Big news in the retail-apparel sector today: Dick's Sporting Goods (NYSE:DKS | DKS Price Prediction) cut its full-year earnings guidance by more than two dollars per share this morning, sending the entire athletic complex lower.
DICK'S Sporting Goods NYSE: DKS reported strong second-quarter sales growth in its core business but lowered its full-year earnings outlook as a more promotional athletic footwear and apparel market pressured margins and weighed more heavily on its recently acquired Foot Locker operations.
10.4%. That's how much Dick's shares have declined this year before Tuesday's slump.
Dick's Sporting Goods (DKS) came out with quarterly earnings of $3.53 per share, missing the Zacks Consensus Estimate of $3.78 per share. This compares to earnings of $4.38 per share a year ago.
Stock futures are pointing higher after tech losses dragged the S&P 500 and Nasdaq lower yesterday; bitcoin is extending its recent rally; investors can look forward to an update on consumer confidence; shares of Dick's are sliding after the retailer lowered its outlook; and Intuit is set to release its latest results after the closing bell. Here's what you need to know today.
The retailer lowered its operating income outlook, citing increasingly tough conditions in the athletic footwear and apparel markets.
Dick's Sporting Goods stock falls sharply after the sports retailer misses second-quarter earnings expectations and reduces its fiscal-year profit outlook.
Dick's Sporting Goods reported second fiscal quarter revenue on Tuesday that missed Wall Street expectations amid what it called a "challenging" environment. The retailer said Foot Locker was largely impacted by those conditions and lowered its comparable sales outlook.
DKS is poised for strong sales growth as House of Sport, Foot Locker and digital initiatives drive engagement.
Looking beyond Wall Street's top-and-bottom-line estimate forecasts for Dick's (DKS), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended July 2026.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Dick's Sporting Goods (DKS) closed at $195.64 in the latest trading session, marking a -3.14% move from the prior day.