In a move that defines 2023, Dick’s Sporting Goods cited shoplifting as the reason the company’s second-quarter profits missed and sent its stock tumbling as much as 24% in early trading Tuesday.
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According to Market Watch, it was the first time Dick’s had missed earnings in three years and comes on the heels of Target missing earnings for the first time in six years, but in that case, Target blamed consumers for hating its Pride Collection.
Dick’s is blaming scumbags for stealing products.
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