Dick's Stock Sinks as Guidance Disappoints

Key Takeaways Dick's Sporting Goods raised its full-year profit guidance but not enough to match analysts' consensus estimates. Second-quarter sales and profit topped analysts' expectations. Dick's shares sank 7% Wednesday morning but still are up nearly 50% this year. Dick's Sporting Goods (DKS) raised its 2024 profit guidance Wednesday along with second-quarter results that beat expectations on the top and bottom lines. The retailer increased its full-year earnings per share (EPS) outlook to between $13.5 ...