Dick's Sporting Goods admits it lost $250MM in revenue after stopping gun sales

Jan 14, 2022
3:08:05pm

Babyboy All-American

Dick's Sporting Goods Admits Decision to Abandon Gun Sales Cost Shareholders $250M in Revenue - The Truth About Guns

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https://www.thetruthaboutguns.com/dicks-sporting-goods-admits-decision-to-abandon-gun-sales-cost-shareholders-250m-in-revenue/

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Babyboy

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Messages

Author

Time

Dick's Sporting Goods admits it lost $250MM in revenue after stopping gun sales

Babyboy

1/14/22 3:08pm

That is a crap ton of gun sales. 500kish

Turnpike Lane

1/14/22 3:12pm

I’m sure it includes, ammunition and accessories.

JohnnyC

1/14/22 3:14pm

Dicks bad. Academy/Bass Pro good

BR549

1/14/22 3:14pm

I’ll take Academy over Dick’s all day long.

Texas Hammer

1/14/22 3:32pm

RE: Dick's Sporting Goods admits it lost $250MM in revenue after stopping gun sales

mulletino

1/14/22 3:15pm

Good news is that the moral superiority b/c of stopping gun sales is worth $251M

MormonDevil

1/14/22 3:21pm

It's outperformed ASO since ASO went public

memento

1/14/22 3:30pm

I think they should sell guns, I would shop there more. But the impact in all honesty has been zero from a financial

JOPE

1/15/22 12:45pm

Get woke, go broke.

UNLVcougar

1/14/22 3:21pm

They're up ~300% since since they did this. They aren't broke

memento

1/14/22 3:30pm

So they missed out on 400%

jrifkin48

1/14/22 3:33pm

huh?

memento

1/14/22 3:34pm

Math. They could've had more if they didn't lose their gun sales

jrifkin48

1/14/22 3:40pm

Their revenue has grown faster than competitors since their decision

memento

1/14/22 4:17pm

Okay. You're a smart person

jrifkin48

1/14/22 4:19pm

$250 million and gun sales would represent approximately 2% of their total revenue

JOPE

1/15/22 12:54pm

This is why they stopped.

panacablue

1/14/22 3:23pm

It's not like that is a surprise. They knew exactly how much they were giving up

JuicyJam

1/14/22 3:23pm

Meanwhile overall revenue keeps climbing, and their stock is one of the hottest

BigD Coug

1/14/22 3:26pm

Well now I don't know what to believe.

joelvandyne

1/14/22 3:30pm

It's hard to imagine their stock continuing to climb if they keep having revenue numbers like this

Bob Vance

1/14/22 3:32pm

Revenue numbers that keep going up?

JuicyJam

1/14/22 3:35pm

Obviously not - only if they were to trend down, which was the inference of the OP

Bob Vance

1/14/22 3:39pm

The revenue has grown by over 1 billion

JOPE

1/15/22 12:48pm

Flacid Dividends Disappoint Stockholders

Q-grr

1/14/22 3:58pm

Meh. Sales are up $1B over 2018, net revenue up $0.5B.

Everyman

1/14/22 3:59pm

After watching Dick’s latest feminist commercial I’m done shopping there.

bluebrotha

1/14/22 4:00pm

I think feminism and anti male are two different things. They seem anti male.

Bovine University

1/14/22 6:10pm

What have they said against males to deserve that label?

HoustonBYUCoug

1/15/22 2:06am

They boast of their exclusive, all-female exec team and tailor to girls

Bovine University

1/15/22 11:21am

All female board of directors at “Dicks”

Babyboy

1/14/22 6:22pm

I stopped shopping there since they abandoned gun sales.

Dick's Sporting Goods Admits Decision to Abandon Gun Sales Cost Shareholders $250M in Revenue - The Truth About Guns

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