Dick's Sporting Goods' shares slide after missing second-quarter sales forecasts
August 29, 2018 at 07:59 AM EDT
Shares of Dick's Sporting Goods plunged by as much as 12 percent in premarket trading Wednesday after the retailer released second-quarter earnings that missed Wall Street sales forecasts. Comparable store sales also tumbled 4 percent during the quarter ended Aug. 4, more than expected, which was partly blamed on changes in Under Armour's strategy.