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Posted on 08/25/2026 8:34:29 PM PDT by NoLibZone
Shares of sports equipment retailer DICK'S Sporting Goods (DKS) tumbled almost 31% on Tuesday after the company reported fiscal second-quarter results that missed estimates on both the top and bottom lines. The company also cut its full-year profit outlook well below Wall Street's expectations.
The stock closed at $124.31, down $55.02 from the prior session's close, on volume of roughly 35.4 million shares, about 21 times the typical daily average. The drop also pushed DKS to a fresh 52-week low.
What Happened to DICK'S Sporting Goods
DICK'S reported fiscal Q2 non-GAAP EPS of $3.53, missing the consensus estimate by $0.23. While revenue of $5.59 billion rose 53.2% year over year, it fell $50 million short of expectations. The DICK'S core business posted 4.9% comparable sales growth, partially boosted by World Cup-related demand.
The recently acquired Foot Locker business, however, was a drag, with pro forma comparable sales for that segment declined 3.6% amid what management described as a challenging, increasingly promotional athletic footwear environment.
As to guidance, DICK'S now projects full-year EPS of $11.00–$12.00, with the midpoint coming in well below the prior consensus of $14.28.
(Excerpt) Read more at seekingalpha.com ...
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Dick’s is screwed. I always forget, is that irony or coincidence?
Might have done better if they kept selling firearms. Anyway......
Yep. That’s a BIG part of their problem. The ObaMao administration got them to quit selling firearms.
Oh well
Crappy store even when they had guns and ammo.
Dick’s Sporting Goods CEO announces travel expense reimbursement to employees seeking abortions in another state
Dick’s tv commercials are DEI saturated.
Yep. Good.
I cleaned them out of trap shells when they were closing them out for $40 a case
Their loss. My gain.
L
My young 21 year-old cousin worked at a Dicks in the Atlanta area for less than a year
He said shoplifting theft was terrible. They were trained to do nothing, and only to contact mall security (LOL). He said he could see it coming, especially the mass group-grabs, and learned to follow certain customers around.
He started to dislike a certain segment of the clientele and he said the whole experience was bad for his outlook and psyche - so he quit and found another job.
Dunham’s sells firearms. ✅
The lesson her? Don’t be Dicks!
Bingo. They are not even a legitimate sporting goods store at this point, more like a crappy clothing chain.
Who needs them?
When they got rid of guns that was it for me.
Stopping the sale of firearms is not the primary reason that Dick’s is headed for insolvency IMO, it’s part of the problem, not the main problem.
IMO, you have a white liberal social justice warrior running a sporting goods company, issuing statements about Roe vs Wade has nothing to do with selling sporting goods.
The other thing that is killing Dick’s Sporting Goods is the changing nature of retail, virtually everything Dick’s sells can be purchased from Amazon or similar retailers, most people would much rather purchase the item from a website and have it shipped to them the next day versus going to a store and dealing with that hassle.
I have been in a DICK’S Sporting Goods
but MAYBE ONE brief time
since they went anti-2nd Amendment
and I don’t plan on returning
BTW they stripped the store I went to
and used the inventory to make their
New Store in a local shopping center
look fully-stocked 😀
This was 20+ years ago so it was obvious
that they couldn’t afford to pay for inventory
even back then
YEP
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