Dick's Sporting Goods (DKS) reports same store sales (unshifted) rose 1.2% during Q2 - compared to guidance of 3.5%-4.5% - as a "sluggish" consumer environment was too much to overcome.
SG&A expenses as a percentage of sales up 37 bps to 22%.
Dick's full-year EPS outlook is revised down to $2.60-$2.65 vs. $2.83 consensus. Comp sales seen declining 2% to 3%. (PR)
DKS -4.3% premarket.