Dick's Sporting Goods Tumbles 25% as Foot Locker Drags Down Guidance; Lululemon Drops 4%, Nike Declines 3%

Dick's Sporting Goods (DKS) cut its full-year earnings guidance by more than $2/share, weighing on the stock and pulling the broader athletic retail complex lower. The downgrade signals near-term earnings pressure and increases uncertainty for retailers exposed to sportswear demand.