Dick’s Sporting Goods is starting to feel the effects of its anti-gun policies. (Photo: Mike Mozart/YouTube)
Earlier this year financial analysts hoped Dick’s Sporting Goods could continue to post strong sales numbers even after imposing a slate of anti-gun policies. Today that projection sounds more like wishful thinking than anything else.
Dick’s shares fell by as much as 10 percent today after the company announced a 1.9 percent drop in same-store sales, more than twice as large as analysts’ average estimate of a 0.62 percent dip. Dick’s net sales rose by nearly 1 percent to $2.18 billion, but that mark also fell below the average Wall Street estimate of $2.24 billion.
Edward Stack, the company’s CEO and Virtue Signaler in Chief, blamed a decline in their hunting department as well as new policies by Under Armour for the same-store sales numbers.
“Sales were impacted by the strategic decisions we made regarding the slow growth, low margin hunt and electronics businesses, which accounted for nearly half of our comp decline,” Stack said in a press release. “In addition, we experienced continued significant declines in Under Armour sales as a result of their decision to expand distribution.”
By “hunt,” of course, Stack means, “firearms.” He’s also referencing Under Armour’s decision to start selling its products in low-price outlets like Kohl’s, which makes it more difficult for Dick’s to sell at its traditionally higher prices.
SEE ALSO: Dick’s Sporting Goods Reports ‘Accelerated Decline’ in Hunting Sales
Stack nonetheless remained confident in the future of the company.
“We are very confident our sales trajectory will improve next year as these headwinds are expected to subside,” he concluded.
Still, the company continues to be concerned that its anti-gun policies will affect sales. Buried in the earnings report, they list “negative reactions to our policies related to the sale of firearms and accessories” as one of the factors that might throw a wrench in their optimistic future projections.
Sportsman’s Warehouse, by contrast, posted strong second-quarter numbers, buoyed largely by a massive uptick in gun sales. The company saw an 8.3 percent uptick in their firearms category, which they attributed to “certain decisions” by their “competitors.”
Dick’s announced after the Valentine’s Day massacre at a high school in Parkland, Florida, that it would no longer sell AR-15 style rifles and 30-round magazines. It also no longer sells firearms to customers under the age of 21.
“Dick’s shares fell by as much as 10 percent today after the company announced a 1.9 percent drop in same-store sales, more than twice as large as analysts’ average estimate of a 0.62 percent dip. Dick’s net sales rose by nearly 1 percent to $2.18 billion, but that mark also fell below the average Wall Street estimate of $2.24 billion.”
If same store sales are down, but net sales are up, is the increase in net sales because new stores have opened?
If Dick’s didn’t want to sell AR-15 rifles any more, why didn’t they donate them to the military or law enforcement instead of destroying them?
BYE BYE BABY….it’s not too soon. We speak with our dollars , nuff said
So Dicks overall sales went up. But less than Wallstreet estimates. So it’s considered a loss. What kind of bullshit article is this.
Dicks decision to not sell at-15 style rifles is their decision as well as it is ours to not shop in their stores. They have a right to not sell an item. What they don’t have a right to do is restrict sales based on federally regulated age allowances. What if they refused to sell firearms to law abiding minorities or people of certain religions or sexual orientations. Not selling to people between the age of 18-20 is a violation of federal firearm laws. What if they looked at statistics and said they won’t sell a firearm to an African American male because they statistically commit more firearm crimes than the national average?(I don’t know if that’s the case at all. Just using this as an example) there are federal rights laws for a reason. Why aren’t they getting their asses sued off? Why isn’t the federal government stepping in and stopping this prejudice?
I hope they sink. Dick’s made their own bed and now they can sleep in it
Dick’s made a very bad business decision and they will pay for it with their business sales dropping until the shareholders bail and dick’s closes down. Let that be a warning to all business who try to do the same …
Good bye to Dicks Sporting goods. they are supporting criminals as the Socialist Democrats and others. They are treasonists criminals as they are supporting the abolishment of the constitution of the United States of America. Get out and vote straight Republican midterm election November to stop this terrorism against or constitution of the United States of America!
What these morons need to do is look up Sportsman’s Warehouse….. They had another record quarter! They are a real sportmans store who do not try to stop our 2nd ammendment. Dickhead need to learn who the real sportsmen are. Their stupid latest idea is to sell more baseballs and tennis shoes. They hope that will make up for the loss. Me…..I tell everyone to not go there as they are not America lovers, who try to manipulate the buyer, and hope all buyers & everyone they know to do the same. DO NOT GO TO DICK FOR ANYTHING!
