Dick’s sales decline in the face of 119% growth last year

Retail Dive

Dick’s joins many others in the retail space in posting a quarter of declines, but the moderation in the company’s results comes after a record year in 2021 and sales are still well above 2019.

Analysts with Telsey Advisory Group called the lower outlook “disappointing” as it indicates consumers are spending less in the category and promotions are likely to return, but they maintained that Dick’s is a “long-term share gainer.”

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