Knee jerking flip-flopping Dick's Sporting Goods.

[ray1970]

Dick's, one of the country's biggest gun retailers, has been quietly testing the water on whether to pull out

I chuckled a bit. Talking about pulling out when referring to dicks is just plain comical.

[ChickNorris]

Glad someone said it.

[Gman]

Dick's is again using tragedy for marketing attention. You have to respect the pattern. It's disgusting. They've got the MSM running with the drama that Dick's will know tomorrow how it's last change in selling guns has affected their bottom line and whether they will pull out of firearms entirely.

I think they already know the numbers and they'll come out tomorrow and state that firearms don't make up any significant sales for them. Anybody that cares about 2A is already avoiding them. Then hopefully they'll exit the firearms market entirely. That doesn't mean that they won't speak up anymore after the next nut uses a gun. I could totally see them virtue signalling/speaking up that it wasn't them and that they're part of the solution.

Dick's should just change their name to Richard's to avoid confusing anyone.

[MrPrena]

I guess dks sold more baseball stuff and foozball stuff than we thought...
Oh yeah and yoga pants...

Lots of places beating analysts estimate by 2 to 3% ish.
Maybe analyst did not factor in the increase in price index indicies as properly?

After tariff hits, I hope some analysts factor in those properly and adjust the EPS nominal and real.

[whitewalrus]

I guess dks sold more baseball stuff and foozball stuff than we thought...
Oh yeah and yoga pants...

Lots of places beating analysts estimate by 2 to 3% ish.
Maybe analyst did not factor in the increase in price index indicies as properly?

After tariff hits, I hope some analysts factor in those properly and adjust the EPS nominal and real.

Markups on firearms aren?t that much anyway. It?s all the cleaning kits and such that go along with the gun where the markup is.

Markup on clothing is typically pretty high, and with yoga pants and other athletic wear become the style of today, I?m sure they are doing well.

Waiting for Walmart to get out of the gun business as their CEO has released statements calling for more gun control.

[kidicarus13]

https://www.foxnews.com/us/dicks-spo...rth-of-weapons

[GilpinGuy]

https://www.foxnews.com/us/dicks-spo...rth-of-weapons

Headline:

Dick's Sporting Goods CEO says company destroyed $5 million worth of weapons

Later in the story:

It was not clear how much destroying the weapons cost the sporting goods giant.

Geniuses. Excellent business plan.

[Irving]

Maybe it happened, but I don't remember a single retailer destroying compact florescent light bulbs once people decided they were bad for the environment, which effects everyone (and bad for lighting). Think stores in New York publicly destroyed large drink cups?

If guns are so bad, it's not a secret and people are just finding out (like black market THC vaping that has killed a few people, but they are still blaming Juul). They've always been bad and the decades of selling them should weigh much more heavily than the comparative handful that were destroyed. Politics; nearly always dumb and unhelpful.

[Gman]

Maybe it happened, but I don't remember a single retailer destroying compact florescent light bulbs once people decided they were bad for the environment, which effects everyone (and bad for lighting).

That would let the mercury out of the bulbs, so I don't think that would help the environment either.

Virtue signalling apparently has a higher priority than their fiduciary duty. This sounds like an investor lawsuit in the making.

As to the vaping deaths, it's being reported that many could be related to THC products, but some are not. This is one of the things that makes me skeptical about new fads. We have many hundreds of years worth of experience with tobacco and a good understanding of the issues around it. Then this new thing comes along that creates much smaller particles that go deeper into lung tissue using god knows what ingredients and it's deemed as "safer" without much in the way of evidence.

I hope that Dick's fully exits the firearms business and is no longer able to use every shooting as an anti-gun marketing push.

[Irving]

From what I understand about the vaping thing, is that ALL cases were related to THC products where the oil was not properly made (black market) and has nothing at all to do with tobacco. We should probably start a thread about it, but it's not like this one is going anywhere either.