Dick's Sporting Goods ($DKS) podcast mentions
All right, Contessa, our thanks. Abercrombie, the latest retailer seeing some huge swings post results, although this one's to the upside. One of its best days, maybe the second best day on record. The key consumer takeaways from that report so far with one longtime industry executive coming up. Welcome back. A number of big moves in retail today following yesterday's big drop for Dick's Sporting Goods. Today, it's Abercrombie surging this morning. About 30-plus percent after a beat and raise. Williams-Sonoma pulls back despite a solid print. Joining us this morning to talk more about the winners and losers is Jerry Storch, former chairman and CEO of Toys R Us, former Target vice chair and current Storch Advisors CEO. Jerry, welcome back. Good to have you. Just making notice, making note of some of the outsized gains or losses between, let's say, Walmart and Dick's. In this case today, Abercrombie. People were pointing out Victoria's Secret up as multiple, multiple of its levels a year ago. Is this about share versus volume overall?
Carl Quintanilla — Squawk on the Street · 10AM Hour: Nvidia Ahead, Meta Settles, & PCE Comes In Hot 8/26/26 · 2026-08-26While other retailers embraced Apple Pay for contactless checkout, Walmart opted to stick with its own QR code-based system, Walmart Pay. Now for a look at a few other articles that are trending: Bill Gates reportedly seeks a meeting with China's Xi Jinping to discuss risks of AI. Dick's Sporting Goods plunges 31% after an earnings miss. And AI mania makes room for the debasement trade. On our Catalyst Watch for the Day: The public expo for the Gamescom conference in Cologne, Germany begins. Participants include Microsoft's Xbox, Nintendo, Electronic Arts, and Sega. Harry Styles' Together Together residency at Madison Square Garden begins. Madison Square Garden Entertainment is expected to see a notable revenue boost from the 30-show run. And NVIDIA will hold its earnings call at 5 PM. Options trading implies a share price move of 6% after the report is released. The tech stocks with the closest trading correlation with NVIDIA after earnings have been Marvell Technology, Micron, Arm, and Advanced Micro Devices. If you're looking for a preview of NVIDIA earnings, check out today's edition of the Wall Street Breakfast newsletter. A link to sign up is in the show notes section. On Wall Street, stock index futures are in mixed territory. Crude oil is down 2.7% at $80 a barrel. Brent crude is down 2.8% at $86. The FTSE 100 is little changed and the DAX is up 0.1%. Intuit is on our list of the biggest movers. Intuit, Inc. is down 11.7% after the parent of Credit Karma, TurboTax, and Mailchimp issued fiscal year 2027 and fiscal Q1 guidance far below the consensus estimate. And on today's economic calendar, another busy one. At 8:30 AM, GDP. Also at 8:30 AM, Personal Income and Outlays. At 10:30 AM, EIA Petroleum Status Report. And at 11:00 AM, Survey of Business Uncertainty. That's it for today's Wall Street Breakfast. Thanks for listening! To take full advantage of Seeking Alpha, join the highest quality community of real investors. Investors discussing stocks and ETFs at seekingalpha.com/subscriptions. I'm your host, Julie Morgan. Go out and make it a great day.
Julie Morgan — Wall Street Breakfast · Bullseye misses the mark · 2026-08-26And sometimes what you have to do is you have to say, okay, listen, I am a certain person. I mean, I'm a Dollar Store, Dollar Tree. I like dollar stores, okay? But I really only like Dollar Tree. I don't like Dollar General. When it comes to clubs, I like Costco. I don't like BJ's. It's just a, it's, you know, it's a preference. It's a preference. And I prefer Dollar Tree. I prefer Costco. All right, look, there's no such thing as a nothing burger when it comes to NVIDIA. And the greatest business person of all time, Jensen Huang, Tomorrow we're going to see how much Wall Street really cares about this really amazingly important stock. On "Mad Money" tonight, Dick's Sporting Goods just saw its worst one-day decline ever after a dismal quarter. So what's next for the retailer? Hey, don't miss my analysis. And I'm an open-minded fella. Then oil prices dipped today on news about the Middle East. But do they have further to fall? I'm going off the charts to find out. And Intuit is on the move after reporting earnings. But what direction? I'll talk to the CEO, Steve Kramer.
