Dick's Sporting Goods stock falls because of "shrink"

[odanny]

"Shrinkage" is the industry term for loss, usually the result of theft. The organized crime rings, made worse by corporate hands-off approach to stopping thefts in progess, need to be addressed more aggressively.



Dicks's Sporting Goods (DKS) stock tumbled more than 20% Tuesday morning after the sporting goods retailer said organized retail crime has cut into its profits.

"The biggest impact in terms of the surprise for Q2 primarily came from shrink," Dick's CFO Navdeep Gupta said on the company's earnings call. "We thought we had adequately reserved for it. However, the number of incidents and the organized retail crime impact came in significantly higher than we anticipated, and that impacted our Q2 results."

Dick's Sporting Goods stock tanks as retail thieves snatch profits

Retail crime weighed on Dick's Sporting Goods profits in the second quarter and has the retailer lowering its outlook for the full-year.

www.yahoo.com

 

[White 6]

"Shrinkage" is the industry term for loss, usually the result of theft. The organized crime rings, made worse by corporate hands-off approach to stopping thefts in progess, need to be addressed more aggressively.



Dicks's Sporting Goods (DKS) stock tumbled more than 20% Tuesday morning after the sporting goods retailer said organized retail crime has cut into its profits.

"The biggest impact in terms of the surprise for Q2 primarily came from shrink," Dick's CFO Navdeep Gupta said on the company's earnings call. "We thought we had adequately reserved for it. However, the number of incidents and the organized retail crime impact came in significantly higher than we anticipated, and that impacted our Q2 results."

Dick's Sporting Goods stock tanks as retail thieves snatch profits

Retail crime weighed on Dick's Sporting Goods profits in the second quarter and has the retailer lowering its outlook for the full-year.

www.yahoo.com

I have not liked Dick's Sporting Goods ever since they got rid of their guns and ammunition.

 

[okfine]

"Shrinkage" is the industry term for loss, usually the result of theft. The organized crime rings, made worse by corporate hands-off approach to stopping thefts in progess, need to be addressed more aggressively.



Dicks's Sporting Goods (DKS) stock tumbled more than 20% Tuesday morning after the sporting goods retailer said organized retail crime has cut into its profits.

"The biggest impact in terms of the surprise for Q2 primarily came from shrink," Dick's CFO Navdeep Gupta said on the company's earnings call. "We thought we had adequately reserved for it. However, the number of incidents and the organized retail crime impact came in significantly higher than we anticipated, and that impacted our Q2 results."

Dick's Sporting Goods stock tanks as retail thieves snatch profits

Retail crime weighed on Dick's Sporting Goods profits in the second quarter and has the retailer lowering its outlook for the full-year.

www.yahoo.com

Dick's has been in decline for a few years. The getting ripped off story is the go to reason for failing. It's not the only sporting goods co to fail.

 

[odanny]

I quit going there, they were always too expensive, now they might even get worse. Thankfully we have an Academy Sports now, which is 100% better.

 

[1srelluc]

Dick's....Shrinkage?

 

[Bob Blaylock]

I have not liked Dick's Sporting Goods ever since they got rid of their guns and ammunition.

They should have changed their name to “Pussy's”.

 

[two_iron]

I shorted the Dicks in the pre-market at 117 and change, and covered it at 112 about 10 minutes after the open.

Betting against fucking losers is one of my favorite hobbies.

Nice chart assholes!

 

[toobfreak]

Dicks's Sporting Goods (DKS) stock tumbled more than 20% Tuesday morning after the sporting goods retailer said organized retail crime has cut into its profits.

Couldn't happen to a nicer place!

Hope the a-holes go out of business.

 

[merrill]

turn over and inventory management is the secret

 

[lg325]

Crappy customer service and stocking things not useable in some states like here in Florida where turkey decoys is illegal but the Dicks down here stock them.

 

[Grumblenuts]

Dicks

hands-off approach

"Shrinkage"

need to be addressed more aggressively.

What's happened? Dick's seemed pretty big there for a while. I hear the staff just couldn't keep things straight. Not attracting enough suckers? Blown out?

 

[Esdraelon]

I have not liked Dick's Sporting Goods ever since they got rid of their guns and ammunition.

That's when I stopped doing any business with them. As long as I have another choice, I never will spend another penny with them again.

 

[frigidweirdo]

"Shrinkage" is the industry term for loss, usually the result of theft. The organized crime rings, made worse by corporate hands-off approach to stopping thefts in progess, need to be addressed more aggressively.



Dicks's Sporting Goods (DKS) stock tumbled more than 20% Tuesday morning after the sporting goods retailer said organized retail crime has cut into its profits.

