Shares of Dick's Sporting Goods sank after cutting its profit outlook for the full year as the retailer deals with slowing growth and more theft at its stores. Simone Foxman has more on "Bloomberg Mar
Dick's Sporting Goods reported disappointing second-quarter earnings, which it attributed to "organized retail crime." In response, the retailer slashed its earnings outlook from $12.90 to $13.80 per
Dick's Sporting Goods' CEO Lauren Hobart has highlighted the “meaningful” impact of organized retail crime and theft on the sporting goods retailer's second-quarter results.

Macy's +100% EPS, Falls -8%; DKS -20% on Q2

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The department store giant brought in 26 cents per share versus estimates of 13 cents, on revenues totaling $5.13 billion, above the $5.06 billion expected.
Macy's said US consumers have less cash to spend, and are choosing experiences over products. Lowe's said homeowners are doing well, but fewer are taking on projects themselves.
Shares of Dick's Sporting Goods tumbled after the retailer slashed its profit forecast following a 23% drop in profits amid a rising crime wave hitting multiple retailers.
Dick's Sporting Goods shares plunged more than 24% Tuesday after reporting lower-than-expected earnings—an issue it blamed partly on an uptick in retail theft.
Retail giants Dick's Sporting Goods Inc (NYSE:DKS) and Macy's Inc (NYSE:M) are fresh off the earnings confessional.
Dick's Sporting Goods (DKS) came out with quarterly earnings of $2.82 per share, missing the Zacks Consensus Estimate of $3.76 per share. This compares to earnings of $3.68 per share a year ago.
Dick's Sporting Goods warned Tuesday that retail theft is damaging its business and would lead to lower annual profits.
Dick's Sporting Goods (NYSE:DKS) stock was slapped 19% lower in Tuesday morning's deals after quarterly results missed Wall Street expectations and the retailer downgraded its outlook with a profit
The retailer's earnings disappointed. It reported $2.82 per share in adjusted profit on sales of $3.22 billion.
Dick'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.
Retailer Dick's Sporting Goods has cut hundreds of corporate jobs ahead of its quarterly earnings release Tuesday.

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