,800 180,100  
Advertising Costs      
Advertising expense net of cooperative advertising 641,100 519,000 478,100
Depreciation expense 483,300 397,400 353,800
Merger and integration costs $ 164,191 $ 0 $ 0
v3.26.1
Basis of Presentation and Summary of Significant Accounting Policies - Property and Equipment (Details) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Property and Equipment      
Depreciation expense $ 483.3 $ 397.4 $ 353.8
Building and improvements | Minimum      
Property and Equipment      
Estimated useful life 10 years    
Building and improvements | Maximum      
Property and Equipment      
Estimated useful life 40 years    
Leasehold improvements | Minimum      
Property and Equipment      
Estimated useful life 10 years    
Leasehold improvements | Maximum      
Property and Equipment      
Estimated useful life 25 years    
Furniture, fixtures and equipment | Minimum      
Property and Equipment      
Estimated useful life 3 years    
Furniture, fixtures and equipment | Maximum      
Property and Equipment      
Estimated useful life 10 years    
Computer software | Minimum      
Property and Equipment      
Estimated useful life 2 years    
Computer software | Maximum      
Property and Equipment      
Estimated useful life 10 years    
v3.26.1
Basis of Presentation and Summary of Significant Accounting Policies - Revenue Recognition (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Sep. 08, 2025
Revenue Recognition        
Total net sales $ 17,215,120 $ 13,442,849 $ 12,984,399  
Foot Locker        
Revenue Recognition        
Total net sales 3,106,177 0 0  
Acquired gift card liabilities       $ 22,500
Foot Locker, Inc. | Foot Locker        
Revenue Recognition        
Total net sales 3,100,000      
Gift card breakage revenue        
Revenue Recognition        
Revenue recognized from contract liability at beginning of period 41,300 30,600    
Gift card redemption revenue        
Revenue Recognition        
Revenue recognized from contract liability at beginning of period $ 118,500 115,500    
Gift card redemption revenue | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-02-04        
Revenue Recognition        
Expected timing of performance obligation satisfaction 12 months      
Customer loyalty redemption revenue | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-02-04        
Revenue Recognition        
Expected timing of performance obligation satisfaction 12 months      
Hardlines        
Revenue Recognition        
Total net sales $ 5,048,300 4,899,300 4,915,500  
Apparel        
Revenue Recognition        
Total net sales 4,895,400 4,425,400 4,329,800  
Footwear        
Revenue Recognition        
Total net sales 6,888,000 3,829,000 3,388,700  
Other        
Revenue Recognition        
Total net sales $ 383,400 $ 289,100 $ 350,400  
v3.26.1
Basis of Presentation and Summary of Significant Accounting Policies - Supplier Finance Program (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]      
Invoices confirmed $ 180,992 $ 229,588  
Confirmed invoices paid (197,344) (225,917)  
Balance at period end $ 33,203 $ 49,555 $ 45,884
Location of supply chain financing liability on Consolidated Balance Sheets. Accounts payable    
v3.26.1
Acquisition of Foot Locker - Narrative (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 6 Months Ended 12 Months Ended
Sep. 08, 2025
May 15, 2025
Jan. 31, 2026
Aug. 02, 2025
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Business Combination [Line Items]              
Deferred Tax Liabilities, Net     $ 121,419   $ 121,419    
Net sales         17,215,120 $ 13,442,849 $ 12,984,399
Net income         849,239 1,165,308 1,046,519
Foot Locker              
Business Combination [Line Items]              
Net sales         3,106,177 0 $ 0
Foot Locker, Inc.              
Business Combination [Line Items]              
Planned acquisition, share price (in dollars per share)   $ 24          
Planned acquisition, equity exchange ratio   0.1168          
Total purchase consideration for the Transaction $ 2,512,662            
Deferred Tax Asset, Effect on Goodwill, Increase (Decrease) 285,800            
Deferred Tax Liabilities, Net 6,400            
Goodwill, Measurement Period Adjustment     $ 160,400        
Goodwill, Expected Tax Deductible, Amount $ 24,000            
Adjustment, Goodwill Impairment       $ 110,000      
Acquisition-Related Cost, Expensed           $ 169,500  
Business Combination, Separately Recognized Transaction, Acquisition-Related Cost, Expensed, Statement of Income or Comprehensive Income [Extensible Enumeration]           Merger and integration costs  
Stock-based awards excluded from diluted shares (in shares) 9,600,000            
Foot Locker, Inc. | Foot Locker              
Business Combination [Line Items]              
Net sales         3,100,000    
Net income         $ 60,000    
v3.26.1
Acquisition of Foot Locker - Schedule of Fair Value Exchanged (Details) - USD ($)
$ in Thousands, shares in Millions
 12 Months Ended
Sep. 08, 2025
Jan. 31, 2026
Business Combination [Line Items]    
Pre-combination fair value of replacement equity awards   $ 29,032
Foot Locker, Inc.    
Business Combination [Line Items]    
Fair value of Stock Consideration $ 2,144,211  
Cash paid for outstanding Foot Locker common stock 222,962  
Fair value of previously held equity interest (1) 111,632  
Pre-combination fair value of replacement equity awards 29,032  
Cash paid for the settlement of equity awards 4,825  
Total fair value of consideration exchanged $ 2,512,662  
Preacquisition equity interest in acquiree (in shares) 4.3  
v3.26.1
Acquisition of Foot Locker - Schedule of Purchase Price Allocation (Details) - USD ($)
$ in Thousands
Jan. 31, 2026
Sep. 08, 2025
Feb. 01, 2025
Business Combination [Line Items]      
Goodwill $ 864,047   $ 245,857
Foot Locker, Inc.      
Business Combination [Line Items]      
Cash and cash equivalents   $ 484,882  
Accounts receivable and other receivables   147,432  
Inventories   1,718,069  
Prepaid expenses and other current assets   179,388  
Property and equipment   697,865  
Operating lease assets   1,876,206  
Intangible assets   710,000  
Goodwill   618,840  
Deferred income tax assets   78,268  
Other assets   144,264  
Accounts payable   (590,654)  
Accrued expenses   (482,387)  
Current operating lease liabilities   (443,533)  
Deferred revenue and other liabilities   (112,253)  
Long-term debt and financing lease obligations   (420,760)  
Long-term operating lease liabilities   (1,876,709)  
Deferred income tax liabilities   (152,931)  
Other long-term liabilities   (63,325)  
Total preliminary purchase price   $ 2,512,662  
v3.26.1
Acquisition of Foot Locker - Pro Forma Revenue (Details) - Foot Locker, Inc. - USD ($)
$ / shares in Units, $ in Thousands
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Business Combination [Line Items]    
Net sales $ 21,786,502 $ 21,431,183
Net income $ 755,469 $ 1,142,955
Basic earnings per common share (in dollars per share) $ 8.51 $ 12.69
Diluted earnings per common share (in dollars per share) $ 8.30 $ 12.34
v3.26.1
Earnings Per Common Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Earnings Per Share [Abstract]      
Net income $ 849,239 $ 1,165,308 $ 1,046,519
Interest expense associated with Convertible Senior Notes, net of tax 0 0 337
Net income for earnings per common share – diluted $ 849,239 $ 1,165,308 $ 1,046,856
Weighted average common shares outstanding - basic (in shares) 83,135 80,468 82,302
Dilutive effect of stock-based awards (in shares) 2,009 2,461 2,977
Dilutive effect of warrants (in shares) 0 0 254
Dilutive effect of Convertible Senior Notes (in shares) 0 0 392
Weighted average common shares outstanding – diluted 85,144 82,929 85,925
Earnings per common share (in dollars per share) - basic $ 10.22 $ 14.48 $ 12.72
Earnings per common share (in dollars per share) - diluted $ 9.97 $ 14.05 $ 12.18
Share-based Payment Arrangement      
Stock-based awards excluded from diluted shares      
Stock-based awards excluded from diluted shares (in shares) 63 18 186
v3.26.1
Earnings Per Common Share - Narrative (Details) - shares
shares in Thousands
 12 Months Ended
Sep. 08, 2025
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Business Combination [Line Items]        
Basic (in shares)   83,135 80,468 82,302
Foot Locker, Inc.        
