Dick's Sporting Goods Stock Falls 15% After Missed Earnings and Lowered Outlook
Macro·2 articles across 2 outlets·↩ Updated
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
Dick's Sporting Goods reported second fiscal quarter earnings that missed Wall Street expectations amid what it called a 'challenging' environment. The retailer also lowered its full-year outlook due to weakness at its recently acquired Foot Locker unit, overshadowing sales gains during the World Cup.
As a result of these developments, Dick's Sporting Goods stock fell 15%. The company cited the 'challenging' footwear market as a significant factor impacting its performance.
Dick's Sporting GoodsFoot Locker
Sources
Every quote below is verbatim from the article it is attributed to.
SourceReports the news
“Dick's Sporting Goods reported second fiscal quarter earnings on Tuesday that missed Wall Street expectations amid what it called a "challenging" environment.”
CNBC — Dick's Sporting Goods stock falls 15% as retailer misses expectations, cites 'challenging' footwear market“Dick’s Sporting Goods Inc. lowered its full-year outlook amid weakness at its recently acquired Foot Locker unit, overshadowing sales gains during the World Cup.”
Bloomberg — Dick’s Lowers Outlook Amid Foot Locker Weakness, More Discounts“Earnings live updates: Dick's Sporting Goods stock tanks after retailer slashes outlook amid 'challenging conditions'”
Yahoo Finance — Earnings live updates: Dick's Sporting Goods stock tanks after retailer slashes outlook amid 'challenging conditions'“Dick's Sporting Goods stock sinks after Foot Locker drags down earnings and outlook”
quartz — Dick's Sporting Goods stock sinks after Foot Locker drags down earnings and outlook
Earlier versions
- Aug 25, 11:41 AM — Dick's Sporting Goods Misses Revenue Expectations Amid Challenging Footwear Market (2/2)