Anti-Gun Dick's Sporting Goods' shares slide by 12%

[Bouncer]

:clapback::clapback:

What a surprise. Anti-Gun frapachino drinkers aren't pouring into dicks. This is important long term because dick's famously took a very strong anti-gun stance a couple months ago. This was applauded by anti-gunners and seen as a victory. Let's see how long that victory lasts as virtue signaling backfires in their face.

Shares of Dick's Sporting Goods plunged by as much as 12 percent in premarket trading Wednesday morning after the retailer said it sold less merchandise during the second quarter than analysts were expecting.

Sales at Dick's Sporting Goods stores open for at least 12 months also tumbled by a bigger-than-expected 4 percent during the quarter ended Aug. 4

Dick's was one of the first businesses in the U.S. to stop selling assault rifles and high-capacity magazines, additionally barring the sale of guns to customers under the age 21, following a massacre at a Florida high school earlier this year. The company had predicted this move could hurt sales but also would draw more shoppers to its stores.

https://www.cnbc.com/2018/08/29/dick...forecasts.html

[lipripper]

FUCK DICKS!! The wife is buying me a new shotgun for my BD. I want a Benelli Super nova. Right now all local places are out of them..get this..except Dicks... She was like lets go get it...NOPE... I found one thru Cabelas..nearest one is in Agusta GA 2 1/2 hour ride from here. Ordered it on line they are supposed to have it in the store next sat. Id rather take the drive and spend the day in Agusta with the wife, hit a nice restruant for lunch and check out some historic shit then go 10 min to Dicks n pick it up... FUCK THEM!!!

[chuckz28]

To be fair, I think they're going to be ok with a 4% loss of sales. I'm sure some of that can be attributed to online sales from Amazon. Amazon has been eating into all retail stores sales.

[Bouncer]

To be fair, I think they're going to be ok with a 4% loss of sales.

4% loss every quarter for the next 5 years is the goal i'm hoping for. :D

[lipripper]

heres the thing..why was dicks the only gun shop in 100 miles that had the gun in stock? cause folks aint buying the guns there...LOL

[Bouncer]

boom! this makes me all warm and fuzzy.

----------

Dick's Sporting Goods admits suffering gun policy backlash as sales slide


November 29, 2018 10:56 AM

Sales at Dick's Sporting Goods dropped in the past three months amid backlash against tighter gun-sale restrictions following a mass killing early this year at a Florida high school.

Revenue dipped 4.5 percent to $1.86 billion amid challenges in the company's hunting business during the quarter through Nov. 3. Sales at stores open at least 12 months – a key metric for the retail industry – fell 6.1 percent compared to the prior year.

Dick's raised the minimum age to purchase a gun to 21 and stopped selling assault rifles last February after a Valentine's Day shooting in Broward County that left 17 students and staff dead. The decision sparked opposition from conservative activists, some of whom had proposed arming teachers in response and threatened to boycott the brand, and prompted at least one employee to resign.

While Chief Executive Officer Edward Stack previously said the firearms policy brought in new customers and sales were reported as flat in August, Dick's has now warned that "negative reaction" could affect future results.