Dick’s Sporting Goods Suffers Terrible Earnings Report, Joins Other Big Box Retailers In Real Estate Hell

This is a syndicated repost courtesy of Snake Hole Lounge. To view original, click here. Reposted with permission.

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Yes, Dick’s Sporting Goods, a big-box retailer for sporting goods, just suffered a big decline in their sales and earnings, a -3.66% downward surprise.

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A closer look at Dick’s earnings per share reveals their downward momentum.

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Big-box retailers in particular are suffering from over-building and rising vacancies.

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Like another big-box retailer Macy’s, both have suffered declining stocks prices courtesy of on-line retailers like Amazon and the overbuilding of retail space. For comparison, McDonald’s restaurants (green line) are exploding upwards in price.

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Hopefully this doesn’t mean that Americans are exercising less and chowing down on Big Macs, fries and shakes.

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