Posted on 06/01/2018 4:22:02 PM PDT by Extremely Extreme Extremist
(CNN Money) — Back in February, Dick’s Sporting Goods made a bold decision to stop selling assault style rifles and high capacity magazines, and to raise the minimum age to purchase a gun to 21.
Executives there braced for pain. Instead they got good news.
Dick’s Sporting Goods stock price surged by as much as 27% after it reported stronger than expected quarterly sales and profit Wednesday.
It’s the first measure of their decision to pull away from some guns.
(Excerpt) Read more at boston.cbslocal.com ...
You didn’t get that from post 57 just above yours, did you?
I really think highly of the FReeper who put up Post 57. (Grin)
Dick’s is on my Never Visit Again list.
The day I read this news I said I thought Dick was lying.
They got zero from me. Next quarter they will get ten times that amount.
LOL!
No. I read about ten replies and decided to post it even though I figured there were others that had posted it later on.
I never copy posts or take others info and regurgitate them to infer I am smart. I just post what I know or think, depending on the topic.
Post hoc ergo propter hoc
I didn't know we had a specialist in transgender surgery here.
There’s one right down the street. They don’t sell firearms or ammunition.
L
“Just means that was not the place most people purchased their guns.”
Just like going to gunbroker,com to buy bowling balls.
“Dick’s Soaring Sales Prove It Can Succeed Without Assault Rifles”
I haven’t spent a dime in this chain in years. My plan is to further reduce spending next year by at least 150 percent.
I just hope they build a store within 40 miles of our place to make boycotting easier.
Now that the 0bama economy is over and the Trump economy is kicking major butt they might want to rethink that. Boys like toys! lol
I wonder, did they pull the Daisy Red Ryder Christmas Story Shoot Your Eye Out Special Edition Assault Rifle from their shelves? :(
For ease of typing we can just refer to that as the DRRCSSYEOSEAR from now on. :)
So, when more storks appeared, there was an increase in new babies. Ergo, it means storks bring babies. What is it they say about correlation/causation?
Some kinda causal relationship thingy going on here?
They also quit selling 28 inch Huffy bikes. So, Dicks is proving it can succeed without selling 28 inch Huffy bikes too. Where’s the breathless headline?
A bumped stock price means they reported solid earnings. So yes, business is doing well. You can put your head in the sand and pretend it isn’t so, but it is.
Well, the ARE the Starbucks of sporting goods.
Cool.
Pump and dump article
Good find. Their eCommerce sales are up but same store sales are terrible.
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