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Dick’s Soaring Sales Prove It Can Succeed Without Assault Rifles
CBS BOSTON ^ | 01 JUNE 2018 | AARON SMITH - CNN

Posted on 06/01/2018 4:22:02 PM PDT by Extremely Extreme Extremist

(CNN Money) — Back in February, Dick’s Sporting Goods made a bold decision to stop selling assault style rifles and high capacity magazines, and to raise the minimum age to purchase a gun to 21.

Executives there braced for pain. Instead they got good news.

Dick’s Sporting Goods stock price surged by as much as 27% after it reported stronger than expected quarterly sales and profit Wednesday.

It’s the first measure of their decision to pull away from some guns.

(Excerpt) Read more at boston.cbslocal.com ...


TOPICS: Society
KEYWORDS: banglist; dicks; retail; soaringdick
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To: Junk Silver
😉
21 posted on 06/01/2018 4:38:31 PM PDT by ViLaLuz (2 Chronicles 7:14)
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To: Extremely Extreme Extremist

Dick’s is a big operation and guns have been a small part of it.

What is unrefutable is Dick’s would have done better than 27% if they had not got into gun politics.


22 posted on 06/01/2018 4:39:40 PM PDT by plain talk
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To: Extremely Extreme Extremist

Dick’s never sold an assault rifle in their history so ...


23 posted on 06/01/2018 4:40:04 PM PDT by TigersEye (This is the age of the death of reason.)
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To: ViLaLuz

Big deal. I’ve already cut Dicks off completely.

The day after they made their “brave” decision. I DON’T SUPPORT CHICKENSHITS!


24 posted on 06/01/2018 4:41:19 PM PDT by heshtesh
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To: ViLaLuz

Sounds painful but I get it.


25 posted on 06/01/2018 4:41:54 PM PDT by bigbob (Trust Sessions. Trust the Plan.)
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To: Extremely Extreme Extremist

Has there been a run on male chastity devices?

That would explain it.


26 posted on 06/01/2018 4:44:03 PM PDT by JohnnyP (Thinking is hard work (I stole that from Rush).)
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To: Extremely Extreme Extremist
Read between the lines and check the stock online. Current 52wk is -13.80% and closed today -3.42%. When your stock is way down and you do better than your lousy projections, then sure, you could get a sharp... temporary spike. Dick's is a loser for reasons more than just guns.

Of course, the newsies will rush out with anything positive they can find.

27 posted on 06/01/2018 4:44:31 PM PDT by Lagmeister ( false prophets shall rise, and shall show signs and wonders Mark 13:22)
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To: Extremely Extreme Extremist

Some of those sales probably came about because Sports Authority went out of business.


28 posted on 06/01/2018 4:45:47 PM PDT by saltshaker
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To: Extremely Extreme Extremist
Don't know who is shopping there but they are not getting any of our family's money.

I wonder in the details if they might be playing games with their books, how they are reporting things. I cannot imagine they shut down part of their business, yet grow.

And how much of the increased sales is do to companies they have acquired rather than existing in-store growth?

29 posted on 06/01/2018 4:48:03 PM PDT by Reno89519 (No Amnesty! No Catch-and-Release! Just Say No to All Illegal Aliens! Arrest & Deport!)
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To: Extremely Extreme Extremist

Yeah but they’re still Dicks.


30 posted on 06/01/2018 4:50:17 PM PDT by Boomer (Leftism is the Moral Equivalent of the Plague)
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To: Extremely Extreme Extremist

Ridiculous propaganda. Dick’s opened a bunch of new stores. Their same store sales were -2.5%. That is an awful number. Gaining more sales at greater cost subtracts rather than adds to a retailer’s bottom line. The return on each asset gets softer even as you’re plowing more money in.

Obviously somebody was desperate to report “good” news for Dick’s. Too bad they don’t have the slightest clue what they’re talking about.


31 posted on 06/01/2018 4:50:46 PM PDT by FLT-bird (..)
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To: Extremely Extreme Extremist

Forget sales. How’s revenue...?


32 posted on 06/01/2018 4:51:23 PM PDT by mewzilla (Has the FBI been spying on members of Congress?)
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To: Dr. Pritchett

Me. I went to Academy Sports just a week or two ago.


33 posted on 06/01/2018 4:51:47 PM PDT by FLT-bird (..)
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To: Extremely Extreme Extremist

Just goes to show that most people don’t buy that style of gun. Dicks has a good fishing dept. Plus it’s the economy stupid.


34 posted on 06/01/2018 4:51:54 PM PDT by jetson
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To: Extremely Extreme Extremist

give it time....give it time....surprising truth is many outdoor enthusiasts...running,hiking, fishing,climbing,horseback riding, camping...are also hunters with guns....Outside mag stated that a few yrs ago..


35 posted on 06/01/2018 4:52:34 PM PDT by cherry
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To: Extremely Extreme Extremist

A lot of this is undoubtedly Leftists supporting the store because of Dick’s anti-gun moves. The question is, how long will that effect last? That kind of stuff tends to wear off once the novelty is gone.


36 posted on 06/01/2018 4:52:53 PM PDT by DesScorp
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To: bigbob

Thank you for making me laugh out loud for the first time today.


37 posted on 06/01/2018 4:53:01 PM PDT by mrmeyer (You can't conquer a free man; the most you can do is kill him. Robert Heinlein)
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To: Extremely Extreme Extremist

Call it the “Dixie Chick’ effect.

The girls made a lot of money after they dissed George Bush but after the dust settled, their ‘new fans” didn’t care for their music and they faded back to obscurity.

Let’s see next years sales...


38 posted on 06/01/2018 4:53:20 PM PDT by RedMonqey (" Those who turn their arms in for plowshares will be doing the plowing for those who didnÂ’t.")
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To: ViLaLuz

Uhmmmm.....


39 posted on 06/01/2018 4:53:35 PM PDT by Vendome (I've Gotta Be Me https://youtu.be/wH-pk2vZGw2M)
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To: Extremely Extreme Extremist

Goldman Sachs needs to be nuked off the face of the earth.
Let the orchids of 5th Avenue learn to till the earth.

Massachusetts, New York, and Connecticut can serve as her whores.


40 posted on 06/01/2018 4:57:15 PM PDT by Original Lurker
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