Dick’s Sporting Goods, which acquired Foot Locker last year, lowered its outlook for the shoe store, citing “challenging conditions in the athletic footwear marketplace.”

The sports retailer cut its profit outlook amid a “challenging” market.

Dick's Sporting Goods reported second fiscal quarter revenue on Tuesday that missed Wall Street expectations amid what it called a "challenging" environment.

Dicks Sporting Goods shares plunged 22% after second-quarter earnings missed estimates and the retailer cut its full-year outlook. Weak Foot Locker sales, integration challenges…