Why Dicks Sporting Goods Stock Crashed Today

Dick's Sporting Goods stock plummeted 27% after reporting Q2 earnings that missed analyst expectations with $3.53 per share versus expected $3.78, and sales of $5.6 billion versus expected $5.65 billion. GAAP earnings fell 26% year-over-year. Management issued weak full-year guidance of $11-$12 per share profit versus expected $14.20, signaling continued challenges ahead despite 4.9% same-store sales growth and 53% total sales growth from the Foot Locker acquisition.