S&P Global Revises Dick’s Outlook
The ratings agency changed DKS’ outlook to stable from positive, citing inventory build-ups across key brands, fewer footwear launches affecting its Foot Locker business, and pro forma leverage rising to the mid-2x area. S&P now expects Dick’s leverage to remain above 2x through FY 27. Adjusted leverage will remain elevated at around 2.4x by year-end; however, ongoing sales at Dick’s core business could support margin expansion, offsetting weakness ... Log in to view full article.