Business Combination [Line Items]        
Basic (in shares)   3,900    
Number of shares issued in business combination (in shares) 9,600      
v3.26.1
Property and Equipment (Details) - USD ($)
$ in Thousands
Jan. 31, 2026
Feb. 01, 2025
Property and Equipment    
Total property and equipment $ 7,160,129 $ 5,367,789
Less: accumulated depreciation and amortization (3,647,353) (3,297,875)
Net property and equipment 3,512,776 2,069,914
Land, buildings and Improvements    
Property and Equipment    
Total property and equipment 950,097 643,526
Leasehold improvements    
Property and Equipment    
Total property and equipment 3,328,234 2,583,589
Furniture, fixtures and equipment    
Property and Equipment    
Total property and equipment 1,911,866 1,394,010
Computer software    
Property and Equipment    
Total property and equipment $ 969,932 $ 746,664
v3.26.1
Property and Equipment - Narrative (Details) - USD ($)
$ in Millions
Jan. 31, 2026
Feb. 01, 2025
Property and Equipment    
Construction in progress $ 566.1 $ 271.6
Foot Locker    
Property and Equipment    
Finance Lease, Right-of-Use Asset $ 38.3  
v3.26.1
Goodwill and Other Intangible Assets - Goodwill (Details) - USD ($)
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Goodwill [Roll Forward]      
Goodwill, balance at beginning of year $ 245,857,000    
Acquisition of Foot Locker 618,840,000    
Currency translation (650,000)    
Goodwill, Ending Balance 864,047,000 $ 245,857,000  
Accumulated impairment 115,900,000 115,900,000  
Goodwill impairment charges 0 0 $ 4,600,000
Goodwill, Impairment Loss, Statement of Income or Comprehensive Income [Extensible Enumeration]     Selling, general and administrative expenses
DICK'S      
Goodwill [Roll Forward]      
Goodwill, balance at beginning of year 245,857,000    
Acquisition of Foot Locker 0    
Currency translation 0    
Goodwill, Ending Balance 245,857,000 245,857,000  
Foot Locker      
Goodwill [Roll Forward]      
Goodwill, balance at beginning of year 0    
Acquisition of Foot Locker 618,840,000    
Currency translation (650,000)    
Goodwill, Ending Balance $ 618,190,000 $ 0  
v3.26.1
Goodwill and Other Intangible Assets - Intangible Assets (Details) - USD ($)
$ in Thousands
 12 Months Ended
Feb. 01, 2025
Feb. 03, 2024
Jan. 31, 2026
Sep. 08, 2025
Components of intangible assets        
Indefinite-lived intangible assets $ 58,598   $ 768,575  
Accumulated amortization (18,195)   (18,195)  
Total intangible assets 76,793   786,770  
Impairment of a trademark   $ 2,200    
Amortization expense of finite-lived intangible assets 200 $ 1,500    
Foot Locker        
Components of intangible assets        
Indefinite-lived intangible assets       $ 710,000
Trademarks        
Components of intangible assets        
Indefinite-lived intangible assets 35,165   35,165  
Trade names        
Components of intangible assets        
Indefinite-lived intangible assets 15,660   725,637  
Customer lists        
Components of intangible assets        
Gross amount - Finite-lived intangible assets 18,195   18,195  
Accumulated amortization (18,195)   (18,195)  
Other indefinite-lived intangible assets        
Components of intangible assets        
Indefinite-lived intangible assets $ 7,773   $ 7,773  
v3.26.1
Accrued Expenses (Details) - USD ($)
$ in Thousands
Jan. 31, 2026
Feb. 01, 2025
Accrued Liabilities, Current [Abstract]    
Payroll, withholdings and benefits $ 397,698 $ 256,881
Real estate taxes, utilities and other occupancy costs 149,221 93,208
Property and equipment 212,561 111,552
Advertising 63,144 41,890
Sales tax 54,816 38,278
Other 237,866 111,515
Total accrued expenses $ 1,115,306 $ 653,324
v3.26.1
Deferred Revenue and Other Liabilities (Details) - USD ($)
$ in Thousands
Jan. 31, 2026
Feb. 01, 2025
Current:    
Other $ 112,799 $ 82,696
Deferred revenue and other liabilities 528,820 395,041
Long-term:    
Deferred compensation 178,006 153,707
Other 104,161 42,137
Total other long-term liabilities 282,167 195,844
Deferred gift card revenue    
Current:    
Customer loyalty program 305,548 260,248
Customer loyalty program    
Current:    
Customer loyalty program $ 110,473 $ 52,097
v3.26.1
Operating Leases (Details)
Jan. 31, 2026
DistributionCenter
Operating Leases  
Number of distribution centers leased 9
Additional renewal period 5 years
DICK'S  
Operating Leases  
Number of distribution centers leased 3
Foot Locker  
Operating Leases  
Number of distribution centers leased 6
Minimum | DICK'S  
Operating Leases  
Initial tenure of operating leases 10 years
Minimum | Foot Locker  
Operating Leases  
Initial tenure of operating leases 5 years
Maximum | DICK'S  
Operating Leases  
Initial tenure of operating leases 15 years
Maximum | Foot Locker  
Operating Leases  
Initial tenure of operating leases 10 years
v3.26.1
Operating Leases - Components of lease cost (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Lease, Cost [Abstract]      
Operating lease cost $ 886,966 $ 636,744 $ 612,595
Short-term lease cost 53,931 26,186 31,234
Variable lease cost 234,805 131,832 125,043
Sublease income (10,348) (11,842) (11,730)
Total lease cost $ 1,165,354 $ 782,920 $ 757,142
v3.26.1
Operating Leases - Other information related to operating leases (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Leases, Operating [Abstract]      
Cash paid for amounts included in the measurement of operating lease liabilities $ 967,611 $ 708,988 $ 733,455
Non-cash operating lease assets and liabilities obtained in exchange for new or modified leases $ 1,247,318 $ 767,645 $ 697,499
Weighted average remaining lease term for operating leases 7 years 8 months 15 days 7 years 4 months 13 days  
Weighted average discount rate for operating leases 5.21% 5.51%  
v3.26.1
Operating Leases - Future maturities of operating lease liabilities (Details)
$ in Thousands
Jan. 31, 2026
USD ($)
Future maturities of operating lease liabilities  
2026 $ 1,256,381
2027 1,173,619
2028 963,462
2029 787,586
2030 643,099
Thereafter 2,347,506
Total future undiscounted lease payments 7,171,653
Less: imputed interest (1,330,309)
Total reported lease liability 5,841,344
Future lease payments for operating leases that have not yet commenced 756,000
Total future minimum rentals under non-cancellable subleases $ 35,000
v3.26.1
Revolving Credit Facility (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jun. 06, 2025
Jan. 31, 2026
Feb. 01, 2025
Jan. 14, 2022
Revolving Credit Facility        
Revolving credit borrowings   $ 0 $ 0  
Commercial Paper Program        
Revolving Credit Facility        
Letters of credit maximum   $ 500,000    
Debt Instrument, Term   397 days    
Proceeds from Issuance of Commercial Paper   $ 0    
Commercial Paper   $ 0    
Revolving Credit Facility        
Revolving Credit Facility        
Credit Facility borrowing capacity $ 2,000,000     $ 1,600,000
Credit Facility borrowing capacity extension $ 700,000      
Unused commitment fee (as a percent)   0.11%    
Revolving credit borrowings   $ 0 $ 0  
Remaining borrowing capacity   1,970,000    
Revolving Credit Facility | Alternate base rate        
Revolving Credit Facility        
Interest rate margin (as a percent) 0.125%      
Revolving Credit Facility | Adjusted SOFR rate        
Revolving Credit Facility        
Interest rate margin (as a percent) 1.125%      
Letters of credit        
Revolving Credit Facility        
Letters of credit maximum $ 75,000      
Letters of credit outstanding   $ 26,700    
v3.26.1
Long-Term Debt and Financing Lease Obligations - Narrative (Details)
shares in Millions
 12 Months Ended
Apr. 18, 2023
USD ($)
shares
Jan. 31, 2026
USD ($)
DistributionCenter
Feb. 01, 2025
USD ($)
Feb. 03, 2024
USD ($)
Jan. 29, 2022
USD ($)
Sep. 11, 2025
USD ($)
Sep. 08, 2025
USD ($)
Jan. 14, 2022
USD ($)
Apr. 17, 2020
USD ($)
Debt Instrument [Line Items]                  
Retirement of convertible senior notes due 2025 and termination of convertible bond hedge and warrants       $ 58,472,000          
Number of distribution centers leased | DistributionCenter   9              
Additional Paid-In Capital                  
Debt Instrument [Line Items]                  
Retirement of convertible senior notes due 2025 and termination of convertible bond hedge and warrants       58,455,000          
Foot Locker, Inc.                  