Jim Cramer — Mad Money w/ Jim Cramer · Mad Money w/ Jim Cramer 8/25/26 · 2026-08-25All right. What the heck is going on with the stock of Dick's Sporting Goods? I mean, this retailer put up disappointing set numbers this morning. So the stock plunged $55, 31% for its worst day ever. Imagine you owned it. I know. And consolidation. I want to console the people who did because it's a pretty good company. It used to be a solid growth stock, but it spent the last couple of years doing nothing of note thanks to the flagging sportswear market and then management's controversial acquisition of Foot Locker. Foot Locker, remember that one? Closed almost a year ago. Foot Locker was a dog. Still, the stock was trading, trading water until late June when it started falling from $244 all the way down to $179 as of last night's close. Kind of looked attractive to me. But during that decline, I kept wondering what the heck is going wrong here? The previous quarter was pretty solid. There didn't seem to be any company-specific news dragging it down. Jamie realized those sellers were pressured. And now we need to figure out if TIX is a broken stock or a broken company. I want to start with the numbers, which were suboptimal from top to bottom. Now, Dick's put up 2.1% same-store sales growth. Wall Street was looking for 4%. That's disappointing. Revenue came in a little light. Gross margin and operating margin were both down dramatically. The earnings per share came in at $3.52, down nearly 20% year over year and representing a $0.23 miss versus expectations. That's nasty. When the core Dick's Sporting Goods brand isn't doing great, the real pain coming from the Foot Locker acquisition. Foot Locker same-store sales were down 3.6% as expected, a 0.9% increase. Meanwhile, Dick's Sporting Goods itself, it was in line. We saw the same thing with the margins. Foot Locker is like an open wound. It's a breathtaking disappointment. Still, though, it's not really enough to justify the catastrophic decline. What really did it was the guidance. While management reiterated their outlook for same-store sales at the Dick's brand, that's legacy Dick's, they slashed their outlook for Foot Locker. They're now talking -2% to flat instead of up 1.5% to 3%, as they previously said. They also slashed their full-year sales forecast, the end all Foot Locker.
Jim Cramer — Mad Money w/ Jim Cramer · Mad Money w/ Jim Cramer 8/25/26 · 2026-08-25Now Dick's says it should earn $11 to $12 per share this year, down from $13.50 to $14. And that is a major guidance cut. So now we've got to say, like, what really went wrong here? When the comps— well, Chairman Ed Stack, who I've known for years, got right to the point, explaining that consumer preferences shifted during the quarter and inventory started to build up, particularly in retro sneakers and certain apparel brands. That in turn led to aggressive promotional environment. Promotional means they had to slash prices to get rid of the inventory. And that's exactly what they had to do. They wanted to defend their market share. These issues were much worse for Foot Locker than they were for the court. Dick's Sporting Goods banner. Which had more strong categories to offset the weakness in athletic footwear and apparel. Now, Foot Locker is also more dependent on sneaker launches, and there were very few big launches in the quarter, most of which were disappointing. Worse, it turned out that Foot Locker is doing particularly badly in Europe and Middle East and Asia, EMEA, as we like to call it. Looking forward, Stack said the company is taking action to shift its mix toward in-demand brands, and they expect, quote here, the launch calendar to be more favorable in the back half of the year, quote, end quote. Still, he said he expects, quote, the broader promotional environment to remain challenging, end quote. That's awful. And that's through the end of the year, which is why Dick's plans to continue defending its market share with price cuts. Hence the savage cuts to their earnings forecast. So what should we think about all this? Is it a disaster unmitigated? Well, when I saw these results from Dick's this morning, my first thought was that it's a brutal time for athletic footwear and apparel. We know Nike's been struggling and Dick's pretty much confirmed that when they talked about weakness in sneakers with legacy silhouettes. That's code for Nike. But we've also seen disappointing results from challenger brands like On, which just had a weak quarter of its own earlier this month. That was great growth stocks at one time. Deckers Hoka, talk about growth stocks.
