Bear of the Day: Dick's Sporting Goods (DKS)

DKS missed on both lines and cut its outlook, sending a stock already down more than 30% year-to-date to fresh scrutiny.

The company reported adjusted EPS of $3.53 and revenue of $5.6 billion. Both figures fell short of consensus estimates. Earnings declined 20% year-over-year, a steep drop that shows profit pressure extending beyond a single soft quarter.

Management then lowered its fiscal 2026 adjusted EPS outlook to a range of $11 to $12. The company pointed to weakness at its Foot Locker subsidiary as the driver behind the reduced guidance. That attribution is notable: the acquired business, rather than the core DKS operation, is cited as the source of the shortfall.

The year-to-date decline of more than 30% has erased several years of gains, according to Zacks Investment Research, which labeled the stock its "Bear of the Day." Interpretation: a double miss paired with a guidance cut tends to reset analyst models, and the Foot Locker explanation raises questions about how quickly that segment can stabilize.