Dick's Sporting Goods stock falls 15% as retailer misses expectations, cites 'challenging' footwear market

A Dick's Sporting Goods retail store is seen on May 15, 2025 in Austin, Texas. Brandon Bell | Getty ImagesDick's Sporting Goods on Tuesday reported quarterly earnings that missed Wall Street expectations and lowered its outlook for Foot Locker amid what it called a "challenging athletic footwear and apparel marketplace."Dick's stock fell roughly 15% in premarket trading Tuesday.The company said Dick's stores saw 4.9% comparable sales growth for the quarter driven by "broad-based growth" across categories, including strong results from the World Cup. However, Dick's said Foot Locker saw comparable sales decline by 3.6%, leading the company to revise its outlook to for the Foot Locker business to a range of flat to down 2%. It still expects the Dick's business to grow between 2.5% and 4%, but the company lowered its overall net sales outlook for the year from a range of between $22.1 billion and $22.4 billion to a range of between $21.9 billion and $22.2 billion. The company lowered its consolidated operating income outlook from a previous range of between $1.69 billion and $1.81 billion to a range of $1.45 billion to $1.55 billion.Here's how Dick's performed in its second fiscal qua...