Jim Cramer — Mad Money w/ Jim Cramer · Mad Money w/ Jim Cramer 8/25/26 · 2026-08-25Brand is still doing okay, but its growth has slowed significantly from 20% a year ago to 8% in the most recent quarter. So while this quarter was very bad, they're not wrong that this is an industry-wide problem. That said, a lot of this is self-inflicted because nobody put a gun to their head and forced them by Foot Locker, the company that was not a good business when it was bought. It's driving management so taken by surprise here. I think that's what really did it. Just one quarter ago, they'd raised their full year forecast for Foot Locker same-store sales. Man, could you— could you ever be that wrong? They had to cut it by 300 basis points. Clearly, they're having trouble turning this business around. It shouldn't come as a surprise to anyone who watched the performance of Foot Locker stock before the takeover bid. We owned it for the charitable trust and we got out. We took a big loss. That said, I'm not so sure we should give up on Dick's Sporting Goods, not after today's decline. The stock's now trading at less than 11 times the midpoint of management's lower earnings guidance, though it only matters if they can hit the targets. Dick's looked cheap last night, too, but it turned out to be a value trap as the estimates were just classically too high. On the other hand, DKS pays a nice dividend, which now yields about 4%. For what it's worth, we've seen this movie before. Dick's had a huge single-day meltdown almost exactly 3 years ago when the stock fell 24%, also in response to a bad quarter. At the same time, the stock took a couple of months to bottom, but after it found its footing in October of 2023, it's like a coiled spring. Dick's ran from $100 to $250 over the course of the next 15 months. And then, as much as I don't like the Foot Locker deal, I believe in Dick's Sporting Goods. This company is really the last man standing in the sporting goods space. While the next quarter or two seem like they'll be tough, Yet the expectations have been totally reset and thus they should be beatable. Plus, the industry-wide inventory glut that ruined this quarter is likely to be cleared by the time next year rolls around.
Jim Cramer — Mad Money w/ Jim Cramer · Mad Money w/ Jim Cramer 8/25/26 · 2026-08-25But Nike's inventory cleanup took a very long time. Let me give you the bottom line because you're probably tempted to buy it. Dick's Sporting Goods turned in a terrible quarter that led the stock to its worst one-day decline ever. Given the scale of the miss and the guidance cut, I don't blame anyone for getting out of Dodge. Still, I don't want to give up on Dick's Sporting Goods at these levels. In the long run, call me a believer because this is the only remaining sporting goods retailer with genuine scale in this country, even if it's also joined at the hip with struggling Foot Locker. I mean, they can always close it. It just might take a few months before the sporting goods, footwear, and apparel space clears that excess inventory and starts bouncing back. Usually can't be done in a single quarter, though. Now, if you don't own Dick's, you dodged a bullet today. But based on the last time the stock fell apart, you might want to be a buyer over the next couple of months because this company's had a history coming back from the dead. Management will pivot. This will be addressed. They will, they will take a hard look at Foot Locker. It's huge up like this. It tends to be still one more day when analysts cut their ratings. That should be tomorrow. I expect that by Monday we could see a bottom as all the big accounts would have fled. If that, you just have to hold it until the story comes together, which I expect will happen in January after tax loss selling and one more weak quarter. That money's back in.
Jim Cramer — Mad Money w/ Jim Cramer · Mad Money w/ Jim Cramer 8/25/26 · 2026-08-25IBM News when you want it with Bloomberg News Now. I'm Amy Morris. Dolly Parton, the queen of country, has died. Jolene, Jolene, Jolene, Jolene. Parton was known for hits like 9 to 5, Jolene, and I Will Always Love You. She had a 7-decade career during which she was inducted into the Country Music Hall of Fame, Rock and Roll Hall of Fame, and Kennedy Center Honors. She sold more than 100 million records worldwide. Dolly Parton was 80 years old. President Trump has ordered flags to be flown at half-staff starting at 6 tonight for the next week. Stocks rose as a decline in oil prices sent bond yields higher. Traders holding on for Nvidia earnings after tomorrow's closing bell. We do bring you closing numbers each day here at Bloomberg. S&P 500 gained 24 points. Nasdaq up 171. The Dow 160 points higher. The 10-year Treasury yield at 4.61%. The 2-year yield at 4.17%. The 30-year Treasury yield at 5.15%. Crude oil now more than 6% lower. WTI less than $81 a barrel and Brent crude less than $87 a barrel. The Philadelphia Semiconductor Index more than 1% higher, led by Nvidia, which is about 2% higher in regular trading. Chris Malone is a key executive overseeing OpenAI's data center buildout. He reportedly left the company last week. The Wall Street Journal reports Malone's departure comes amid a broader exodus at the firm. Meanwhile, OpenAI says its new Jalapeño chips perform better than Nvidia's processors. Again, Nvidia shares about 2% higher in regular trading as we await those Nvidia earnings after tomorrow's closing bell. Dick's Sporting Goods sank the most on record after the Foot Locker chain it acquired last year continued to struggle, raising doubts about the broader sneaker market. The company now expects net sales to be in a range of $21.9 billion to $22.2 billion in the current fiscal year. That's down from its previous forecast, driven by a drop in sales at Foot Locker. Shares of Dick's Sporting Goods fell 31% in regular trading. Turning now to trade— Canada will double its existing counter-tariffs on U.S. steel and aluminum products to 50% and apply new duties to other U.S. products, affecting billions of dollars of annual U.S. exports to Canada. Canada's Minister of Finance François-Philippe Champagne says they are matching U.S. tariffs dollar for dollar to defend their workers and industry.