Debt Instrument [Line Items]                  
Debt Instrument, Aggregate Notes Not Exchanged           $ 18,100,000      
Senior Notes                  
Debt Instrument [Line Items]                  
Proceeds from senior notes, net of debt discount         $ 1,500,000,000        
Debt issuance costs         $ 15,300,000        
Interest expense related to Senior Notes   $ 63,200,000 $ 55,300,000 $ 55,300,000          
Change in control triggering event, redemption price percent   101.00%              
Principal   $ 1,900,000,000 1,500,000,000            
Redemption price, percentage   100.00%              
2032 Senior Notes | Senior Notes                  
Debt Instrument [Line Items]                  
Interest rate, stated percentage               3.15%  
Principal   $ 750,000,000 750,000,000         $ 750,000,000.0  
Interest rate, effective percentage   3.28%              
2052 Senior Notes | Senior Notes                  
Debt Instrument [Line Items]                  
Interest rate, stated percentage               4.10%  
Principal   $ 750,000,000 750,000,000         $ 750,000,000.0  
Interest rate, effective percentage   4.18%              
DICK'S Notes | Foot Locker, Inc.                  
Debt Instrument [Line Items]                  
Interest rate, stated percentage           4.00%      
Principal           $ 400,000,000.0      
Debt Instrument, Exchange Offer           $ 381,900,000      
Debt Instrument, Exchange Offer Principal Tendered, Percent           0.9548      
Foot Locker Notes | Foot Locker, Inc.                  
Debt Instrument [Line Items]                  
Interest rate, stated percentage           4.00%      
Debt Instrument, Aggregate Notes Not Exchanged           $ 18,100,000      
2029 Notes                  
Debt Instrument [Line Items]                  
Debt Instrument, Fair Value Disclosure             $ 384,000,000.0    
Convertible Senior Notes, Due 2025                  
Debt Instrument [Line Items]                  
Interest rate, stated percentage                 3.25%
Principal                 $ 575,000,000.0
Remaining principal amount of Convertible Senior Notes that was fully retired $ 59,100,000                
Net Shares for the Convertible Senior Note Retirement (in shares) | shares 1.7                
Convertible Senior Notes, Due 2025 | Additional Paid-In Capital                  
Debt Instrument [Line Items]                  
Retirement of convertible senior notes due 2025 and termination of convertible bond hedge and warrants $ 58,500,000                
2029 Notes | Senior Notes                  
Debt Instrument [Line Items]                  
Principal   $ 400,000,000 $ 0            
Interest rate, effective percentage   5.16%              
v3.26.1
Long-Term Debt and Financing Lease Obligations - Summary of carrying values of the Senior Notes (Details) - USD ($)
$ in Thousands
Jan. 31, 2026
Feb. 01, 2025
Jan. 14, 2022
Debt Instrument [Line Items]      
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration] Total long-term debt and financing lease obligations    
Financing lease obligations $ 39,242 $ 0  
Total debt and financing lease obligations 1,939,242 1,500,000  
Discounts, issuance costs and current portion of financing lease obligations (33,943) (15,783)  
Total long-term debt and financing lease obligations 1,905,299 1,484,217  
Senior Notes      
Debt Instrument [Line Items]      
Principal 1,900,000 1,500,000  
Senior Notes | 2029 Notes      
Debt Instrument [Line Items]      
Principal 400,000 0  
Senior Notes | 2032 Senior Notes      
Debt Instrument [Line Items]      
Principal 750,000 750,000 $ 750,000
Senior Notes | 2052 Senior Notes      
Debt Instrument [Line Items]      
Principal $ 750,000 $ 750,000 $ 750,000
v3.26.1
Financial Instruments - Narrative (Details) - 12 months ended Jan. 31, 2026
$ in Millions, ¥ in Billions
USD ($)
JPY (¥)
USD ($)
Derivative [Line Items]      
Derivative, Notional Amount   ¥ 11.0 $ 85.0
AOCI, Derivative Qualifying as Hedge, Excluded Component, after Tax     2.3
Gain (Loss) on Derivative Instruments, Net, Pretax $ 1.3    
Cross-currency swap contract | Other Noncurrent Assets | Designated as Hedging Instrument      
Derivative [Line Items]      
Derivative Asset, Subject to Master Netting Arrangement, before Offset of Collateral     $ 18.4
Cross Currency Interest Rate Contract      
Derivative [Line Items]      
Derivative, Notional Amount | ¥   ¥ 11.0  
Cross Currency Interest Rate Contract | Japan, Yen      
Derivative [Line Items]      
Derivative, Fixed Interest Rate   3.51% 3.51%
Cross Currency Interest Rate Contract | United States of America, Dollars      
Derivative [Line Items]      
Derivative, Fixed Interest Rate   6.77% 6.77%
v3.26.1
Fair Value Measurements - Narrative (Details)
$ in Millions
 12 Months Ended
Jan. 31, 2026
USD ($)
Feb. 03, 2024
USD ($)
Store
Sep. 08, 2025
USD ($)
Feb. 01, 2025
USD ($)
Fair Value Measurements        
Payments to acquire investments $ 119.5      
Payments to acquire Foot Locker, Inc. equity securities 69.5      
Payments to acquire equity method investments 50.0      
Fair market value of Foot Locker, Inc. equity securities     $ 111.6  
Non-cash gain on Foot Locker, Inc. equity 42.2      
Business Optimization Plan        
Fair Value Measurements        
Number of MooseJaw Stores Exited Q4 2023 | Store   10    
Restructuring Charges   $ 84.8    
Business Optimization Plan | Non-cash impairments of store and intangible assets        
Fair Value Measurements        
Restructuring Charges   46.1    
Business Optimization Plan | Other Restructuring        
Fair Value Measurements        
Restructuring Charges   12.0    
Business Optimization Plan | Employee Severance        
Fair Value Measurements        
Restructuring Charges   26.7    
Business Optimization Plan | Non-cash impairments of store assets        
Fair Value Measurements        
Restructuring Charges   35.5    
Selling, general and administrative expenses | Business Optimization Plan        
Fair Value Measurements        
Restructuring Charges   $ 72.8    
Restructuring Charges, Statement of Income   Selling, general and administrative expenses    
Cost of goods sold | Business Optimization Plan        
Fair Value Measurements        
Restructuring Charges   $ 12.0    
Restructuring Charges, Statement of Income   Cost of goods sold, including occupancy and distribution costs    
Level 1        
Fair Value Measurements        
Deferred compensation plan assets held in trust $ 178.0     $ 153.7
v3.26.1
Fair Value Measurements - Schedule of Carrying and Estimated Fair Value (Details) - Fair Value, Recurring - USD ($)
$ in Thousands
Jan. 31, 2026
Feb. 01, 2025
Fair Value Measurements    
Assets, Fair Value Disclosure $ 202,726 $ 153,707
Liabilities, Fair Value Disclosure 184,475 153,707
Level 1 | Deferred compensation liabilities    
Fair Value Measurements    
Liabilities, Fair Value Disclosure 178,006 153,707
Level 2 | Foreign exchange forward contracts    
Fair Value Measurements    
Liabilities, Fair Value Disclosure 6,469 0
Deferred compensation plan assets in trust | Level 1    
Fair Value Measurements    
Assets, Fair Value Disclosure 178,006 153,707
Available-for-sale securities | Level 2    
Fair Value Measurements    
Assets, Fair Value Disclosure 5,544 0
Foreign exchange forward contracts | Level 2    
