DKS Stock On Track To Post Worst Single-Day Decline In 3 Years — Executive Chair Says Firm’s Taking A ‘More Cautious View’ Ahead
Executive Chair Ed Stack said that as the quarter progressed, conditions across parts of the athletic footwear and apparel marketplace became increasingly promotional, and the firm took action to stay competitively priced to protect and grow its leadership position. Second-quarter net sales stood at $5.59 billion compared to analysts’ expectations of $5.64 billion, according to … Read more