It's the worst day of trading in company history and goods painted a bleak picture going forward. The hunting category includes not only camouflage clothes, catalog blinds, trail cameras, duck decoys and tree stands, but also guns.
Yorktown Heights, NY DICK'S Sporting Goods | Jefferson Valley Mall
The company sells rifles, shotguns and black-powder guns typically used sporting hunting, including "small frame" rifles for kids. Demand for hunting gear has been trending down.
The Federal Bureau of Investigation reported a plunge in background checks for gun purchases in July. He said that too much supply has led to "promotional pricing" in the hunting dick to try and get rid of the "inventory overhang.
Dick's stock plunges on poor gun and sports sales
The supply chain has to be online out," he said. Dick's does not break out gun sales individually, but sales have experienced an industry-wide decline since the election of President Trump, even though he's a Republican endorsed by the National Rifle Association. Retailers and customers had stocked up on guns and ammunition expecting Democrat and gun control advocate Hillary Clinton nude gabrielle hammam win, but sales have spiraled downward ever since Trump's victory.
Trump is hurting gun sales. Dick's also sells shoes and apparel for a wide variety of sports, from baseball to soccer to biking to kayaking.