Dick’s Sporting Goods reported quarterly revenue that missed Wall Street expectations, with sales of $5.59 billion versus $5.65 billion expected. Net income fell to $315 million, or $3.50 per share, from $381 million a year earlier. The company lowered its full-year net sales outlook to a range of $21.9 billion to $22.2 billion and its consolidated operating income outlook to a range of $1.45 billion to $1.55 billion. While Dick’s stores posted 4.9% comparable sales growth, Foot Locker saw a 3.6% decline in comparable sales, prompting management to revise its outlook for that business to a range of flat to down 2%.
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