Dicks Sporting Goods, Inc.

Strong Q1 performance at DICK’S; guidance raised - DICK’S comp sales: +6.0% in Q1 (driven by +5.5% avg ticket and +0.5% transactions), with strength across footwear, apparel, and hardlines; no sign of trade-down. - Healthy consumer signals: more frequent/purchased trips; +1.5M new athletes added to the database. - Outlook (DICK’S): raises full-year comps to +2.5% to +4% (from +2% to +4%). Expects ~30 bps non-GAAP operating margin expansion at high end (per management commentary).

Foot Locker turnaround showing early proof points; guidance raised - Foot Locker global Q1: slightly positive comps plus operating income with merch margin improvement; first quarter of positive comps since Q4 2024. - North America / U.S. performance: +1.4% comp overall; U.S. Foot Locker banner comps +6.4%. - Full-year Foot Locker outlook: raises pro forma comp sales to +1.5% to +3% (from +1% to +3%) and expects operating income $110M–$150M (unchanged range vs prior, but raised at the low-end context).

Fast Break remodel is a key opportunity (capital-light) - Management emphasized Fast Break store reconcepts as “retail fundamentals”: cleaner shoe wall/storytelling, tighter SKU focus (not necessarily all new product yet). - Q1 expansion: Fast Break expanded by ~90 stores; total ~100 million of footprint investment stated (per remarks) and management characterized it as performing double-digit comps in Q1 with meaningful merch margin improvement. - Path: targeting ~250 Fast Break stores across Foot Locker/Kids Foot Locker/Champs globally by back-to-school, with further expansion into holiday.