Dick's Sporting Goods shares skid as revenue, profit and same-store sales fall
Dick's Sporting Goods Inc. shares DKS, +2.75% slid 3.5% in premarket trade Tuesday, after the retailer posted another quarter of falling profit, sales and same-store sales. Pittsburgh-based Dick's said it had net income of $102.6 million, or $1.07 a share, in the quarter, after earnings of $116.0 million, or $1.11 a share, in the year-earlier period. Adjusted per-share earnings came to $1.22, ahead of the FactSet consensus of $1.06. Sales fell to $2.49 billion from $2.
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