Dick’s Sporting Goods Inc. (NYSE:DKS) stock extended its decline in Wednesday’s premarket trading after plunging 30.68% Tuesday.
The retailer reported second-quarter earnings and revenue below analysts’ expectations. It also cut its full-year outlook as weakness at Foot Locker weighed on results.
Earnings Snapshot
Net sales rose 53.2% year over year to $5.59 billion but missed the $5.65 billion estimate.
Adjusted earnings fell to $3.53 per share from $4.38 a year earlier. That missed the $3.77 estimate. GAAP earnings declined to $3.50 per share from $4.71.