I’ve been shopping at Dick’s for years…Not anymore. I despise anti-constitutional companies and will always boycott any that I find that are. Most liberals are NOT Sportsmen. Dick’s will have to close their doors to appease a liberal agenda. Stupid is as stupid does!!!
You people have the wrong approach. Dick’s is a great place to go – and take a dump – and leave it – unflushed.
“Dick’s” The name says it all.
Went into a local Dick’s and started looking around. A rep asked if she could help me find something. Told her I was just price listing items of interest so that I could buy elsewhere.
She looked puzzled so I explaianed that I will not linger but anything from Dick’s because of their anti-Constitutional stance against law abiding gun owners. Left her stunned! LMAO!!
Found out that I could buy most items at lower prices elsewhere anyway!
Lets not forget; not only did dicks stop selling AR’s, …..Worse they have hired a team of lobbyists…. yes a full time team of lobbyists to lobby senators and congressional leaders FOR GUN CONTROL LEGISLATION.
If Dicks simply decided not to continue selling certain types of rifles….well OK, but hiring a team of anti-gun lobbyist is fundamentally against our 2nd Amendment RIGHT in our Constitution!
Shame on Dicks, and to Hell with their Business. They don’t deserve any sportsmens support. Whats next ?….Anti-Fishing, because Dicks feels that it is cruel to the fish. Lets support their competitors and drive Dicks earnings down ! They don’t deserve our patronage.
I’m hoping they continue to plummet in sales and stock, you piss on our constitution we return the favor by pissing on you and your crappy company.
I will purchase from your competition as they are not Dick’s.
I was just about to consider making my first on-line purchase from Dick’s (they don’t have a brick & mortar store in Hawaii) when the whole Sandy Hook episode and its aftermath struck. I couldn’t believe Dick’s response: Quit selling certain types of guns when (I’m told) that was one of you main sources of revenue? Forget the fact that you’re now politically 180 degrees opposed to selling to me, a potential new customer; now, you’ve alienated a huge portion of your existing customer base. I will now not only never consider purchasing anything from your firm due to your nutty “pc-ness”, I won’t buy anything from you because you’re (commercially speaking ) stupid! Good God! Is that what they’re teaching in business school, these days…achieve business success by driving away consumers? Well, I’m not surprised. The quality of American education, like Dick’s business, has been steadily drooping ever since the left (and please don’t call them liberals; there’s nothing liberal about what they advocate doing to the rest of us.) got the American education system and the media by the short hairs back in the 70s & 80s. Seems to me what’s called for, now, is dose of good ole’ Conservative Viagra to stiffen Dick’s up a bit.
I’m glad that Dick sporting goods store stock is dropping by 10 percent. I just wished was more. If there is any company that sells to the people let me tell you a secret you can’t make it with out the people and we will not support a company that doesn’t support the NRA.
Maybe the Democrats will bail them out of chapter 11. I do not shop their anymore!
This is what happens when decisions are made based upon emotions and not thinking everything through. Dick’s went into virtue signalling mode after Parkland, hastily enacted anti-2A policies, and now the chickens are coming home to roost.
Couldn’t be happier. Let the Socialist know we aren’t going to support STUPID !!!!
I will watch football before I ever go to Dick\’s.
And I will never watch football.
I will watch football before I ever go to Dick’s.
And I will never watch football.
Well, they reacted with emotion rather than thought–the hallmark of liberalism.
My local Wal Mart has the same policies as Dicks.
I thought Dick’s was one of those queer gathering places/clubs.
Dick’s not only lost my business, they lost the other 5 peoples’ business in my home, my Mom & Dad, Mother-in-law, hell they lost another 20-30 peoples’ business just among my brother’s, sister’s, brothers in law’s, & sisters in law’s families! That’s probably 35 peoples’ business in one family – not to mention all my neighbors and friends. Damn, I’m glad none of us own Dick’s Stock!
They will not get 1 cent of business from me. They wouldn’t notice that loss I’m sure but I have the satisfaction of doing my part.