Fair Value Measurements    
Assets, Fair Value Disclosure 727 0
Cross-currency swap contract | Level 2    
Fair Value Measurements    
Assets, Fair Value Disclosure $ 18,449 $ 0
v3.26.1
Fair Value Measurements - Schedule of Fair Value of Senior Notes (Details) - USD ($)
$ in Thousands
Jan. 31, 2026
Feb. 01, 2025
Carrying Value    
Long-term debt and financing lease obligations $ 1,905,299 $ 1,484,217
Fair Value, Recurring | 2029 Notes    
Carrying Value    
Long-term debt and financing lease obligations 384,500 0
Fair Value, Recurring | 2029 Notes | Level 2    
Fair Value    
Senior Notes 394,132 0
Fair Value, Recurring | 2032 Notes    
Carrying Value    
Long-term debt and financing lease obligations 744,722 743,933
Fair Value, Recurring | 2032 Notes | Level 2    
Fair Value    
Senior Notes 690,683 657,608
Fair Value, Recurring | 2052 Notes    
Carrying Value    
Long-term debt and financing lease obligations 740,484 740,284
Fair Value, Recurring | 2052 Notes | Level 2    
Fair Value    
Senior Notes $ 548,258 $ 546,165
v3.26.1
Income Taxes - Components of the Provision for Income Taxes (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Current:      
Federal $ 124,523 $ 292,197 $ 212,369
State 62,067 76,366 55,920
International 6,328 0 0
Total current provision 192,918 368,563 268,289
Deferred:      
Federal 94,068 (13,255) 4,301
State 4,265 (1,583) (958)
International 1,483 0 0
Deferred income taxes 99,816 (14,838) 3,343
Effective income tax rate $ 292,734 $ 353,725 $ 271,632
v3.26.1
Income Taxes - Reconciliation of Federal Statutory Income Tax Expense (Current Year) (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Amount [Abstract]      
U.S. federal statutory tax rate $ 239,814    
Domestic state and local income taxes, net of federal income tax effect (1) 47,689    
Foreign tax effects 10,959    
Effect of changes in tax laws or rates enacted in the current period 0    
Effect of cross-border tax laws 3,957    
Tax credits (17,290)    
Changes in valuation allowances (2,565)    
Transaction costs 13,674    
Other (2) (7,905)    
Changes in unrecognized tax benefits 4,389    
Other adjustments 12    
Effective income tax rate $ 292,734 $ 353,725 $ 271,632
Percent [Abstract]      
U.S. federal statutory tax rate 21.00% 21.00% 21.00%
Domestic state and local income taxes, net of federal income tax effect (1) 4.17% 4.20% 4.20%
Foreign tax effects 0.96%    
Effect of changes in tax laws or rates enacted in the current period 0.00%    
Effect of cross-border tax laws 0.35%    
Tax credits (1.51%)    
Changes in valuation allowances (0.22%)    
Transaction costs 1.20%    
Other (2) (0.70%)    
Changes in unrecognized tax benefits 0.38%    
Other adjustments 0.00% (0.10%) 0.10%
Effective income tax rate 25.63% 23.30% 20.60%
Tax Jurisdiction of Domicile [Extensible Enumeration] United States    
Income Tax Reconciliation Nondeductible Expense Component of Other Adjustments - Share Based Compensation Cost $ 9,100    
v3.26.1
Income Taxes - Schedule of Income Before Income Taxes (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Income Tax Disclosure [Abstract]      
Income (Loss) from Continuing Operations before Income Taxes, Domestic $ 1,145,517    
Income (Loss) from Continuing Operations before Income Taxes, Foreign (3,544)    
INCOME BEFORE INCOME TAXES $ 1,141,973 $ 1,519,033 $ 1,318,151
v3.26.1
Income Taxes - Reconciliation of Effective Income Tax Rate (Details)
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Effective Income Tax Rate Reconciliation, Percent [Abstract]      
U.S. federal statutory tax rate 21.00% 21.00% 21.00%
Domestic state and local income taxes, net of federal income tax effect (1) 4.17% 4.20% 4.20%
Excess tax benefit related to stock-based compensation   (1.80%) (4.90%)
Eliminated bond hedge deduction following Convertible Senior Notes exchanges   0.00% 0.20%
Other adjustments 0.00% (0.10%) 0.10%
Effective income tax rate 25.63% 23.30% 20.60%
v3.26.1
Income Taxes - Components of Deferred Tax Assets / Liabilities (Details) - USD ($)
$ in Thousands
Jan. 31, 2026
Feb. 01, 2025
Deferred tax assets    
Operating lease liabilities $ 1,521,547 $ 782,953
Inventory 62,267 57,793
Employee benefits and withholdings 75,456 49,653
Stock-based compensation 22,780 18,395
Gift cards 27,240 24,946
Other accrued expenses not currently deductible for tax purposes 69,753 16,338
Net operating loss carryforward 237,242 0
Capital loss, credits and other carryforwards 72,882 0
Other 33,789 13,973
Total deferred tax assets 2,122,956 964,051
Valuation allowance (315,687) 0
Total deferred tax assets 1,807,269 964,051
Deferred tax liabilities    
Operating lease assets (1,191,771) (605,401)
Property and equipment (407,708) (274,823)
Inventory valuation (132,249) (27,849)
Intangibles (189,325) 0
Other (7,635) (3,294)
Total deferred tax liabilities (1,928,688) (911,367)
Net deferred tax (liability) asset (121,419)  
Net deferred tax (liability) asset 52,700 $ 52,684
Deferred Tax Assets, Operating Loss Carryforwards, State and Local $ 6,500  
v3.26.1
Income Taxes - Reconciliation of Unrecognized Tax Benefits, Excluding Interest and Penalties (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Reconciliation of the Company's total unrecognized tax benefits balances, excluding interest and penalties      
Beginning of fiscal year $ 6,250 $ 2,851 $ 1,058
Increase as a result of Foot Locker acquisition (1) 29,863 0 0
Increases as a result of tax positions taken in a prior period 1,961 3,201 1,463
Decreases as a result of tax positions taken in a prior period (54) (1,058) 0
Increases as a result of tax positions taken in the current period 5,424 1,364 0
Increases as a result of settlements during the current period 0 0 364
Decreases as a result of settlements during the current period (1,632) (108) (34)
Reductions as a result of a lapse of statute of limitations during the current period (1,578) 0 0
End of fiscal year 40,234 $ 6,250 $ 2,851
U.S. federal statutory tax rate $ 239,814    
U.S. federal statutory tax rate 21.00% 21.00% 21.00%
Domestic state and local income taxes, net of federal income tax effect (1) 4.17% 4.20% 4.20%
Domestic state and local income taxes, net of federal income tax effect (1) $ 47,689    
Foreign tax effects 0.96%    
Foreign tax effects $ 10,959    
Effect of changes in tax laws or rates enacted in the current period 0.00%    
Effect of changes in tax laws or rates enacted in the current period $ 0    
Effect of cross-border tax laws 0.35%    
Effect of cross-border tax laws $ 3,957    
Effective Income Tax Rate Reconciliation, Tax Credit, Percent 1.51%    
Effective Income Tax Rate Reconciliation, Tax Credit, Amount $ 17,290    
Changes in valuation allowances (0.22%)    
Changes in valuation allowances $ (2,565)    
Transaction costs 1.20%    
Transaction costs $ 13,674    
Other (2) (0.70%)    
Other (2) $ (7,905)    
Changes in unrecognized tax benefits 0.38%    
Changes in unrecognized tax benefits $ 4,389    
Other adjustments 0.00% (0.10%) 0.10%
Other adjustments $ 12    
Effective income tax rate (as a percent) 25.63% 23.30% 20.60%
Provision for income taxes $ 292,734 $ 353,725 $ 271,632
Income (Loss) from Continuing Operations before Income Taxes, Domestic 1,145,517    
Income (Loss) from Continuing Operations before Income Taxes, Foreign (3,544)    
