Dick's Sporting Goods expanding Lids shops to 100 locations

Dick's Sporting Goods, the sporting goods retailer, announced a partnership to expand Lids shops to 100 Dick's stores nationwide, the company said in a press release on Monday. "Our athletes are increasingly looking for new ways to rep their favorite teams, their style and the latest trends," said David Progar, SVP, Licensed at Dick's. "By partnering with Lids, a leader in licensed headwear, we'll be able to offer them more choices to meet their needs for sport, lifestyle and fandom." The collaboration is currently available in 46 stores across states such as California, Colorado, New York, and Texas. It's expected to reach 100 stores by late summer 2026. Dick's first-quarter earnings missed Wall Street expectations, as the costly turnaround of its legacy sneaker store Foot Locker weighed on the bottom line. During the quarter, Dick's saw net income of $319.82 million, or $3.54 per share, compared with $264.29 million, or $3.24 per share, a year earlier. — CNBC's Gabrielle Fonrouge contributed to this report.