Dick's Sporting Goods shares drop on third quarter profit miss

Shares of sportswear retailer Dick's Sporting Goods down about 3% at $199.92

Co warns of up to $750 million in charges tied to a sweeping review of its recently acquired Foot Locker business

Co expects Q4 gross margin at Foot Locker to drop between 1,000 and 1,500 basis points

DKS reports adjusted Q3 EPS of $2.07 vs. estimates of $2.71, according to data compiled by LSEG

Co, however, raised annual sales and profit forecasts

As of last close, DKS down 9.62% YTD