"The biggest impact in terms of the surprise for Q2 primarily came from shrink," Dick's CFO Navdeep Gupta said on the company's earnings call. "We thought we had adequately reserved for it. However, the number of incidents and the organized retail crime impact came in significantly higher than we anticipated, and that impacted our Q2 results."

Dick's Sporting Goods stock tanks as retail thieves snatch profits

Retail crime weighed on Dick's Sporting Goods profits in the second quarter and has the retailer lowering its outlook for the full-year.

www.yahoo.com

Dicks shrink... who'd have thunked it?

 

[Mac-7]

"Shrinkage" is the industry term for loss, usually the result of theft. The organized crime rings, made worse by corporate hands-off approach to stopping thefts in progess, need to be addressed more aggressively.



Dicks's Sporting Goods (DKS) stock tumbled more than 20% Tuesday morning after the sporting goods retailer said organized retail crime has cut into its profits.

"The biggest impact in terms of the surprise for Q2 primarily came from shrink," Dick's CFO Navdeep Gupta said on the company's earnings call. "We thought we had adequately reserved for it. However, the number of incidents and the organized retail crime impact came in significantly higher than we anticipated, and that impacted our Q2 results."

Dick's Sporting Goods stock tanks as retail thieves snatch profits

Retail crime weighed on Dick's Sporting Goods profits in the second quarter and has the retailer lowering its outlook for the full-year.

www.yahoo.com

Dick’s is a woke liberal company that is blaming woke liberal soft-on-crime policies for low profits

Now I’ve heard everything

 

[Cellblock2429]

"Shrinkage" is the industry term for loss, usually the result of theft. The organized crime rings, made worse by corporate hands-off approach to stopping thefts in progess, need to be addressed more aggressively.



Dicks's Sporting Goods (DKS) stock tumbled more than 20% Tuesday morning after the sporting goods retailer said organized retail crime has cut into its profits.

"The biggest impact in terms of the surprise for Q2 primarily came from shrink," Dick's CFO Navdeep Gupta said on the company's earnings call. "We thought we had adequately reserved for it. However, the number of incidents and the organized retail crime impact came in significantly higher than we anticipated, and that impacted our Q2 results."

Dick's Sporting Goods stock tanks as retail thieves snatch profits

Retail crime weighed on Dick's Sporting Goods profits in the second quarter and has the retailer lowering its outlook for the full-year.

www.yahoo.com

/---/ Dick's gets what they deserve. Their profits shrink, and their stockholders get stiffed, while the staff are forced to go limp while wankers clean the shelves. It's time for the erection of security gates to stop the pricks.

 

[odanny]

Dick’s is a woke liberal company that is blaming woke liberal soft-on-crime policies for low profits

Now I’ve heard everything

How do you know this? You keep track of companies that are "woke"? What did Dick's do that earned them such ignominy?

 

[Mac-7]

How do you know this? You keep track of companies that are "woke"? What did Dick's do that earned them such ignominy?

I'll let them tell you in their own words

DICKâS Sporting Goods Diversity, Equity & Inclusion - Our Journey

Experience the tangible ways we’re making significant advancements in diversity, equity and inclusion

www.dickssportinggoods.jobs

They also do not sell the AR-15 or other guns that resemble “weapons of war”

 

[Cougarbear]

I don’t get some of you. I get it that you don’t like the store. But you forget why their bottom line is down 20%. It’s not because you think it’s a bad store. It’s because Democrats have defunded the police and went to no bail, legalizing theft for under $1,000 and let criminals out and do it again and again and again. Do you support the Democrats way of administration of justice?

 

[citygator]

Dicks is a really good company with really good stuff. They are EXPENSIVE. The wealthy arent piling money up right now as fast as usual since the bottom of the pyramid is gaining a bit so they have cut back spending on Dicks. Plus they killed it covid years as everyone did outdoor sports and lounged around working from home in NIKE sweats. People are going back to work, getting busy, travel overseas vs parks... lots to impact them.

 

[Missourian]

"Shrinkage" is the industry term for loss, usually the result of theft. The organized crime rings, made worse by corporate hands-off approach to stopping thefts in progess, need to be addressed more aggressively.



Dicks's Sporting Goods (DKS) stock tumbled more than 20% Tuesday morning after the sporting goods retailer said organized retail crime has cut into its profits.

"The biggest impact in terms of the surprise for Q2 primarily came from shrink," Dick's CFO Navdeep Gupta said on the company's earnings call. "We thought we had adequately reserved for it. However, the number of incidents and the organized retail crime impact came in significantly higher than we anticipated, and that impacted our Q2 results."

Dick's Sporting Goods stock tanks as retail thieves snatch profits

Retail crime weighed on Dick's Sporting Goods profits in the second quarter and has the retailer lowering its outlook for the full-year.

www.yahoo.com

Defund the police!