Dick’s can blow me. I’m an FFL and a SOT and sell a fair number of guns. I’ve never bought from Dick’s because of their pricing. I’ve blocked their mailings to FFL’s and will not transfer a gun to a customer if they bought it or are thinking of buying it from Dick’s…. or Bud’s for that matter. Bud’s morons that run the phone sales and the GunBroker sales (not the nice lady who answers the main phone and tried to help me) are proof that guys do mate with their own sisters down there….
I live in the town where Dicks got their start. I can remember when they had decent prices and deals. My last gun there was a Rem.1187 which I bought from a salesman who was a friend. ( He let me choose from about a half a dozen to get the best grain pattern) . This salesman told me back then, in the 90’s , that Dicks really didn’t want to sell firearms at all, but still did anyways. Shortly thereafter , they quit selling handguns. Now it’s progressed to the AR platform.
To me , it’s no big deal. I , like many others here, no longer patronize them. They will survive without my business, as I will .
The silver lining: Many other decent dealers will welcome my business and treat me right.Far better prices elsewhere!
Good bye Dicks!
I won’t buy a pair of socks or anything else at any Dicks store, idiots cut their own throats.
Y’all are missing the real point here….
Where are the libturds in making up for all the lost revenue in gun sales keeping Dick’s afloat?
Once again the socialist libturd agenda has failed one of their true believers and will soon crumble under misguided and stupid management. Brick-n-mortar stores have enough problems with the me-now generation of consumes!
When will Dick’s Stockholders boot the stupid Board and take control trying and save their investments?
Until then – may Dick’s burn-in hell/poverty.
So much HORSE CRAP! I know the gun nuts would love to be able to claim that they ran DICK’S SPORTING GOODS out of business… but telling a LIE isn’t going to cut it.
Dicks stock symbol (DKS) is easily searched using GOOGLE. You should try it sometime….
DKS Sept 1, 2017 – $26.72 USD
DKS Aug 30, 2018 – $36.19 USD
A GAIN of $9.47 over the last year. That is a TWENTY SIX PERCENT INCREASE… not a 10% loss….
I know…. MATH isn’t most right wingers strong suit. But Trump does love the “POORLY EDUCATED”!!!
Brian Moore… We are right wingers… as you so equivalently put it. We support Trump… and my son just got 100% on his SAT math section. But as a republican or right wingers as you put it, I rather be “Poorly Educated” than a “Left Wingers” puppet.
Even the poorly educated have a chance to think for themselves and not be control to the point where the lefties think there really is (70) seventy or more different genders.
DKS Sept 1, 2017 – $26.72 USD
DKS Aug 30, 2018 – $36.19 USD…………. Should have been as per the anticipated projection. $44.00 – $48.00
So who laughing now?
Bison: you’ve touched on a very large elephant in the room. Most voters are suckers and will believe whatever panders to their little emotional belief system. They do not think farther than what they’re fed. And, as long as they’re fed, they’re happy to vote for the democratic candidate who promises them free stuff and villainizes anyone who disagrees with them.
Thanks for your insight. Greatly needed on this topic.
Stock did fall because Q2 sales expectations fell short and the market reacted. Dicks made a business decision and it has had an impact on sales and they are having sales slumps with other products lines. Better places to purchase firearms anyway. Dicks can cater to the poseurs who want to buy the latest fashions in athletic wear.
Their are no lies, unless Dicks is cooking the books.
There is reason our gun rights were number 2 in a list freedoms of coveted the rights, it was that important! Then and now! The CEO of dicks should hold the shooters accountable rather than law abiding freedom loving customers. Well, ex customers.
.
Do you know the biggest difference between Walmart and Dicks? —- Dicks got the name right!
Never Been in a Dick’s, thought it was an accessory shop for the Male Appendage,…now I know I wont go there~!
I’m doing my part to put these anti-American losers out of business.
It’s simple, Dicks Sucks!
They’ll have 1 store left right downtown LA that specializes in cell phones so all those loud mouth Hollywood wanna be’s can have something to call the police when someones braking into their home. When the armed guard is off for the weekend.
Dick’s will blame the closing of their stores on White Supremacy, racism, misogyny, and let’s not forget Donald Trump too.
I’ll never shop at Dick’s or allow my wife and kids to shop there. Even if they change the policy they have already shown who they really are.
People who buy guns buy Under Armor products. Dicks killed two birds with one stone.
