Dick’s Sporting Goods stock falls 15% as retailer misses expectations, cites ‘challenging’ footwear market
The retailer said Foot Locker’s 3.6% comparable sales decline and a more promotional market will pressure margins through year-end.
- On Tuesday, Dick's Sporting Goods cut full-year net sales guidance to $21.9 billion–$22.2 billion and earnings per share to $10.94–$11.94, sending shares down 13% in premarket trading after quarterly revenue missed Wall Street expectations.
- Executive Chairman Ed Stack attributed the results to operational headwinds, stating that product launches 'performed below both industry and our expectations,' while cautious consumer spending weighed on demand.
- Dick's stores posted 4.9% comparable-sales growth driven by World Cup results, though revenue of $5.59 billion missed the $5.65 billion expected, while Foot Locker comparable sales declined 3.6%.
- CEO Lauren Hobart said the company remains 'highly confident in the strength of the DICK'S Business,' though management revised Foot Locker's outlook to flat or down 2% as it refines the subsidiary's strategy.
- Dick's acquired Foot Locker for $2.4 billion in 2025 to expand international presence, but the subsidiary's performance continues to weigh on the company's bottom line as integration efforts proceed.
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Foot Locker is closing stores as Dick’s struggles with turnaround: See where locations shuttered in 2026
Are Dick’s Sporting Goods investors waiting for the other shoe to drop? Shares of the Pittsburgh-based retailer plummeted more than 30% yesterday after a second-quarter earnings report that wasn’t promising. Despite seeing a 53% increase in consolidated net sales, the company reported earnings per diluted share of only $3.50, compared to last year’s $4.71. The number falls short of Wall Street’s $3.76 prediction, as cited by CNBC. Dick’s says…
Foot Locker becomes cause for concern for Dick’s as sneakers lose ground - RetailDetail EU
Dick’s Sporting Goods is lowering its 2026 forecasts as demand for sneakers falls short of expectations. Its new subsidiary, Foot Locker, in particular, is struggling with high inventory levels and steep discounts.
Dick’s shares plunge after weaker launches hit Foot Locker
Dick’s Sporting Goods entered its second quarter with investors expecting a growth story built around scale. It left the period with a lower annual forecast, a sharp warning about sneaker demand and a stock decline of more than 29% during Tuesday trading. The immediate numbers were disappointing. Quarterly profit of $3.53 a share missed the $3.76 estimate, while net sales of $5.59 billion fell short of the $5.65 billion expected by LSEG. Dick’s …
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Dick's Sporting Goods Just Had Its Worst Day Ever
Oil prices fell again on Tuesday, which helped ease worries in the bond market and support stock prices. The S&P 500 rose 24.42 points, or 0.3%, to 7,677.28, edging closer to its all-time high set earlier this month. The Dow Jones Industrial Average rose 160.24...
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