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.
Liquidity moves markets!Follow the money. Find the profits!
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.
Wall Street Examiner Disclosure:Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. I may receive promotional consideration on a contingent basis, when paid subscriptions result. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. No endorsement of third party content is either expressed or implied by posting the content. Do your own due diligence when considering the offerings of information providers.