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 1,141,973 $ 1,519,033 $ 1,318,151
Unrecognized Tax Benefits, Increase Resulting from Foreign Currency Translation $ 1,000    
v3.26.1
Income Taxes - Narrative (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Income Tax Paid, by Individual Jurisdiction [Line Items]      
Deferred Tax Liabilities, Net $ 121,419    
Deferred income taxes 82,501 $ 52,684  
Deferred income taxes 203,920 0  
Net deferred tax asset 52,700 52,684  
Deferred Tax Assets, Valuation Allowance 315,687 0  
Unrecognized tax benefits that would impact effective tax rate if recognized 37,400    
Accrued interest and penalties associated with uncertain tax positions 4,500    
Total liability for uncertain tax positions, including related interest and penalties 35,600    
Accrual of interest and penalties related to uncertain tax positions 600 400 $ 700
Capital loss carryforwards 72,882 $ 0  
Foreign tax credit carryforwards 6,900    
Income Tax Paid, Federal, after Refund Received 175,300    
Income Tax Paid, State and Local, after Refund Received 65,200    
Income Tax Paid, Foreign, after Refund Received 8,400    
Deferred Tax Assets, Operating Loss Carryforwards, State and Local 6,500    
Foreign      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
Foreign tax credit carryforwards 2,600    
Foreign      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
International operating loss carryforward 257,800    
Carryforwards, subject to expiration 6,600    
Operating Loss Carryforwards 1,137,900    
Foreign | Subject to expiration      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
Operating Loss Carryforwards 30,800    
United States      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
Capital loss carryforwards $ 34,700    
Capital loss carryback period (in years) 3 years    
Capital loss carry forward period (in years) 5 years    
United States | Capital Loss Carryforward      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
Tax Credit Carryforward, Amount $ 135,200    
Canada      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
Capital loss carryforwards 500    
Canada | Capital Loss Carryforward      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
Tax Credit Carryforward, Amount 1,900    
State and Local Jurisdiction      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
Operating Loss Carryforwards 117,100    
Foot Locker      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
Deferred Tax Assets, Valuation Allowance 315,700    
Foot Locker | Legal Entity Losses      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
Deferred Tax Assets, Valuation Allowance 2,700    
Foot Locker | U.S. and Canada      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
Deferred Tax Assets, Valuation Allowance 26,500    
Foot Locker | International      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
Deferred Tax Assets, Valuation Allowance 279,700    
Foot Locker | Foreign | Excess Foreign Tax Rate      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
Deferred Tax Assets, Valuation Allowance $ 6,800    
v3.26.1
Stock-Based Compensation - Narrative (Details) - USD ($)
$ / shares in Units, $ in Millions
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Stock-based compensation expense      
Number of shares available for future issuance under the plan 6,267,714    
Restricted stock      
Unrecognized compensation expense      
Unrecognized stock-based compensation expense related to nonvested awards, net of estimated forfeitures $ 87.7    
Weighted average period over which unrecognized compensation expense is expected to be recognized 1 year 3 months 10 days    
Granted (in dollars per share) $ 210.87 $ 209.61 $ 126.11
Foot Locker replacement equity awards issued 452,896    
Performance-based Restricted Stock      
Unrecognized compensation expense      
Unrecognized stock-based compensation expense related to nonvested awards, net of estimated forfeitures $ 43.3    
Weighted average period over which unrecognized compensation expense is expected to be recognized 1 year 6 months 21 days    
Granted (in dollars per share) $ 187.05 $ 203.88 $ 146.90
Stock options      
Stock-based compensation expense      
Vesting rights (as a percent) 25.00%    
Vesting period 4 years    
Expiration terms of options 7 years    
Additional disclosures      
Total intrinsic value of stock options exercised $ 17.3 $ 140.7 $ 69.2
Income tax benefit from the exercise of stock options 1.3 16.7 13.7
Total fair value of stock options vested $ 0.0 $ 1.8 $ 3.3
v3.26.1
Stock-Based Compensation - Stock-based compensation recognized (Details) - USD ($)
$ in Thousands
 12 Months Ended
Sep. 08, 2025
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Stock-Based Compensation and Employee Stock Plans        
Total stock-based compensation expense   $ 123,667 $ 71,001 $ 57,285
Total related tax benefit   18,243 12,768 10,616
Restricted stock        
Stock-Based Compensation and Employee Stock Plans        
Stock-based compensation expense   95,061 43,130 36,196
Restricted stock | Foot Locker, Inc.        
Stock-Based Compensation and Employee Stock Plans        
Share-Based Payment Arrangement, Accelerated Expense Of Unvested Equity Awards $ 41,700 41,700    
Performance-based Restricted Stock        
Stock-Based Compensation and Employee Stock Plans        
Stock-based compensation expense   28,605 27,557 19,053
Stock options        
Stock-Based Compensation and Employee Stock Plans        
Stock-based compensation expense   $ 1 $ 314 $ 2,036
v3.26.1
Stock-Based Compensation - Restricted Stock (Details) - USD ($)
$ / shares in Units, $ in Thousands
 12 Months Ended
Sep. 08, 2025
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Unrecognized compensation expense        
Pre-combination fair value of replacement equity awards   $ 29,032    
Foot Locker, Inc.        
Unrecognized compensation expense        
Pre-combination fair value of replacement equity awards $ 29,032      
Restricted Stock        
Restricted stock activity        
Nonvested at the beginning of the period (in shares)   998,356    
Granted (in shares)   345,579    
Released from restrictions (in shares)   (619,017)    
Forfeited (in shares)   (54,623)    
Nonvested at the end of the period (in shares)   1,123,191 998,356  
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Replacement Equity in Period, Weighted Average Grant Date Fair Value   $ 223.83    
Weighted Average Grant Date Fair Value        
Nonvested at beginning of the period (in dollars per share)   139.05    
Granted (in dollars per share)   210.87 $ 209.61 $ 126.11
Released from restrictions (in dollars per share)   156.31    
Forfeited (in dollars per share)   160.31    
Nonvested at the end of the period (in dollars per share)   $ 184.79 $ 139.05  
Intrinsic value of nonvested restricted stock   $ 226,900 $ 239,700  
Unrecognized compensation expense        
Unrecognized stock-based compensation expense related to nonvested awards, net of estimated forfeitures   $ 87,700    
Weighted average period over which unrecognized compensation expense is expected to be recognized   1 year 3 months 10 days    
Grant date fair value of awards vested in the period   $ 96,800 $ 37,100 $ 39,700
Foot Locker replacement equity awards issued   452,896    
Restricted Stock | Foot Locker, Inc.        
