What's Wrong With Dick's Sporting Goods' Stock?
Shares have collapsed in value this week.
Overview
The worst-performing stock of this week may just be Dick's Sporting Goods (NYSE: DKS). Shares fell over 30% on Tuesday, Aug. 25, after the company reported disappointing earnings and lowered its full-year guidance while warning about aggressive promotional activity in the footwear and apparel market.
Here's what's wrong with Dick's stock, and whether now is a good time to buy the dip.
Details
On Aug. 25, Dick's reported earnings for the three months ended in July. It missed both revenue and earnings per share (EPS) estimates. It had $5.59 billion in revenue compared to estimates of $5.65 billion.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.