Dick's Sporting Goods drops on bleak annual revenue
Shares of footwear retailer Dick's Sporting Goods DKS.N fall as much as 6.6% to $211.10
Stock set for its worst day in over three months, if losses hold
Co raises annual revenue forecast to a range of $13.75 billion to $13.95 billion, from prior target of $13.6 billion to $13.9 billion, but still below estimates of $14 billion, as per data compiled by LSEG
Says outlook assumes impact of current tariffs and excludes one-time items related to its acquisition of Foot Locker FL.N
DKS expects to close the pending acquisition of Foot Locker, announced in May, on September 8
Including session's moves, stock down 5% YTD
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