US sportswear firms fall after Dick's Sporting Goods cuts annual forecasts
25/08/2026 15:44
BUZZ-US sportswear firms fall after Dick's Sporting Goods cuts annual forecasts ** U.S. sportswear firms' shares fall as Dick's Sporting Goods DKS.N cuts its full-year sales and adjusted profit forecasts
** DKS slumps ~26% as pressure from higher promotions, fewer launches and weak demand drive Q2 results miss
** Shares of Nike NKE.N down 2.6%, Lululemon LULU.O slips 3.7%, Deckers Outdoor DECK.N falls 3.6%
** Under Armour UAA.N slides 2.9%, On Holdings ONON.N down 2%
** Casual footwear maker Crocs CROX.O drops 3.1%
(Reporting by Anand Gopal in Bengaluru)