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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.

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.

Now The Balance Begins To Shift

The balance between QE and Treasury supply will begin to shift in July. The underlying bid it has provided for stocks and Treasuries will begin to fade.

This report tells why, and what to look for in the data and the markets.  GO TO THE POST


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


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


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.


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


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