Dick’s Sporting Goods on Tuesday said it’s expecting 2025 profits to be far lower than Wall Street anticipated, making it the latest retailer to forecast a rocky year ahead as consumers contend with tariffs, inflation and fears around a potential recession. 

Dick’s Sporting Goods shares dropped 5.2% in premarket trading.

Despite the weak guidance, the sporting goods retailer posted its best holiday quarter on record. Its comparable sales rose 6.4%, far ahead of the 2.9% growth that analysts expected, according to StreetAccount. 

Here’s how Dick’s did in its fiscal fourth quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG:

• Earnings per share: $3.62 vs. $3.53 expected

• Revenue: $3.89 billion vs. $3.78 billion expected

The company’s reported net income for the three-month period that ended Feb. 1 was $300 million, or $3.62 per share, compared with $296 million, or $3.57 per share, a year earlier.  

Sales rose to $3.89 billion, up about 0.5% from $3.88 billion a year earlier. Like other retailers, Dick’s benefited from an extra week in the year-ago period, which has skewed comparisons. But unlike many of its peers, Dick’s still managed to grow both sales and profits during the quarter, even with one less selling week. 

In the year ahead, Dick’s is expecting earnings per share to be between $13.80 and $14.40, well short of Wall Street estimates of $14.86, according to LSEG. It anticipates net sales will be between $13.6 billion and $13.9 billion, which at the high end is in line with estimates of $13.9 billion, according to LSEG. Dick’s expecting comparable sales to grow between 1% and 3%, compared to estimates of up 2.5%, according to StreetAccount.