Dick's Sporting Goods Shares Plunge 12% After $5.59 Billion Sales Miss as Footwear Market Stays Challenging
Updated
Updated · CNBC · Aug 25
Dick's Sporting Goods Shares Plunge 12% After $5.59 Billion Sales Miss as Footwear Market Stays Challenging
3 articles · Updated · CNBC · Aug 25
Summary
More than 12% of Dick's Sporting Goods' market value was wiped out before the bell after the retailer reported quarterly revenue below Wall Street expectations.
Sales came in at $5.59 billion, missing the $5.65 billion LSEG consensus, while the company pointed to a "challenging" footwear market as a key drag.
The drop made Dick's one of the sharpest premarket movers, contrasting with broader strength in chip stocks and gains in names including AMD and United Airlines.
The reaction underscores how closely investors are watching consumer-facing retailers for signs that category-specific weakness can outweigh otherwise steady demand.
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