Dick’s Sporting Goods just had its worst day ever. Here's Jim Cramer's advice on the stock now
CNBC’s Jim Cramer said investors shouldn’t give up on Dick’s after its record 30% plunge.
TL;DR
- Dick's Sporting Goods experienced a historic 30% stock plunge, which Jim Cramer views as a potential buying opportunity.
- The recent decline is attributed to weaker-than-expected second-quarter earnings, revenue, and a slashed full-year profit outlook, primarily driven by issues at the acquired Foot Locker.
- While Foot Locker comps fell, Dick's core business showed comparable sales growth of 4.9%.
- Cramer acknowledges the Foot Locker acquisition, completed in September 2025, appears to be a misstep, reflecting broader industry slowdowns in athletic footwear and apparel.
- Despite potential difficulties in the next couple of quarters due to excess inventory, Cramer remains a long-term believer in Dick's due to its scale as one of the few remaining large sporting goods retailers.