DICK'S Sporting Goods is trading 20% down at $143.40 after second-quarter earnings missed expectations and management sharply lowered its 2026 profit outlook.
- Non-GAAP EPS was $3.53, below consensus; revenue reached $5.59 billion.
- The company cited promotional pressure in athletic footwear and apparel.
- Foot Locker weakness and integration costs added pressure, while the broader market was modestly higher, making this primarily a company-specific earnings reaction.