Restricted stock activity        
Released from restrictions (in shares)   (300,000)    
Nonvested at the end of the period (in shares)   200,000    
Unrecognized compensation expense        
Foot Locker replacement equity awards issued 500,000      
Pre-combination fair value of replacement equity awards $ 29,000      
Business Combination, Total Fair Value Of Replacement Equity Awards 101,400      
Share-Based Payment Arrangement, Accelerated Expense Of Unvested Equity Awards 41,700 $ 41,700    
Share-Based Payment Arrangement, Post-Combination Expense Of Unvested Equity Awards Expense $ 30,700      
v3.26.1
Stock-Based Compensation - Performance-based Restricted Stock (Details) - USD ($)
$ / shares in Units, $ in Millions
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Performance-based Restricted Stock      
Stock-Based Compensation and Employee Stock Plans      
Minimum payout percentage of original award amount 0.00%    
Maximum payout percentage of original award amount 200.00%    
Target payout percentage of original award amount 100.00%    
Performance-based restricted stock activity      
Nonvested at the beginning of the period (in shares) 405,755    
Granted (in shares) 374,150    
Released from restrictions (in shares) (244,657)    
Forfeited (in shares) (11,214)    
Nonvested at the end of the period (in shares) 524,034 405,755  
Weighted Average Grant Date Fair Value      
Nonvested at beginning of the period (in dollars per share) $ 147.82    
Granted (in dollars per share) 187.05 $ 203.88 $ 146.90
Released from restrictions (in dollars per share) 129.42    
Forfeited (in dollars per share) 174.41    
Nonvested at the end of the period (in dollars per share) $ 183.85 $ 147.82  
Intrinsic value of nonvested restricted stock $ 105.9 $ 97.4  
Unrecognized compensation expense      
Unrecognized stock-based compensation expense related to nonvested awards, net of estimated forfeitures $ 43.3    
Weighted average period over which unrecognized compensation expense is expected to be recognized 1 year 6 months 21 days    
Grant date fair value of awards vested in the period $ 31.7 $ 16.5 $ 0.1
Performance-based Restricted Stock | 2024 Performance Shares, Incremental Awards Issued      
Performance-based restricted stock activity      
Granted (in shares) 40,562    
Weighted Average Grant Date Fair Value      
Granted (in dollars per share) $ 211.19    
Unrecognized compensation expense      
Actual attainment achieved on certain performance criteria, as a percent 157.00%    
Performance-based Restricted Stock | 2023 LTIP Performance Shares, Incremental Awards Issued      
Performance-based restricted stock activity      
Granted (in shares) 22,244    
Weighted Average Grant Date Fair Value      
Granted (in dollars per share) $ 148.70    
Unrecognized compensation expense      
Actual attainment achieved on certain performance criteria, as a percent 118.00%    
Restricted stock      
Performance-based restricted stock activity      
Nonvested at the beginning of the period (in shares) 998,356    
Granted (in shares) 345,579    
Released from restrictions (in shares) (619,017)    
Forfeited (in shares) (54,623)    
Nonvested at the end of the period (in shares) 1,123,191 998,356  
Weighted Average Grant Date Fair Value      
Nonvested at beginning of the period (in dollars per share) $ 139.05    
Granted (in dollars per share) 210.87 $ 209.61 $ 126.11
Released from restrictions (in dollars per share) 156.31    
Forfeited (in dollars per share) 160.31    
Nonvested at the end of the period (in dollars per share) $ 184.79 $ 139.05  
Intrinsic value of nonvested restricted stock $ 226.9 $ 239.7  
Unrecognized compensation expense      
Unrecognized stock-based compensation expense related to nonvested awards, net of estimated forfeitures $ 87.7    
Weighted average period over which unrecognized compensation expense is expected to be recognized 1 year 3 months 10 days    
Grant date fair value of awards vested in the period $ 96.8 $ 37.1 $ 39.7
Foot Locker replacement equity awards issued 452,896    
v3.26.1
Stock-Based Compensation - Stock Options (Details) - Stock options - USD ($)
$ / shares in Units, $ in Thousands
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Stock-Based Compensation and Employee Stock Plans    
Vesting rights (as a percent) 25.00%  
Vesting period 4 years  
Expiration terms of options 7 years  
Shares Subject to Options    
Outstanding at the beginning of the period (in shares) 1,343,213  
Exercised (in shares) (90,535)  
Outstanding at the end of the period (in shares) 1,252,678 1,343,213
Exercisable at the end of the period (in shares) 1,252,678  
Vested and expected to vest at the end of the period (in shares) 1,252,678  
Weighted Average Exercise Price per Share    
Outstanding at the beginning of the period (in dollars per share) $ 15.25  
Exercised (in dollars per share) 16.72  
Outstanding at the end of the period (in dollars per share) 15.14 $ 15.25
Exercisable at the end of the period (in dollars per share) 15.14  
Vested and expected to vest at the end of the period (in dollars per share) $ 15.14  
Weighted Average Remaining Contractual Life (in years)    
Weighted Average Remaining Contractual Life 11 months 23 days 1 year 11 months 23 days
Exercisable at the end of the period 11 months 23 days  
Vested and expected to vest at the end of the period 11 months 23 days  
Aggregate Intrinsic Value    
Outstanding at the beginning of the period (in dollars) $ 302,000  
Outstanding at the end of the period (in dollars) 234,100 $ 302,000
Exercisable at the end of the period (in dollars) 234,100  
Vested and expected to vest at the end of the period (in dollars) $ 234,100  
v3.26.1
Stock-Based Compensation - Intrinsic value of stock options (Details) - Stock options - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Stock-Based Compensation and Employee Stock Plans      
Total intrinsic value of stock options exercised $ 17.3 $ 140.7 $ 69.2
Income tax benefit from the exercise of stock options 1.3 16.7 13.7
Total fair value of stock options vested $ 0.0 $ 1.8 $ 3.3
v3.26.1
Retirement Plans and Other Benefits - Obligation and Funded Status (Details)
$ in Thousands
 5 Months Ended
Jan. 31, 2026
USD ($)
Change in plan assets:  
Fair value of plan assets as of January 31, 2026 $ 408,384
Other Postretirement Benefits Plan  
Change in benefit obligation:  
Benefit obligation as of September 8, 2025 408,362
Service cost 38
Interest cost 7,884
Actuarial gains (5,075)
Foreign currency translation adjustments 710
Benefits paid (9,955)
Benefit obligation as of January 31, 2026 401,964
Change in plan assets:  
Fair value of plan assets as of September 8, 2025 400,218
Actual return on plan assets 15,783
Employer contributions 1,564
Foreign currency translation adjustments 774
Benefits paid (9,955)
Fair value of plan assets as of January 31, 2026 408,384
Funded status 6,420
Amounts recognized on Consolidated Balance Sheet  
Other assets 13,778
Accrued expenses (1,919)
Other long-term liabilities (5,439)
