Dick’s Sporting Goods’ stock slammed
after earnings miss by a wide margin.
The reason was shoplifting.
Posted By: Hazymac, 8/22/2023 12:30:18 PM
Dick’s Sporting Goods Inc.’s stock tumbled 22% Tuesday, after the retailer’s second-quarter profit missed consensus by a wide margin, while sales also fell short., and the company squarely blamed theft for its woes. It was the company’s first earnings miss in three years. The last time Dick’s missed profit and sales consensus was in April of 2020, when it was reporting first-quarter earnings for that year. “While we posted another double-digit EBT margin, our Q2 profitability was short of our expectations due in large part to the impact of elevated inventory shrink, an increasingly serious issue impacting many retailers,” said CEO Lauren Hobart in a statement.
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Happy Wednesday, dear Kruiser Morning Briefing friends. (Snip) While catching up yesterday and reading about how horribly wrong things have been going in Maui, I immediately found myself back in the throes of being infuriated by the unholy alliance between leftist American politicians and the enemy of the people media.
Hawaii isn’t just run by leftists, it’s under the control of far, far-left ideologues. If there is a bad decision to be made in the service of the Climate Cult, it’ll be made. As Rick pointed out in a post yesterday, that seemed to play a big part in this tragedy:
About 85% of wildfires are human-caused — not by carbon emissions
Megan Rapinoe had a chance to make one more indelible mark on the U.S. women’s national team during the Women’s World Cup in the Round of 16 against Sweden – a penalty kick for the ages that would have helped the Americans to the quarterfinals.
Rapinoe stepped up to the marker and launched the ball high. Sweden came back and defeated the U.S. in the matchup. With the miss and the eventual U.S. elimination, Rapinoe and the squad faced a ton of criticism – from fans of the team to those who have turned analysts like Carli Lloyd and Alexi Lalas and even former President Donald Trump.
If you’ve read my stuff before, you know I’ve taken it upon myself to be the Paul Revere of the Great Reset, if Paul Revere drove a 2005 Mazda Tribute. #HateToBrag.
Klaus Schwab and his evil teams of toilet people aren’t trying to hide their plans for global domination. Quite the contrary, they write and speak openly about how they intend to impound our cars and purloin our sirloin for cleaner clouds or something.
FACT-O-RAMA! I’m trying to read “COVID-19: The Great Reset,” which is Klaus Schwab’s version of “Mein Kampf,” but it’s written for idiots and full of painfully obvious propaganda.
Here is a video of Klaus Schwab “imagining” a world where
Dick’s Sporting Goods Inc.’s stock tumbled 22% Tuesday, after the retailer’s second-quarter profit missed consensus by a wide margin, while sales also fell short., and the company squarely blamed theft for its woes.
It was the company’s first earnings miss in three years. The last time Dick’s missed profit and sales consensus was in April of 2020, when it was reporting first-quarter earnings for that year.
“While we posted another double-digit EBT margin, our Q2 profitability was short of our expectations due in large part to the impact of elevated inventory shrink, an increasingly serious issue impacting many retailers,” said CEO Lauren Hobart in a statement.
Just weeks before then-Vice President Joe Biden took the opposite action in late 2015, a task force of State, Treasury and Justice Department officials declared that Ukraine had made adequate progress on anti-corruption reforms and deserved a new $1 billion U.S. loan guarantee, according to government memos that conflict with the narrative Democrats have sustained since the 2019 impeachment scandal.
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The Biden administration and its media allies keep acting as if the massive southern border invasion is something out of their control. In reality, the administration has done everything possible to keep the border open.
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I'm going, as they say, far off the liberal reservation. And I have an admission to make, I'm a bit of a climate denier just as I'm a also an election denier. As for the latter, I join the dedicated Soros acolyte and bag woman nonsense- blathering Stacey Abrams and our successful President Donald Trump in this belief.
What NASA says about Jolly Old Mr Sun
But, getting back to the sun, read what NASA says about Jolly Old Mr Sun, our nearest star (NASA, Is The Sun Causing Global Warming)
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Donald Trump will beat the Georgia indictment and, for that matter, all the others. There’s one caveat, however. The joke going around now is that Trump is awaiting a new indictment for taking the tags off his mattress. To beat the left’s lawfare efforts — warfare by lawyers — to get Trump no matter how ridiculous the allegation, the rule of law will still need to be intact at the federal level.
Your skepticism is understandable.
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Dick’s Sporting Goods Inc.’s stock tumbled 22% Tuesday, after the retailer’s second-quarter profit missed consensus by a wide margin, while sales also fell short., and the company squarely blamed theft for its woes.
It was the company’s first earnings miss in three years. The last time Dick’s missed profit and sales consensus was in April of 2020, when it was reporting first-quarter earnings for that year.
“While we posted another double-digit EBT margin, our Q2 profitability was short of our expectations due in large part to the impact of elevated inventory shrink, an increasingly serious issue impacting many retailers,” said CEO Lauren Hobart in a statement.
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As RedState reported, President Joe Biden finally made it to Maui, having left his second vacation of the month to make a half-day trip to the island. That comes after devastating fires left over a hundred people confirmed dead with nearly a thousand still missing, including what is assumed to be many children.
From the moment Biden touched down, it was apparent that he wasn't taking the situation seriously (if he even knew why he was there), and once he started to speak, things only got worse.
In his first public appearance, the president decided to joke about how hot the ground was. He also brought up the death
Comments:
Organized theft is quickly killing traditional retail business. In some very blue areas businesses either are leaving or have left. Lock up criminals of prepare for more store invasions, and for more stock "walking" out the front door. And it's not just outsiders--insiders steal, too.