Amy Morris — Bloomberg News Now · Trump Orders Flags Lowered for Dolly Parton, Canada Hits Back At US Tariffs, More · 2026-08-25Dick's Sporting Goods stock has a case of athlete's foot. Motley Fool Hidden Gems Investing starts now! Welcome to Motley Fool Hidden Gems Investing! I'm your host, Tyler Crowe, and today I'm joined by longtime Fool contributors Rachel Warren and Matt Frankel. Guys, the earnings season has been winding down a little bit. I was looking for stories earlier today, but the news was looking a little thin. Then Dick's Sporting Goods reported earnings, and based on the stock reaction, we had to talk about it. Shares of Dick's Sporting Goods stock is down about 27% as we're taping right now after the company reported earnings and updated guidance. Now, like most investors, I would assume this means the news was bad, but we've seen like a lot of companies post decent results this quarter, only kind of see their shares take it on the chin in the after— in the ensuing market reaction. So Rachel, is that the case here? Give us a rundown of what happened and what were your guys' thoughts and reactions to what what Dick's Sporting Goods had to say here.
Tyler Crowe — Motley Fool Hidden Gems Investing · Dick’s Sporting Goods has a Foot Locker Problem · 2026-08-25Yeah, I mean, there was actually some concerning numbers that came in and it's interesting to chat about. We don't spend a ton of time focusing on retail here on this show. So Dick's actually missed on both the top and bottom lines for the quarter. They had adjusted earnings per share come in at $3.53. Wall Street was looking for $3.76. Revenue dragged a bit, just under $6 billion. Wall Street was looking for a little bit more than that. So a lot of this is going back to the Foot Locker business. Which Dick's Sporting Goods acquired last year. That's the primary culprit behind this drag. And it's interesting because you have the core Dick's namesake stores, they posted a roughly 5% comparable sales increase. Foot Locker stores actually saw comps slide 3.6%, and you had management saying that they had fewer high-profile shoe launches. It's an increasingly competitive discounted market that's actually forcing them to cut prices to protect their market share. But the other thing that's interesting here is this is also tied to the what's called the Nike ripple effect. So we saw management essentially call out a lack of high-profile sneaker launches. They're pointing upstream to major partners who are, you know, stuck in a creative lull, if you will. And, you know, you got to bear in mind Foot Locker has historically relied on these legacy silhouettes, retro launches. And so Dick's is really feeling the pain first when consumer hype slows down. Another key number, total inventory surged 63% year over year. Now, obviously, They're still absorbing the Foot Locker acquisition, but they're carrying a lot of inventory, probably looking for a lot of, uh, you know, clearance sales and promotions, which, you know, great for consumers, not great for the business, not great for investors. And to top it all off, Dick's slashed its full-year earnings guidance, uh, considerably. So really not a great readout for this business.
Rachel Warren — Motley Fool Hidden Gems Investing · Dick’s Sporting Goods has a Foot Locker Problem · 2026-08-25I was reading the Wall Street Journal this morning and one of the, like, lead stories was on Crocs. And I kind of felt like that scene in Star Wars where it's like, oh, that's a name I haven't heard in a very long time. You know, it was actually interesting. They were talking, kind of taking the opposite approach of Dick's Sporting Goods where it's like, we're going to hold back some of our production and clear some inventory. Yeah, we're going to take it on the chin now, but it's a strategy that worked out pretty well and the stock is benefiting a lot from it. And that kind of, hey, this is a company we haven't discussed in a while. It was a kind of an interesting story. I wanted to take that a little bit step further. We're coming to the end of earnings season here. We've got Nvidia tomorrow, which we're definitely going to cover, but there's not certainly not as many coming to the fore right now. So with this quarter coming to the close, I wanted to give you guys an opportunity to maybe highlight a company that may have fallen through the cracks when we were trying to cover stuff with earnings that we didn't get to, but you're like, I really liked, or maybe you didn't like what you saw. Matt, I want to start with you. You said you wanted to talk about Walker Dunlop.