Net amount recognized $ 6,420
v3.26.1
Retirement Plans and Other Benefits - Schedule of Defined Benefit Plan Assumptions (Details) - Other Postretirement Benefits Plan
 5 Months Ended
Jan. 31, 2026
Defined Benefit Plan Disclosure [Line Items]  
Discount rate 5.20%
Rate of compensation increase (1) 3.00%
Expected long-term rate of return on assets 5.80%
v3.26.1
Retirement Plans and Other Benefits - Narrative (Details)
$ in Thousands
 5 Months Ended 12 Months Ended
Jan. 31, 2026
USD ($)
Jan. 31, 2026
USD ($)
number_of_plans
Feb. 01, 2025
USD ($)
Feb. 03, 2024
USD ($)
Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]          
Total expense recorded under the plan, net of forfeitures   $ 41,200 $ 36,700 $ 34,800  
Liability for compensation deferred under the Company's plans $ 178,006 $ 178,006 153,707    
Number of non-qualified pension plans | number_of_plans   2      
Foot Locker          
Defined Benefit Plan Disclosure [Line Items]          
Total employer contributions recorded under the plans, net of forfeitures 4,800        
DICK'S          
Defined Benefit Plan Disclosure [Line Items]          
Total employer contributions recorded under the plans, net of forfeitures   $ 2,100 $ 1,700 $ 1,400  
Other Postretirement Benefits Plan          
Defined Benefit Plan Disclosure [Line Items]          
Employer contributions 1,564        
Nonqualified Plan          
Defined Benefit Plan Disclosure [Line Items]          
Employer contributions 1,100        
Nonqualified Plan | Other Postretirement Benefits Plan          
Defined Benefit Plan Disclosure [Line Items]          
Benefit obligation in excess of plan assets $ 7,400 $ 7,400      
Discount rate 5.20% 5.20%      
Qualified Plan          
Defined Benefit Plan Disclosure [Line Items]          
Employer contributions $ 500        
Qualified Plan | Equity securities | United States          
Defined Benefit Plan Disclosure [Line Items]          
Plan asset allocation, percent 47.50% 47.50%      
Qualified Plan | Equity securities | Canada          
Defined Benefit Plan Disclosure [Line Items]          
Plan asset allocation, percent 5.00% 5.00%      
Qualified Plan | Fixed-income securities | United States          
Defined Benefit Plan Disclosure [Line Items]          
Plan asset allocation, percent 50.00% 50.00%      
Qualified Plan | Fixed-income securities | Canada          
Defined Benefit Plan Disclosure [Line Items]          
Plan asset allocation, percent 95.00% 95.00%      
Qualified Plan | Real estate securities | United States          
Defined Benefit Plan Disclosure [Line Items]          
Plan asset allocation, percent 2.50% 2.50%      
Retirement savings 401 (k) Safe Harbor plan, effective January 1, 2022          
Defined Benefit Plan Disclosure [Line Items]          
Minimum employee age required to participate in the plan         18 years
Requisite service period         30 days
Retirement savings 401 (k) Safe Harbor plan, effective January 1, 2022 | Company's initial match on participant contributions          
Defined Benefit Plan Disclosure [Line Items]          
Maximum percent the Company will match of the participant's deferred contributions         100.00%
Percent of participant's compensation for which the Company will make a matching contribution         4.00%
Retirement savings 401 (k) Safe Harbor plan, effective January 1, 2022 | Company's additional match on participant contributions          
Defined Benefit Plan Disclosure [Line Items]          
Maximum percent the Company will match of the participant's deferred contributions         50.00%
Percent of participant's compensation for which the Company will make a matching contribution         2.00%
v3.26.1
Retirement Plans and Other Benefits - Schedule of Expected Future Benefit Payment (Details)
$ in Thousands
Jan. 31, 2026
USD ($)
Defined Benefit Plan, Expected Future Benefit Payment [Abstract]  
2026 $ 46,512
2027 35,733
2028 34,545
2029 32,797
2030 31,164
2031 - 2035 $ 140,695
v3.26.1
Retirement Plans and Other Benefits - Net Periodic Cost (Details) - Other Postretirement Benefits Plan
$ in Thousands
 5 Months Ended
Jan. 31, 2026
USD ($)
Defined Benefit Plan Disclosure [Line Items]  
Service cost $ 38
Interest cost 7,884
Expected return on plan assets (8,673)
Net benefit income $ (751)
v3.26.1
Retirement Plans and Other Benefits - Fair Value of Plan Assets (Details)
$ in Thousands
Jan. 31, 2026
USD ($)
Defined Benefit Plan Disclosure [Line Items]  
Net benefit expense $ 408,384
Level 1  
Defined Benefit Plan Disclosure [Line Items]  
Net benefit expense 55,581
Level 2  
Defined Benefit Plan Disclosure [Line Items]  
Net benefit expense 352,803
Cash equivalents  
Defined Benefit Plan Disclosure [Line Items]  
Net benefit expense 16,954
Cash equivalents | Level 2  
Defined Benefit Plan Disclosure [Line Items]  
Net benefit expense 16,954
Equity securities  
Defined Benefit Plan Disclosure [Line Items]  
Net benefit expense 121,813
Equity securities | Level 2  
Defined Benefit Plan Disclosure [Line Items]  
Net benefit expense 121,813
Fixed-income securities  
Defined Benefit Plan Disclosure [Line Items]  
Net benefit expense 180,552
Fixed-income securities | Level 2  
Defined Benefit Plan Disclosure [Line Items]  
Net benefit expense 180,552
Real estate securities  
Defined Benefit Plan Disclosure [Line Items]  
Net benefit expense 9,259
Real estate securities | Level 2  
Defined Benefit Plan Disclosure [Line Items]  
Net benefit expense 9,259
Mutual funds and ETF  
Defined Benefit Plan Disclosure [Line Items]  
Net benefit expense 55,581
Mutual funds and ETF | Level 1  
Defined Benefit Plan Disclosure [Line Items]  
Net benefit expense 55,581
Fixed-income securities  
Defined Benefit Plan Disclosure [Line Items]  
Net benefit expense 23,985
Fixed-income securities | Level 2  
Defined Benefit Plan Disclosure [Line Items]  
Net benefit expense 23,985
Insurance contract  
Defined Benefit Plan Disclosure [Line Items]  
Net benefit expense 158
Insurance contract | Level 2  
Defined Benefit Plan Disclosure [Line Items]  
Net benefit expense 158
Other  
Defined Benefit Plan Disclosure [Line Items]  
Net benefit expense 82
Other | Level 2  
Defined Benefit Plan Disclosure [Line Items]  
Net benefit expense $ 82
v3.26.1
Stockholders' Equity (Details)
$ / shares in Units, $ in Thousands
 12 Months Ended
Sep. 08, 2025
shares
Mar. 10, 2025
USD ($)
Dec. 16, 2021
USD ($)
Jan. 31, 2026
USD ($)
item
$ / shares
shares
Feb. 01, 2025
USD ($)
item
$ / shares
shares
Feb. 03, 2024
USD ($)
$ / shares
Class of Stock [Line Items]            
Preferred stock, authorized shares | shares       5,000,000 5,000,000  
Dividends per Common Share            
Cash dividends paid to stockholders | $       $ 413,853 $ 361,727 $ 351,201
Preferred stock, par value (in dollars per share) | $ / shares       $ 0.01 $ 0.01  
Authorized aggregate repurchases of common stock | $   $ 3,000,000 $ 2,000,000      
Period over which shares may be purchased under share repurchase program (in years)   5 years 5 years      
Foot Locker, Inc.            
