Shares of Dicks Sporting Goods plummeted on Tuesday, making it TheStreet’s Move of the Day. The sporting goods equipment, apparel and footwear retailer tumbled after it reported that sales of golfing equipment continued to fall despite prior company guidance that said it expected improvement in the space. The company’s sales of hunting equipment and gear also created a drag on revenue. Edward Stack, Dick’s CEO, said: “After a very challenging first quarter in golf last year, we expected some further headwinds and only modest improvement, but instead we saw a continued significant decline.” TheStreet’s Joe Deaux reports from Wall Street.
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