Dick's Sporting Goods stock decline and outlook cut
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Dick's Sporting Goods stock worst day ever
Dick's Sporting Goods completed its acquisition of Foot Locker in September 2025.
Comparable sales at Dick's Sporting Goods rose 4.9%.
Dick's Sporting Goods reported weaker-than-expected second-quarter earnings and revenue.
Dick's Sporting Goods stock plunges on weakening athleticwear demand
Dick's Sporting Goods acquired Foot Locker for $2.4 billion.
Dick's Sporting Goods stock declined over 29% during Tuesday's trading session.
Dick's Sporting Goods reported quarterly profit of $3.53 per share, missing estimates of $3.76.
Dick's Sporting Goods stock falls 15% on missed expectations
Dick's expects its own business to grow between 2.5% and 4%.
Dick's revised its outlook for the Foot Locker business to a range of flat to down 2%.
Dick's lowered its overall net sales outlook for the year from a range of $22.1 billion to $22.4 billion to a range of $21.9 billion to $22.2 billion.
Dick's Sporting Goods stock drops after slashed outlook
Dick's Sporting Goods second quarter results missed Wall Street's expectations of earnings of $3.76 on revenue of $5.64 billion.
Dick's Sporting Goods reported second quarter adjusted earnings per share of $3.53 on revenue of $5.58 billion.
Dick's Sporting Goods cut its 2026 net sales guidance to $21.9 billion to $22.2 billion, from $22.1 billion to $22.4 billion previously.