Dick’s Sporting Goods shares fell nearly 17% in early trading following the company’s report of quarterly revenue and earnings below analyst expectations. The retailer cited a challenging U.S. market for athletic footwear and apparel, leading to a lowered sales forecast for both Foot Locker and overall net sales for the year. Despite the cautious outlook, CEO Lauren Hobart expressed confidence in the long-term potential of the business. This decline marks Dick’s worst stock performance in years and follows similar struggles reported by other sports retailers like JD Sports.
Dick's Sporting Goods reported Q2 2026 adjusted earnings per share of $3.53, missing the consensus estimate of $3.76 due to underperformance in its Foot Locker acquisition and a tough athletic footwear market. Following the earnings miss, the company...
Dick's Sporting Goods reported weaker-than-expected Q2 2026 earnings, with diluted EPS falling to $3.50 from $4.71 a year earlier, and lowered its full-year sales outlook for its Foot Locker business due to tough market conditions. Following the anno...
Block & Leviton is investigating Dick's Sporting Goods for potential securities law violations related to its handling of the Foot Locker acquisition. Earlier optimistic statements about Foot Locker's turnaround and full-year outlook were contradicte...
OpenAI's new inference chip, Jalapeño, developed with Broadcom, outperformed Nvidia's Blackwell chip in multiple performance and efficiency tests, signaling strong AI hardware innovation. Meanwhile, Dick's Sporting Goods shares dropped sharply after ...
Dick's Sporting Goods reported quarterly earnings with an EPS of $3.53, below the expected $3.76, and revenue that also missed Wall Street forecasts. The shortfall is partly due to the Foot Locker acquisition, which lowered EPS and led to a reduced f...
