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Are Dick’s Sporting Goods investors waiting for the other shoe to drop?
Shares of the Pittsburgh-based retailer plummeted more than 30% yesterday after a second-quarter earnings report that wasn’t promising.
Despite seeing a 53% increase in consolidated net sales, the company reported earnings per diluted share of only $3.50, compared to last year’s $4.71. The number falls short of Wall Street’s $3.76 prediction, as cited by CNBC.
Dick’s says it has initiated a review of unproductive
Shares of the Pittsburgh-based retailer plummeted more than 30% yesterday after a second-quarter earnings report that wasn’t promising.
Despite seeing a 53% increase in consolidated net sales, the company reported earnings per diluted share of only $3.50, compared to last year’s $4.71. The number falls short of Wall Street’s $3.76 prediction, as cited by CNBC.
Dick’s says it has initiated a review of unproductive
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