Dick's Sporting Goods shares took a huge beating on Tuesday after the retailer reported weak sales despite the bankruptcy of a key competitor and announced job cuts.
The sports gear chain said first-quarter comparable sales, which include
online sales but exclude business at newly opened or closed stores,
rose 2.4%, below its own earlier projections and those of Wall Street
analysts, who on average expected 3.6% growth, according to Consensus
Metrix. . . . more