DICK’S Sporting Goods slashed its full-year profit forecast after reporting weaker-than-expected second-quarter earnings and revenue.
DICK’S Sporting Goods (DKS) shares fell nearly 31% after the company reported fiscal second-quarter earnings and revenue that missed analyst estimates. The retailer also lowered its full-year profit outlook significantly below expectations, citing softer demand and margin pressures.
Prior to the report, consensus estimates had projected stronger performance, with revenue and earnings per share both falling short of forecasts. The company had previously shown resilience in comparable sales growth, but the latest results reflect broader retail challenges.
The sharp decline in DKS shares reflects investor concerns over the retailer’s ability to navigate a slowing consumer spending environment and maintain profitability.