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Amid Dropping Sales, Dick's Doubles Down On Ditching Guns

After the Parkland shooting in February 2018, Dick's Sporting Goods announced that it was making some big changes involving gun sales. The company imposed an order for a firearm, banned the sale of "assault rifles" at its subsidiary Field & Stream stores (and had already banned them from Dick's Years earlier), and banned "high capacity magazines" at all its stores. …

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Comparable sales disappoint at Dicks Sporting Goods – Dick's Sporting Goods, Inc. (NYSE: DKS)

Dicks Sporting Goods (NYSE: DKS) fell 8% after comparable second-quarter revenues tumbled 1.9% to miss the consensus estimate for a 0.7% decline , Adjusted for the calendar effects, comparable store sales fell by 4.0% in the quarter. E-commerce revenue increased 12% to 11% of total revenue from 9% a year ago. The company's gross margin improved 80 basis points to …

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Dick's sporting goods destroy his unsold assault rifles

Dicks Sporting Goods will not return their unsold assault rifles to the manufacturers. Instead, the company says it has been chosen to destroy them all. Dicks announced in February – after schooling in Parkland, Florida – that it would stop selling high-capacity assault rifles and ammunition magazines across its territory & amp; Electricity stores where these items had been sold …

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