Dick's Sporting Goods Blames Warm Winter for Slow Holiday Season
Dick's Sporting Goods blamed a warm winter for a slow holiday season.
Photographer: Ron Antonelli/BloombergThis article is for subscribers only.
Dick’s Sporting Goods Inc. slid the most in more than three months after posting disappointing fourth-quarter results and providing a forecast for the current year that trailed analysts’ estimates.
Earnings fell to $1.13 a share in the quarter through Jan. 30, the Coraopolis, Pennsylvania-based company said Tuesday in a statement. Analysts projected $1.15, on average. Dick’s forecast for profit of as much as $3 a share this year missed analysts’ $3.25 average estimate.