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Fly News Breaks for October 11, 2017
DKS
Oct 11, 2017 | 09:39 EDT
Cleveland Research analyst Daryl Boehringer said his research suggests Dick's Sporting Goods strategy to drive market share through promotional activity has been unsuccessful and has failed to increase sales. Boehringer believes sluggish sales trends have continued in Q3 and has an increased level of cautiousness around the Q4 outlook as the company appears to have reduced Q4 orders over the last 2-3 weeks. The analyst rates Dick's Sporting Goods a Neutral.
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