March 13, 2018 / 3:17 PM / 9 months ago

Dick's Sporting sees hit from firearm policy changes

March 13 (Reuters) - Dick’s Sporting Goods Inc, the U.S. retailer who raised the minimum age to purchase firearms following the massacre at a Florida high school, said on Tuesday it expected the impact from the changes to linger throughout 2018.

The company’s shares were down nearly 5 percent at $31.

“The announcement we made 2 weeks ago regarding our firearms policy is not going to be positive from a traffic standpoint and a sales standpoint,” Chief Executive Officer Edward Stack said on a post-earnings call with analysts.

Including the impact of the changes to firearms sales policies, the company said it now expected 2018 profit of $2.83 per share and consolidated same-store sales to be flat to a low single-digit decline.

Reporting by Nivedita Balu in Bengaluru; Editing by Sriraj Kalluvila

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below