Earnings live updates: Dick's Sporting Goods stock tanks after retailer slashes outlook amid 'challenging conditions'

LIVE Earnings live updates: Dick's Sporting Goods stock tanks after retailer slashes outlook amid 'challenging conditions' Yahoo Finance Tue, August 25, 2026 at 1:53 PM GMT+2 1 min read NVDA DKS ^GSPC DLTR DG The second quarter earnings season is nearly complete, with Nvidia’s ( NVDA ) Q2 results on Wednesday serving as a keystone to a remarkably strong stretch of corporate reports. According to FactSet data, second quarter earnings for S&P 500 companies are on pace to rise 50% year over year , the highest growth rate since 2021. Artificial intelligence has been the growth engine of that broad-based earnings growth, Bank of America strategists noted.

In addition to Nvidia’s results, investors watched for key updates from dollar stores Dollar Tree ( DLTR ) and Dollar General ( DG ); software companies, such as Salesforce ( CRM ), Intuit ( INTU ), and Zoom ( ZM ); and other retailers like Dick’s Sporting Goods ( DKS ) and Kohl’s ( KSS ). LIVE 1 update Today at 11:51 AM UTC Grace O'Donnell Dick's Sporting Goods stock tanks 14% after retailer cuts guidance Dick’s Sporting Goods ( DKS ) stock fell 14% after the retailer posted disappointing second quarter results and lowered its full-year outlook. The company said that competitors heavily discounting items, fewer product launches, and those launches underperforming expectations created “challenging conditions” for the retailer.

As a result, Dick’s slashed its full-year outlook for diluted earnings per share to $10. 94 to $11. 94, down from its previous forecast of $13.

27 to $14. 27. 2026 net sales guidance of $21.

9 billion to $22. 2 billion was also cut from $22. 1 billion to $22.

4 billion previously. The company maintained its same-store sales guidance for its Dick’s business at 2. 5% to 4.

0% growth, but slightly lowered expectations for Foot Locker's same-store sales growth to negative 2. 0% to 0. 0%.

In the most recent quarter, Dick’s reported comparable sales growth of 2. 1%, down from 2. 5% in the same quarter a year ago, with the Foot Locker business dragging down growth.

Second quarter adjusted earnings per share came in at $3. 53 on revenue of $5. 58 billion.

That missed Wall Street’s expectations of earnings of $3. 76 on revenue of $5. 64 billion, per S&P Global Market Intelligence.