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.
The big-box retailer posted net income of $244 million, or $2.82 a share for the quarter, compared with $318.5 million, or $3.25 per share, a year ago. Analysts expected earnings of $3.81 a share.
Dick's also cut its guidance and now expects to earn as much as $12.13 per share for the year, compared to the previous guidance of $13.80 per share. Dick's CEO Lauren Hobart speaks at the 35th Annual Footwear News Achievement Awards on Nov. 30, 2021, in New York City.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Dick's Sporting Goods slashes profit outlook as it reports uptick in retail theftDick’s Sporting Goods is grappling with an uptick in retail theft that contributed to a 23% drop in profits, prompting it to slash its full year outlook.
Weiterlesen »
Dick’s Sporting Goods Blames Theft for Profit WoesThe retailer’s shares plunged 20% after it posted weak earnings and said rising retail theft was sapping its profitability.
Weiterlesen »
Dick’s Sporting Goods blames retail theft for fall in profitNeil Saunders, managing director of GlobalData, said in a statement that a large portion of Dick’s quarterly profit drop appeared to be due to theft.
Weiterlesen »
Dick’s Sporting Goods announces hundreds of layoffs ahead of earningsRetailer Dick's Sporting Goods has cut hundreds of corporate jobs ahead of its quarterly earnings release Tuesday.
Weiterlesen »
Lowe's, Zoom, Microsoft rise premarket; Macy's, Dick's Sporting Goods fall By Investing.comLowe's, Zoom, Microsoft rise premarket; Macy's, Dick's Sporting Goods fall
Weiterlesen »
Stocks making the biggest moves premarket: Dick's Sporting Goods, Fabrinet, Macy's, AppLovin and moreThese are the stocks posting the largest moves in early trading.
Weiterlesen »