I’m sure that they can make up their lost sales by selling spandex bicycle costumes to the metrosexuals that are their only remaining customers. As for me, I have not been in one of their stores since their policy change, nor will I be in the future.
Don’t be a Dick. Shop else where.
Keep it up Dick’s. You will soon be only selling to liberals. If not now.
Dick’s was overpriced to begin with and has now betrayed it’s customers. They are heading down the same path as Toys R Us. Good riddance…..
And… Gander Mountain.
I am just a stupid immigrant turned redneck, but I will say that the management at Dick’s beat me by far in stupidity, A gun store that goes anti-gun, WOW that is just genius.
I haven’t stepped inside their store since their gun policy change. Period.
The same applies to me and my entire family. We do not plan to even consider them as long as they choose not to honor the law.
Prices were and are high. I shopped there because thy tried to tell me they were associated with the N.R.A., that was a lie. But the biggest reason is quite simple. They STOPPED SELLING Modern Day Sporting rifles. So my message to Dick’s SUPPORT THE SECOND AMENDMENT and go back to selling Sporting Rifles or swim with the fishes. Tackle is all you have left that cannot easily and much more inexpensively be purchased somewhere else. I feel your days are numbered Dick’s, and no that is in no way a threat.
Gun policy was only another reason not to shop there. Their prices were very high. I get that brick and mortar shops need to charge a little extra to cover overhead, but honestly their prices were just not in the realm of competitive. I mean some of the stuff they sold you can get at outfitter shops for a lot less.
They have have sales, where their prices were actually the lowest for what people in my family were primarily interested in (mainly ammo). But, we can find the same thing(s) at other stores without the ‘attitude’.
I went in to Dick’s just to let them know that because of their gun policy. I would no longer buy anything at Dick’s!
hope Dicks chokes on their policy
Haha! They might as well have elected David Hogg as CEO. Same outcome…..
Did not go there . Hope they go under.
Well, the stock price has completely recovered, but they are still dicks.
They should have thought their decision thru more thoroughly. They alienated a majority of their paying customers with these stupid decisions. First Sports Authority did the same thing and look what happened to them. Yes after sandy hook they pulled the same Dick head move as dicks. You think even these moronic liberals that run dicks would have seen that stupid move that cost them their business. Then they bought Sports authority out, and do the same thing after Parkland. Now they will pay for it we all hope. Stupid decisions by both companies. Again you can’t expect to remain n business and alienate half the country. The half that was much more a customer than the others.
As soon as Dick’s came out with their new gun policy, that was it for me going there. A big company like that letting kids run there company is OUTRAGEOUS ! instead of looking into the real cause of gun violence in today’s society they jump on the band wagon with their tails between their legs. I, and I would hope that clear thinking people see this move as dumb and stupid to say were going to stop selling fire arms, but as you look at other stores they all sell fire arms. I think that cutting off your nose to despite your face is not the place that you want to go. It would have been better if they stated, with each fire arm and related accessories sold we are giving half the proceeds to study the REAL reason behind all these shooting and help stop gun violence. They would still do well in there profits and show people that they want a hand in helping in this gun problem. Until this happens, I I’m happy to see the clear thinking people out there in America stepping away from this STORE !!
We warned them when management made their stupid decision to bite the hands that feed them. Now, te stockholders will suffer.
Hope their stock drops another 80%!! Maybe then they’ll understand that being anti-American demorats will brake them!!!
What does a Sporting Goods Company expect. The board and CEO have to be polyanna liberals for them to believe their actions wouldn’t have major repercussions. They should have done a marketing survey to learn that (I am speculating here) the majority of their clientele are conservatives in addition to firearms enthusiasts. Neither of which will be supportive of their unconstitutional stance.
A friend told me they saw a sign on a gun shop window while on vacation. “We sell AR15’s because we aren’t Dick’s.” Haha..
You need to check out field and stream they are part of dicks
Dicks sporting goods store was my favorite place to shop but not anymore . Since they caved in to anti gun laws I haven’t been back .
Serves them right. They made their bed and can now lay in it. I will never be a customer of theirs again.
We have a Dickless here in Ocala Fl. Never did like em, To over priced, Never bought a Firearm from them, Always bought from local small arms dealers in the area. Everyone should support there local firearms stores! I hope Dickies goes Down the Tubes!
I no longer buy anything from these POS.
