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
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Dick’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.
Lire la suite »
Dick'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.
Lire la suite »
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
Lire la suite »
Stocks 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.
Lire la suite »
Chinese 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.
Lire la suite »
This 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.
Lire la suite »