Bear of the Day: Dick's Sporting Goods (DKS)

DICK's Sporting Goods (DKS) reported adjusted EPS of $3.53 and revenue of $5.6 billion, both missing consensus estimates with earnings declining 20% year-over-year. The company cut its fiscal 2026 adjusted EPS outlook to $11-$12 range, citing weakness at Foot Locker subsidiary. Shares have plummeted over 30% year-to-date, erasing several years of gains.