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Dick's Sporting Goods shares fall after profit, sales miss expectations

The retailer also cut its full-year outlook, a move MarketWatch links to slowing demand for retro sneakers and broader footwear weakness.

Reported · Written up by our desk · Equities

Dick's Sporting Goods shares tumbled after the company missed expectations on both profit and sales, according to MarketWatch.

MarketWatch reported that Dick's also reduced its full-year outlook, underscoring heightened pressure on its business as shoppers pull back.

The outlet said the selloff extended beyond Dick's, weighing on other footwear-focused retailers as sentiment toward retro sneakers and related styles weakened.

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