- Dick’s Sporting Goods is pulling the hunting category from 440 more stores in 2020.
- The move expands on its initial efforts after the deadly school shooting in Parkland, Florida, in 2018.
- The company made the announcement as it reported holiday-quarter earnings and sales that topped analysts’ estimates.
Here’s how the company did during its fiscal fourth quarter compared with what analysts were anticipating, based on a Refinitiv survey of analysts:
- Earnings per share: $1.32, adjusted, vs. $1.22 expected
- Revenue: $2.61 billion vs. $2.57 billion expected
- Same-store sales: up 5.3% vs. growth of 3% expected
The decision means that that the majority of Dick’s locations will no longer sell firearms. The company has 729 stores nationwide, and previously removed guns from 125 locations in an initial decision last March made in response to the Marjory Stoneman Douglas High School shooting in Parkland, Fla.
The chain had previously moved to end the sale of all assault-style weapons and banned the sale of firearms to buyers under the age of 21.
“Based on what’s happened, and looking at those kids and those parents, it moved us all unimaginably and to think about the loss and the grief that those kids and those parents had, we said, we need to do something,” CEO Ed Stack said last year.
The Hill:
