Dick’s Sporting Goods completes $2.4 billion Foot Locker deal (Reuters) -Footwear retailer Dick’s Sporting Goods said on Monday it had completed its $2.4 billion acquisition of Foot Locker. The deal gives Dick’s a stronger foothold in the sneaker market with over 3,200 stores and an entry into international markets, while both companies battle for market share. Dick’s expects the transaction to add to its earnings per share in fiscal 2026, excluding transaction related and other one-time costs. The deal was closed after the mandatory waiting period under U.S. antitrust law ended on August 25. 3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads. ProPicks AI evaluates FL alongside thousands of other companies every month using 100+ financial metrics. Using powerful AI to generate exciting stock ideas, it looks beyond popularity to assess fundamentals, momentum, and valuation. The AI has no bias—it simply identifies which stocks offer the best risk-reward based on current data with notable past winners that include Super Micro Computer (+185%) and AppLovin (+157%). Want to know if FL is currently featured in any ProPicks AI strategies, or if there are better opportunities in the same space?

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