Dicks is destroying their assualt style rifles (DICKS SPORTING GOODS CONTENT HERE)

[horseman234]

National Shooting Sports Foundation Expells Dick's:

http://thefederalist.com/2018/05/04/...trol-lobbying/

[Grand58742]

I do find it interesting Dicks' stock price has been trending downward since their announcement. And dropped 10% in a week from $34.27 on April 27th down to $31.64 when the markets closed on Friday.

https://www.marketwatch.com/investing/stock/dks

https://finance.yahoo.com/quote/DKS/

Provided, I'm not well versed in the stock market trends and whatnot, but they were trading at $48.06 per share a year ago.

[recon]

Two more company's now have ceased doing business with them. Mossberg Firearms and High Point Firearms.

http://www.thetruthaboutguns.com/201...porting-goods/
https://www.americanrifleman.org/art...porting-goods/

[VARIABLE9]

Via FellowshipOfTheMinds-

Mairead Mcardle reports for National Review, March 22, 2018, that Dick’s Sporting Goods has suffered a surprisingly steep downturn in sales since promising to stop selling certain guns:

Stock tumbled to the lowest in four months after the sports store banned assault-style weapons from its Field & Stream stores and raised the minimum age for a customer to buy a firearm from 18 to 21.
The company’s shares fell 7.3% after going up 13% this year. Sales failed to hit the projected $2.74 billion, tapering off at $2.66 billion for this quarter.

[platoonDaddy]

Another great indicator they are suffering a steep downturn

Dick’s Sporting Goods announced on Wednesday that their recent endorsement of gun control policies and hiring of gun control lobbyists has hurt their sales of firearms and hunting accessories.

The company did not reveal specifics about how much their firearms business had fallen during their first quarter earnings call but said it was directly connected to their decision to embrace certain gun control policies. “As expected, our firearms policy changes impacted our hunt business which saw an accelerated decline in an already challenged category,” Dick’s CFO Lee Belitsky told analysts. “We expect these businesses to remain under significant pressure throughout the remainder of the year.”

http://www.pacificpundit.com/2018/06...-future-bleak/

[Bubba FAL]

Yet, just last week, the MSM was reporting how Dicks is flourishing despite backlash resulting from their "new" policies.

Of course, anyone who is capable of reading a simple graph can see the real story.

[HardToHandle]

Yet, just last week, the MSM was reporting how Dicks is flourishing despite backlash resulting from their "new" policies.

Of course, anyone who is capable of reading a simple graph can see the real story.

The Wall Street Journal, a right leaning paper, noted that the firearms downturn was not that significant, along with Motley Fool and many other quasi independent analysts . Likely some of the spin is just spin, but the Dick’s CEO likely had some pretty compelling projections to be have the balls to burn bridges. The soft market for firearms and especially black rifles just is not going to make money if discounts are needed to move product.

I want Dick’s to nosedive as much as anyone else, but the quarterlies just weren’t that negative, especially in a losing commercial sector.

[FlyingHunter]

Happy to see the poor financial results for this company after they abandon 2A Freedom. In a booming economy where retail segments are beating expectations, Dicks can't seem to keep up.

Shares of Dicks Sporting Goods(NYSE: DKS) were falling flat today after the retailer missed sales estimates in its first-quarter report and said it would slow down store openings and cut jobs.

As of 12:07 p.m. EDT, the stock was down 13.1%.

https://www.wsj.com/articles/dicks-s..._us_business_f

[SteyrAUG]

Like making country music about how rednecks are stupid.

Can't imagine why pissing off a large segment of your consumer base might be a bad idea. Apparently there were fewer "camping hipsters" than they imagined.

[titsonritz]

Ahh, I'm all tore up.