DICK'S Sporting (DKS) Q2 Earnings Miss, Revenues In Line
Zacks Investment Research | Aug 15, 2017 10:43PM ET
After reporting in-line earnings in the first quarter of fiscal 2017, DICK'S Sporting Goods, Inc. (NYSE:DKS) witnessed negative earnings surprise of 4% in the fiscal second quarter. However, the top line met estimates after a miss in the previous quarter.
Moreover, comparable store sales (comps) fell short of expectations. Also, management lowered its fiscal 2017 guidance.
Consequently, shares of this sporting goods retailer declined nearly 23% yesterday, highlighting investors’ fears associated with the company’s forward prospects.
In fact, this Zacks Rank #4 (Sell) stock has declined 35.6% in the last three months, wider than the Zacks Investment Research
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