Anti-Gun Dick’s Sporting Goods Reports “Deeper Than Expected” Losses

By Ammoland

by Chad D. Baus

USA – -(Ammoland.com)- Fortune magazine is reporting on the “tumbling” stock price of Dick’s Sporting Goods, a company which recently made headlines for having decided (again) to stop selling modern sporting rifles in the wake of the school shooting in Parkland, FL, and for discriminating against military-aged persons under 21 who wish to purchase a firearm.

According to Fortune, Dick’s is experiencing “deeper than expected” losses and sinking stock prices.

From the article:

Only weeks after winning accolades from gun-control advocates for ending sales of assault rifles at its Field & Stream stores, Dick’s posted a deeper-than-expected sales decline. Its stock sank the most in four months Tuesday in the wake of the quarterly report, which reflected struggles with excess inventory and deep discounting.

…

Shares of Dick’s fell as much as 7.3 percent to $30.19 in New York, the biggest intraday decline since mid-November. They had climbed 13 percent this year through Monday’s close.

“There’s going to be some pushback and we expected that,” CEO Edward Stack said in an earnings call with Wall Street analysts. “There are going to be the people who don’t …Read the Rest

Source:: AmmoLand