Dick's Sporting Goods (DKS) shares are sinking after reporting an earnings miss and slashing its guidance in connection to declining profits and retail theft. Barclays Consumer Discretionary Analyst Adrienne Yih joins Yahoo Finance Live to break down the sports retailer's latest quarter.
"We're in the earlier stages of a multi-year [investment cycle], so they open seven House of Sports and that is the experiential banner," Yih says on the retailer's outlook. "It is the direction of travel of the consumer, getting away from just a place to shop to a place to experience, search, find and actually play sports..."
Yih also comments on Dick's Sporting Goods' post-COVID consumer trends, inventory management, and in-store traffic concerns.