Tyler Crowe — Motley Fool Hidden Gems Investing · Dick’s Sporting Goods has a Foot Locker Problem · 2026-08-25Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action, news, and analysis. Good afternoon! Today is Tuesday, August 25th, and I'm your host, Kim Kahn. Our top story so far: OpenAI's in-house inference chip, Jalapeño, which it created through a partnership with Broadcom, outperformed NVIDIA's Blackwell in some scenarios according to testing results from the company. OpenAI models also accelerated Jalapeño's development, OpenAI said in a post. Earlier generations helped the team design and bring up the chip, while our latest models are accelerating how we optimize and program it. The company tested the chips on InferenceX, a public benchmark from Semi Analysis that measures the entire process of completing an AI request. Jalapeño beats Blackwell on performance per watt across almost all scenarios without being tuned for any specific point in the curve, according to SemiAnalysis. It excels not only in low-latency scenarios but also in high-throughput scenarios. A more apples-to-apples comparison is against single-token prediction results. It knocks every competitor out of the water. However, SemiAnalysis acknowledged that the comparison with Blackwell is somewhat incomplete and unfair, as Jalapeño is really competing against NVIDIA's latest accelerator, Rubin, which uses HBM4. Blackwell uses HBM3e. Vera Rubin systems are starting to ship on customers right now, while it will still be a long time before OpenAI has anything beyond engineering samples of Jalapeño, Semi Analysis added. Among other stocks, Dick's Sporting Goods is plunging after missing estimates with its Q2 earnings report and setting a cautious full-year outlook. Chairman Ed Stack said conditions across portions of the athletic footwear and apparel marketplace became increasingly promotional, and we took action to remain competitively priced to protect and grow our leadership position. "This environment had a more significant impact on the Foot Locker business given its greater exposure to legacy footwear silhouettes and greater dependence on footwear launch and retro product," he said. Walt Disney is offering voluntary early retirement packages to eligible senior executives as the entertainment company steps up efforts to lower costs and reshape its workforce. The time-limited program is open to employees at the director level and above. The offer covers qualifying U.S.-based executives in Disney Entertainment, ESPN, and corporate functions. AMD is up after Raymond James boosted the stock to strong buy from outperform, pointing to Agentic AI as the principal new growth engine for the CPU market.
Kim Kahn — Wall Street Breakfast · OpenAI chip takes on Nvidia · 2026-08-25Let's go back to corporate news because it is retailers earnings season. John Tucker and Dick's Sporting Goods is down 25% this morning. Yeah, pretty painful if you are a shareholder of Dick's Sporting Goods. And this could be because the Foot Locker acquisition has not really done a whole lot for its financials. Lindsay Dutch is our consumer hardlines senior analyst joining us now from Princeton. Is this the verdict of that Foot Locker acquisition that it really isn't doing it for Dick's Sporting Goods, or is this kind of a broader trend of people not spending on recreational footwear?
John Tucker — Bloomberg Intelligence · Dick’s Falls Most Ever With Chairman Saying More Pain to Come · 2026-08-25Plus, a blunt rebuke from veteran hedge fund investor Stanley Druckenmiller. He calls the government's intervention in the bond market a, quote, mistake. And we're keeping an eye on shares of Dick's Sporting Goods. Why? Well, they are down dramatically in the premarket. The company missed expectations, citing what it calls a challenging footwear market.
David Faber — Squawk on the Street · 9AM HOUR: Chips Rebound Ahead of Nvidia Earnings, Druckenmiller Slams Treasury, Dick's Sporting Goods Shares Plunge · 2026-08-25Yeah, it's up 30% in the last 3 months, guys. The mover this morning, though, that we should get to is Dick's Sporting Goods. Yeah, of course, acquired Foot Locker some time back and that is not going well, at least not at this point. On the call, CEO Ed Stack saying the inventory buildup across the industry supply chains and across the retail marketplace led us to an increasingly aggressive promotional environment or led to an increasingly aggressive promotional environment. And in response to these changes, we felt it was important to remain competitively priced to protect our leadership position. What does that mean? It means they had to cut price on a lot of things. It means they've lowered their Foot Locker business pro forma comparable store sales outlook to a range that is now -2% to a high of being flat, 0%. And they therefore also lowered their operating income outlook for both Dick's and the Foot Locker business. Jim, so far not going that well in terms of this acquisition, I guess.
David Faber — Squawk on the Street · 9AM HOUR: Chips Rebound Ahead of Nvidia Earnings, Druckenmiller Slams Treasury, Dick's Sporting Goods Shares Plunge · 2026-08-25