Dick’s Sporting Goods announced that it will stick to its full-year 2025 forecast even though tariffs are still in effect. The company expects its annual earnings to fall between $13.80 and $14.40 per share, which aligns with what financial analysts predicted.

Revenue is also expected to be between $13.6 billion and $13.9 billion, in line with expectations.

CEO Lauren Hobart said that Dick’s strong early-year results and effective strategies support this confident outlook, although the wider economy remains unpredictable.

In the first quarter of the fiscal year ending May 3, Dick’s earned $264 million (or $3.24 per share), slightly down from $275 million last year. Excluding costs linked to its planned acquisition of Foot Locker, adjusted earnings were $3.37 per share. Revenue was $3.17 billion, up from $3.02 billion the previous year.

These numbers weren’t a surprise to most investors since Dick’s had shared early performance data when it announced its $2.4 billion acquisition of rival Foot Locker.

The deal has received mixed reactions: it gives Dick’s a chance to expand internationally and reach more sneaker shoppers, but critics point out Foot Locker’s long-term struggles and competition with direct-to-consumer brands.

After the deal was revealed, Foot Locker’s stock jumped over 80%, while Dick’s dropped about 15%. The deal is expected to finalize in the second half of fiscal 2025. Dick’s current forecast does not include the costs or earnings from the merger. However, it expects the deal to boost profits and create up to $125 million in cost savings in the first full year after the merger.