Dividends per Common Share            
Stock-based awards excluded from diluted shares (in shares) | shares 9,600,000          
Common Stock            
Class of Stock [Line Items]            
Common stock, authorized shares | shares       1,000,000,000    
Common stock, par value (in dollars per share) | $ / shares       $ 0.01    
Voting rights per common share | item       1 1  
Dividends per Common Share            
Cash dividends paid (in dollars per share) | $ / shares       $ 4.85 $ 4.40 $ 4.00
Class B Common Stock            
Class of Stock [Line Items]            
Common stock, authorized shares | shares       200,000,000    
Common stock, par value (in dollars per share) | $ / shares       $ 0.01    
Voting rights per common share | item       10 10  
Number of shares of common stock to be received for each share of Class B common stock converted | shares       1 1  
Dividends per Common Share            
Cash dividends paid (in dollars per share) | $ / shares       $ 4.85 $ 4.40 $ 4.00
v3.26.1
Stockholders' Equity - Treasury Stock (Details) - USD ($)
$ in Thousands
 12 Months Ended
Mar. 10, 2025
Dec. 16, 2021
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Treasury Stock [Abstract]          
Shares of common stock repurchased     1,584,000 1,263,000 5,439,000
Cash paid for treasury stock     $ 341,708 $ 268,676 $ 649,820
Period over which shares may be purchased under share repurchase program (in years) 5 years 5 years      
Authorized aggregate repurchases of common stock $ 3,000,000 $ 2,000,000      
Repurchase of common stock, remaining authorization     169,400    
Share repurchases that settled in cash subsequent to fiscal year-end     $ 0 $ 5,000 $ 0
v3.26.1
Stockholders' Equity - Accumulated other comprehensive income (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Jan. 28, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]        
Accumulated other comprehensive income $ 5,540,120 $ 3,198,264 $ 2,617,281 $ 2,524,623
AOCI, Cash Flow Hedge, Cumulative Gain (Loss), after Tax 2,257 0 0  
Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax 8,226 0 0  
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax 7,330 (755) (329)  
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent        
Accumulated Other Comprehensive Income (Loss) [Line Items]        
Accumulated other comprehensive income 2,257 0    
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax 3,375      
Other Comprehensive Income (Loss), Derivative, Excluded Component, Increase (Decrease), after Adjustments and Tax (1,118)      
Reclassification To Accumulated Other Comprehensive Income Loss From Pension Remeasurement Net Of Tax 0      
Other Comprehensive Income (Loss), Net of Tax 2,257      
Accumulated Defined Benefit Plans Adjustment Attributable to Parent        
Accumulated Other Comprehensive Income (Loss) [Line Items]        
Accumulated other comprehensive income 8,226 0    
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax 0      
Other Comprehensive Income (Loss), Derivative, Excluded Component, Increase (Decrease), after Adjustments and Tax 0      
Reclassification To Accumulated Other Comprehensive Income Loss From Pension Remeasurement Net Of Tax 8,226      
Other Comprehensive Income (Loss), Net of Tax 8,226      
Accumulated Foreign Currency Adjustment Attributable to Parent        
Accumulated Other Comprehensive Income (Loss) [Line Items]        
Accumulated other comprehensive income 7,330 (755)    
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax 8,085      
Other Comprehensive Income (Loss), Derivative, Excluded Component, Increase (Decrease), after Adjustments and Tax 0      
Reclassification To Accumulated Other Comprehensive Income Loss From Pension Remeasurement Net Of Tax 0      
Other Comprehensive Income (Loss), Net of Tax 8,085      
Accumulated Other Comprehensive Loss        
Accumulated Other Comprehensive Income (Loss) [Line Items]        
Accumulated other comprehensive income 17,813 $ (755) $ (329) $ (252)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax 11,460      
Other Comprehensive Income (Loss), Derivative, Excluded Component, Increase (Decrease), after Adjustments and Tax (1,118)      
Reclassification To Accumulated Other Comprehensive Income Loss From Pension Remeasurement Net Of Tax 8,226      
Other Comprehensive Income (Loss), Net of Tax $ 18,568      
v3.26.1
Segment Reporting - Schedule of Significant Expenses by Reportable Segment (Details)
$ in Thousands
 12 Months Ended
Jan. 31, 2026
USD ($)
segment
Feb. 01, 2025
USD ($)
Feb. 03, 2024
USD ($)
Segment Reporting Information [Line Items]      
Net sales $ 17,215,120 $ 13,442,849 $ 12,984,399
Segment profit (loss) 1,516,223 1,497,569 1,381,138
Corporate and other expenses 420,314 23,637 98,773
Interest expense 64,263 52,987 58,023
Other income (110,327) (98,088) (93,809)
INCOME BEFORE INCOME TAXES 1,141,973 1,519,033 1,318,151
Depreciation and amortization expense 488,630 400,409 393,933
Capital expenditures 1,137,176 802,565 587,426
Long-lived assets $ 8,107,446 4,437,231  
Number of Reportable Segments | segment 2    
United States      
Segment Reporting Information [Line Items]      
Long-lived assets $ 7,256,525 4,437,231  
International      
Segment Reporting Information [Line Items]      
Long-lived assets 850,921 0  
DICK'S      
Segment Reporting Information [Line Items]      
Net sales 14,108,943 13,442,849 12,984,399
Cost of merchandise and services sold 7,100,929 6,813,682 6,664,212
Occupancy costs 1,197,019 1,139,387 1,100,720
Personnel expense 1,972,850 1,869,257 1,838,554
Other segment expenses 2,269,702 2,122,954 1,999,775
Segment profit (loss) 1,568,443 1,497,569 1,381,138
Depreciation and amortization expense 425,043 400,409 393,933
Capital expenditures 1,043,463 802,565 587,426
DICK'S | United States      
Segment Reporting Information [Line Items]      
Net sales 14,108,900 13,442,800 12,984,400
Foot Locker      
Segment Reporting Information [Line Items]      
Net sales 3,106,177 0 0
Cost of merchandise and services sold 1,873,614 0 0
Occupancy costs 414,557 0 0
Personnel expense 497,616 0 0
Other segment expenses 372,610 0 0
Segment profit (loss) (52,220) 0 0
Depreciation and amortization expense 63,587 0 0
Capital expenditures 93,713 0 0
Foot Locker | United States      
Segment Reporting Information [Line Items]      
Net sales 2,075,700 0 0
Foot Locker | International      
Segment Reporting Information [Line Items]      
Net sales $ 1,030,500 $ 0 $ 0
v3.26.1
Related Party Transaction (Details)
$ in Millions
Jan. 28, 2026
USD ($)
Executive Chairman | Aircraft Purchase From Affiliated Entity EWS IV, LLC  
Related Party Transaction [Line Items]  
Related Party Transaction, Amounts of Transaction $ 49.0
v3.26.1
Subsequent Event (Details) - Subsequent Events
$ / shares in Units, $ in Millions
 3 Months Ended
Mar. 23, 2026
USD ($)
May 02, 2026
USD ($)
store
Mar. 11, 2026
$ / shares
Subsequent Event      
Number of store locations with lease termination | store   1  
Gain on termination of lease   $ 25.0  
Minimum      
Subsequent Event      
Acquisition-related costs $ 500.0    
Estimated severance costs 40.0    
Maximum      
Subsequent Event      
Acquisition-related costs 750.0    
Estimated severance costs $ 55.0    
Credit Card Interchange Fee Litigation      
Subsequent Event      
Litigation settlement gain, net of legal fees   $ 150.0  
Common Stock      
Subsequent Event      
Dividend amount (in dollars per share) | $ / shares     $ 1.25
Class B Common Stock      
Subsequent Event      
Dividend amount (in dollars per share) | $ / shares     $ 1.25
v3.26.1
SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Inventory reserve      
Valuation and qualifying accounts      
Balance at beginning of period $ 81,443 $ 73,796 $ 52,176
Charged to costs and expenses 121,959 77,779 68,202
Deductions (97,409) (70,132) (46,582)
Balance at end of period 105,993 81,443 73,796
Allowance for credit losses      
Valuation and qualifying accounts      
Balance at beginning of period 2,383 2,555 2,863
Charged to costs and expenses 2,436 2,045 1,770
Deductions (1,666) (2,217) (2,078)
Balance at end of period 3,153 2,383 2,555
Reserve for sales returns      
Valuation and qualifying accounts      
Balance at beginning of period 23,152 22,429 19,021
Charged to costs and expenses 808,965 699,457 706,359
Deductions (807,594) (698,734) (702,951)
Balance at end of period $ 24,523 $ 23,152 $ 22,429