I used to purchase ammo and other firearm products at Dicks on a regular basis, until they caved in with the anti-gun propaganda. Haven’t shopped there since.
Lifetime NRA Member
Bob P.
Pennsylvania
I used to shop at Sports Authority until they went out of business locally. When Dick’s decided to open in one of the old locations I was excited, then they made that decision to be part of the anti-gun crowd. I will never set foot in any of their stores again. I have two boys in several sports and spend more than $1000 per year on gear for them. Non of that will be going into Dick’s stores. I am not alone either, the majority of my circle of parents feel the same way.
Never bought anything there. Now I never will.
Feckless! Enough said.
Dick’s cut their OWN throat. When I USED to shop there, I found OTHER locally owned stores that appreciate my business.
Typical liberal response, blaming decline in stock value on suppliers who quit selling to them, never admitting their own decision to adopt a leftist policy on firearm sales had anything to do with it. Hope they go out of business completely.
No gun or ammo company should sell anything to dickless.
I ask you, if you were opening a new retail establishment, would you name it Dick’s?
I rest my case.
I purchase a shotgun at Ricks about 3months befor there ill thought out decision to stop selling AR style rifles.I had wished i never purchased my Shotgun there and decided that would be the last time i ever walked into “Dicks”.But to be honest it was the 1st time i had ever been to dicks since the model of firearm i purchased was so cheap i thought i had to go check it out.Now that i have and they maid there mistake i will never be back!
I hope they go broke!
I vowed to never step foot in their stores after the ban and have kept to my word.
hope they go broke and put in pro bass shop there . i never step foot in the place.
when ever i drive by nobody there,
I won’t shop at Dicks sporting goods anymore either. I used to like to the store, there prices are to high. But there views on guns have driven me away. There not getting a penny from me anymore .
we can only hope it keeps going that way.
I have been boycotting dicks since sandy hook. I have never set foot in their stores here in tulsa and I never will.
Academy Sports is where I took my business to these days.
The academy sports that keeps logs of your ammo purchases for the govt?
Get WOKE – Go BROKE!
The new rallying cry for Pro-gun enthusiasts!
NOT only does the Dick’s local to my area no longer sell AR’s but they no longer sell AMMO for them nor for AK’s. EFF THEM!! NEVER set foot in there again.!! AND, NO ONE within my Sphere of Influence will either!!! Dick HAS to learn, where Guns are concerned, you are NOT ALLOWED to make a mistake!! MOST OFTEN the FIRST mistake is the LAST mistake!!!
I’ve spent thousands of dollars there and Gander mountain at the time, but since the ban, not a penny, but still get their adds to comparison shop at local dealers, and they will usually at least try to match the prices, but if close I’ll pay the extra or hold off!
I drive by one twice per day and I haven’t set foot in that piece of shit store ever since they went anti AR-15. Screw them!! I hope they go bankrupt. I also made sure none of my retirement investment accounts were supporting the sorry sonsofbitches.
Dick’s could finish off their stockholders by just allowing men into women’s restrooms like Target did. Stupid corporate decisions based on emotion do not serve the buying public nor the investors.
Dick’s used to be my go-to store, even if the prices were a little higher. Local roots and all.
Now, after their decision, which makes me sick, I won’t buy anything there. If they are the only supplier, I will do without.
It feels good to know , we the legal,law-abiding people will band together stand up for our 2nd A rights. We know the real facts and figures. Criminals do not care about the law. Criminals buy off the street. They have no impact on Dicks (They do not have the money or the credentials to buy a firearm anywhere legally. I used to be a stockbroker. All you need is to own 1 share of stock, and the board must let you vote and voice your opinion. They try to get smaller share holders to sign over their vote (Proxy) to whom they deem desirable. My point, as they are publicly traded you can be a thorn in their foot, if voiced your financial concern properly. You would have to slam the policy and focus on money. The only time I sold stock to people who did not care about the $ was when Mustang Ranch, a brothel in Nevada went public to pay off a tax bill. My clients just wanted the certificate of stock so they could frame and hang on their wall. They are rock stars. Go figure. They lost their investment. No worries.
Dicks and Field and stream should fail, How crazy is in a gun store that they will not sell an AR-15. Maybe they would have better luck selling kitchen and cook ware!
Quit going to Dick’s and turned in my card. Won’t spend a penny there. Go to Bass Pro or Sports Academy if need it quick and online for other stuff can wait on.