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Dick's skids on tariff uncertainty

May 29, 2019 11:39 AM ETFL, DKS, HIBB, BGFVBy: Clark Schultz, SA News Editor
  • Dick's Sporting Goods (NYSE:DKS) is down 5.59% after showing off a post-earnings gain in the premarket session.
  • Investors may be latching on to the disclosure by Dick's management on a conference call that the 25% tariff instituted by the U.S. earlier this month was not factored directly into its full-year guidance issued today (although it is cautious with sales expectations).
  • Related stocks taking a hit today off the Dick's print and a couple of other retail earnings disappointments include Foot Locker (FL -3.4%), Hibbett Sports (HIBB -4.9%) and Big Five Sporting Goods (BGFV -5.7%).

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