Seeking Alpha

Sporting goods sellers caught up in sharp sell-off

  • Dick's Sporting Goods (DKS -16.1%) sinks to near a two-year low in a shocking drop after the company resets sales and profit expectations.
  • Though the company has a vibrant e-commerce channel, its massive retail footprint keeps scale an issue on the cost side. Weak demand for golf and hunting products also caught analysts by surprise.
  • The read from Dick's is creating a selling wave across the sporting goods sector.
  • Decliners: Cabela's (CAB) -5.4%, Big 5 Sporting Goods (BGFV) -3.7%, Hibbett Sports (HIBB) -2.2%, Callaway (ELY) -4.7%, Nautilus (NLS) -1.9%.
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