Dick's Sporting Goods falls after cutting annual forecasts

NIKE

25/08/2026 12:49

** Shares of sportswear retailer Dick's Sporting Goods DKS.N down ~15% at $152.02 premarket
** Co cuts its sales and adjusted profit forecasts, as pressures from higher promotions, fewer launches and their weak performance during the second-quarter weigh on business
** Expects annual net sales forecast between $21.9 billion and $22.2 billion, compared with previous forecast of $22.1 billion to $22.4 billion 
** Sees 2026 adjusted earnings in the range of $11.00 to $12.00 per share, compared with its prior forecast of $13.50 to 14.50
** Reports Q2 revenue of $5.59 billion, missing estimates of $5.65 billion — data compiled by LSEG
** Logs adjusted EPS of $3.53 vs estimates of $3.76
** "As the quarter progressed, conditions across portions of the athletic footwear and apparel marketplace became increasingly promotional, and we took action to remain competitively priced to protect and grow our leadership position," Ed Stack, Executive Chairman says
** Shares of sportswear giant Nike NKE.N fall about 2% premarket
** Up to last close, DKS stock down ~9% YTD

 (Reporting by Shania S Thomas in Bengaluru)
 ((shanias.thomas@thomsonreuters.com))