Dick’s Sporting Goods Blames Theft for Profit Woes

Canada News News

Dick’s Sporting Goods Blames Theft for Profit Woes
Canada Latest News,Canada Headlines
  • 📰 WSJ
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 63%

The retailer’s shares plunged 20% after it posted weak earnings and said rising retail theft was sapping its profitability.

Updated Aug. 22, 2023 9:20 am ETDick’s Sporting Goods posted sales up 3.6% to $3.22 billion for the second quarter, just under analysts’ forecasts for $3.

24 billion.shares plunged 20% Tuesday after the retailer posted weak earnings and said rising retail theft was sapping its profitability.Continue reading your article with

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

WSJ /  🏆 98. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dick’s Sporting Goods announces hundreds of layoffs ahead of earningsDick’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.
Read more »

Dick's Sporting Goods slashes profit outlook as it reports uptick in retail theftDick'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.
Read more »

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 By Investing.comLowe's, Zoom, Microsoft rise premarket; Macy's, Dick's Sporting Goods fall
Read more »

Stocks making the biggest moves premarket: Dick's Sporting Goods, Fabrinet, Macy's, AppLovin and moreStocks 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.
Read more »

Chinese E-Commerce Giants Pivot to Selling Inexpensive GoodsChinese E-Commerce Giants Pivot to Selling Inexpensive GoodsAlibaba’s and JD.com’s quarterly results exceeded expectations after they focused on offering discounted goods in an uncertain economic environment.
Read more »

This Week: US home sales, Nvidia earns, durable goods ordersThis Week: US home sales, Nvidia earns, durable goods ordersThe National Association of Realtors releases its July tally of existing U.S. home sales Tuesday. Nvidia reports quarterly results Wednesday.
Read more »



Render Time: 2025-02-26 23:14:25