Dick's Sporting Goods Shares Sink 18% After Q2 Miss, Outlook Cut
Updated
Updated · CNBC · Aug 25
Dick's Sporting Goods Shares Sink 18% After Q2 Miss, Outlook Cut
3 articles · Updated · CNBC · Aug 25
Summary
Dick's Sporting Goods fell 18% in premarket trading after reporting quarterly revenue and profit below expectations and slashing its full-year EPS outlook.
The retailer also lowered its full-year same-store sales forecast, signaling weaker demand than previously expected across the core business.
Foot Locker, which Dick's recently acquired, added to the pressure as its performance dragged on results amid a soft athletic footwear market.
The miss follows investor focus on Dick's earnings update as a test of store traffic, inventory execution and broader sporting-goods demand.