• Loading stock data...
Thursday, October 9, 2025

Dick’s Reports Worst Post-Pandemic Earnings, Blames Shoplifting

  • Dick’s Sporting Goods missed Wall Street’s earnings expectations for the first time in three years.
  • Shoplifting and employee theft were blamed in part for the poor results.
Syndication: Press and Sun-Bulletin

Dick’s Sporting Goods missed Wall Street’s earnings expectations for the first time in three years, dropping its stock nearly 25% to around $111 as of Tuesday afternoon.

The company reported $2.82 per share in adjusted profit for its second fiscal quarter, compared with expectations of $3.81 per share. Sales rose 3.6% to $3.224 billion — slightly below the $3.238 billion expected.

Shoplifting and employee theft were blamed in part for the poor results.

“Organized retail crime and theft in general is an increasingly serious issue impacting many retailers,” Dick’s CEO Lauren Hobart said on the company’s earnings call. Dick’s chief financial officer Navdeep Gupta added that organized retail crime was “significantly higher” than the company anticipated.

Looking toward end-of-year, Dick’s reduced its expectations for adjusted profits to between $11.50 and $12.30 per share.

Despite the unfavorable financial results, Dick’s stock is still up around 600% from the end of March 2022, as the company has largely been able to capitalize on increased interest in athletic gear, at-home workout equipment, and other sporting activities like golf, tennis, and pickleball. 

Corporate Layoffs

Dick’s reportedly let go of 250 employees this week, according to Bloomberg. As of January, it had employed nearly 53,000 full- and part-time workers.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

More Dildo Throwing During WNBA Games Leads to Second Arrest

The 18-year-old threw a dildo that hit another fan and his young niece.

Smelling Salts Not Banned in the NFL, but Teams Can’t Hand Them..

Teams are banned from supplying smelling salts to their players.

March Madness Fields Will Stay Put at 68—at Least Until 2027

NCAA tournament expansion is still on the table for 2027.

Featured Today

Paul Cartier

Sports Organists Are Still Thriving in the Era of Raucous Arena Music

“When they walk out and they see a real organ guy, it’s like, ‘Wow.’”
Sep 27, 2025; Milwaukee, Wisconsin, USA; Milwaukee Brewers center fielder Jackson Chourio (11) rounds the bases after hitting a home run during the sixth inning against the Cincinnati Reds at American Family Field.
October 4, 2025

Milwaukee Moneyball: Brewers Are Beating MLB’s Deeper Pockets

Milwaukee is holding its own against big-budget competitors.
Kōloa Rum Company Rum Rusher
September 27, 2025

Panthers Bubbly, Jets Wine, Manning Whiskey: The Sports Booze Boom

A sommelier dives into the sports booze trend—and tries Jets wine.
Nov 17, 2024; Pittsburgh, Pennsylvania, USA; Pittsburgh Steelers fans wave Terrible Towels against the Baltimore Ravens during the fourth quarter at Acrisure Stadium
September 26, 2025

Steelers’ Irish Roots Are Deeper Than NFL Dublin Game

The Steelers have history and the foundation for a future in Ireland.
Limited Hype
July 27, 2025

Sneaker Reselling Was Once Easy Money. Success Is Now Complicated

Vendors need to evolve what they’re selling and how they do it.
August 12, 2025

‘We Have Pricing Power’: On Smashes Earnings Expectations

U.S. tariffs haven’t cooled demand for On’s high-priced sneakers and apparel.
Sponsored

How Jenny Just Is Shaping the Future of Sports Ownership

Jenny Just on bringing her investment experience to sports ownership.
Happy Gilmore 2 hockey stick putter
July 21, 2025

Callaway’s $500 ‘Happy Gilmore’ Putter Booming on Resale Market

Callaway released a limited-edition Odyssey-branded hockey stick putter.
A Lululemon store at Freehold Raceway Mall in Freehold Township, New Jersey on Nov. 30, 2023
July 2, 2025

Sportswear Stocks Rise as Trump Touts Vietnam Trade Deal

Tariffs on Vietnam imports will be 20%, down from a prior threat of 46%.
From vintage to unique collaborations, various Nike and Jordan shoes are displayed on a wall at Saved Soles inside West Ridge Mall.
June 26, 2025

Nike Stumbles Less Than Expected, Giving Wall Street Hope

The sports apparel and footwear giant beats Wall Street expectations.
Jun 20, 2024; Eugene, OR, USA; Detailed view of Nike Alphafly 3 racing flat at the Nike by Eugene store.
June 25, 2025

Investors Hunt for Signs Nike Has Regained Its Footing

Nike’s fundamentals are “still challenged.”