Dick's Sporting Goods plunges 25% after it says retail-theft crime wave lowered profits
Dick's Sporting Goods plunged 25% on Tuesday after the company revealed weak second-quarter earnings. The retailer said it saw a decline in profits due to increased shrinkage, which is code for ret...
DICK'S Sporting Goods, Inc. (DKS) Q2 2023 Earnings Call Transcript
DICK'S Sporting Goods, Inc. (NYSE:DKS ) Q2 2023 Earnings Conference Call August 22, 2023 10:00 AM ET Company Participants Lauren Hobart - President & CEO Navdeep Gupta - CFO Nate Gilch - IR Confere...
Inventory Theft Hurts DICK's Sporting Goods' Earnings; Shares Drop
DICK's Sporting Goods Inc. (DKS), the largest U.S. sporting goods retailer, reported a sharp profit decline for the most recent quarter amid tepid sales growth and an increase in inventory theft, d...
Dick's Sporting Goods stock on track for its worst day ever
Short Hills Capital's Steve Weiss joins 'Halftime Report' to discuss why Dick's Sporting Goods is performing poorly today, Dick's reporting an earning's revenue miss and increases in inventory loss...
Why These 2 Well-Known Stocks Are Dragging the Whole Market Down
Macroeconomic concerns hurt the stock market on Tuesday. Dick's Sporting Goods stock plunged as earnings felt the impact of rising theft levels.
DICK'S Sporting (DKS) Stock Dips as Q2 Earnings Miss Estimates
Despite headwinds related to elevated inventory shrink, DICK'S Sporting's (DKS) Q2 results reflect gains from solid market share gains and increased transactions.
Dick's Sporting Goods stock plunges on earnings miss, falling profits
Dick's Sporting Goods (DKS) shares are sinking after reporting an earnings miss and slashing its guidance in connection to declining profits and retail theft. Barclays Consumer Discretionary Analys...
Why Dick's Sporting Goods Stock Dropped Like a Rock Today
Dick's sales are holding strong, but its profits are dropping. The company lowered expectations for the year, but it still expects to grow.
Higher Theft, Cost Cutting Drive Dick's Shares Lower
Shares of Dick's Sporting Goods sank after cutting its profit outlook for the full year as the retailer deals with slowing growth and more theft at its stores. Simone Foxman has more on "Bloomberg ...
Dick's Sporting Goods blames ‘organized retail crime' for 23% drop in profits
Dick's Sporting Goods reported disappointing second-quarter earnings, which it attributed to "organized retail crime." In response, the retailer slashed its earnings outlook from $12.90 to $13.80 p...
Dick's Sporting Goods CEO highlights impact of organized retail crime: ‘It's quite alarming what's going on'
Dick's Sporting Goods' CEO Lauren Hobart has highlighted the “meaningful” impact of organized retail crime and theft on the sporting goods retailer's second-quarter results.
Macy's +100% EPS, Falls -8%; DKS -20% on Q2
The department store giant brought in 26 cents per share versus estimates of 13 cents, on revenues totaling $5.13 billion, above the $5.06 billion expected.
Macy's, Dick's, and Lowe's are sounding alarms on US shoppers
Macy's said US consumers have less cash to spend, and are choosing experiences over products. Lowe's said homeowners are doing well, but fewer are taking on projects themselves.
Dick's Sporting Goods profits hit by retail theft
Shares of Dick's Sporting Goods tumbled after the retailer slashed its profit forecast following a 23% drop in profits amid a rising crime wave hitting multiple retailers.
Dick's Sporting Goods Blames Earnings Slump On Theft—Joining Other Major Retailers
Dick's Sporting Goods shares plunged more than 24% Tuesday after reporting lower-than-expected earnings—an issue it blamed partly on an uptick in retail theft.
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