Tough read on golf demand from Dick's

|About: Dick's Sporting Goods, Inc. (DKS)|By:, SA News Editor

Execs with Dick's Sporting Goods (DKS -1.2%) delivered a somber outlook on demand for golf apparel and equipment during the firm's conference call yesterday.

The company saw sales drop 10% at its Golf Galaxy business and decline at a high single digit rate at Dick's stores.

"We don't feel we found that bottom yet in the golf sales number," warns management.

Callaway Golf (ELY +0.5%) is the company standing in harm's way if golf demand stays weak.

Earnings call transcript