Dicks Sporting Goods Stock Plunges Following Revenue Miss

Dick's Sporting Goods stock dropped more than 16 percent in early trading on Tuesday, August 25, 2026, after the company posted lower-than-expected earnings and reduced its financial forecast due to a challenging domestic market.

Shares of the retailer fell 16.9 percent to just under $149, setting the stock on course for its sharpest intraday decline since August 2023, according to Forbes.

The company recorded quarterly revenue of $5.59 billion and earnings per share of $3.53, missing analyst projections of $5.64 billion reported by FactSet data.

Following a 3.6 percent drop in comparable store sales, the company lowered its annual net sales outlook to between $22.1 billion and $22.4 billion, while revising projections for Foot Locker sales down by 2 percent.

Corporate executives pointed to difficult market conditions in the athletic footwear and apparel sector when explaining the reduced forecast.

"Taking a more cautious view," said Lauren Hobart, CEO of Dick's Sporting Goods, while remaining "highly confident" in the company's business strength and the "long-term opportunity" at Foot Locker.

The company acquired Foot Locker last year for over $2 billion to expand internationally, though the deal generated nearly $100 million in charges, including $42 million spent clearing inventory.

Industry peers have also struggled, with London-traded JD Sports seeing its shares drop over 13 percent last week following a 7 percent sales decline in North America.

Prior to Tuesday's trading slump, shares of Dick's Sporting Goods had already decreased 10.4 percent during the current year.