I am reading through the cc transcript. The CEO noted "strategic decisions" the company made in the low margin hunt and electronics business as well as Under Armour problems as reason for the sales decline. They further noted that they are going to evaluate options for hunting products, and it sounds like they are going to trim those products back a lot. The CEO responded to a question and indicated their policy on firearms is part of the sales problem.

On a more personal note, I still shop at Dick's quite a bit. I think they are going through skew rationalization because the last few times I went they are not carrying a product in store that I had previously bought there. The sales staff directs you to the website. I also noted that the quality of some of their pro sports clothing is poor. A lot of the shirts are crappy quality with very thin or uncomfortable materials.

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Hawaii (fuck) You

Look up all big box retailers on December 2016 and let me know where their shares are.

Fact: Gun policy decision did NOT affect any portion of Dick's business.

_________________
Rick Hahn is the best GM in baseball.

February 28th is the day they announced it. They were at $32. They are at $35.60 with the bad news actually being about Under Armour. A 10% gain with the bad news isn't too bad.
I thought guns were for home defense and against tyranny?

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You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

From the CEO on today's earning call:

"Edward W. Stack
Chairman & CEO

Well, we can't, but if you take a look at that, our comps, without those, are up 1%. And when you think about it, the concern with our negative comp, and I can understand that, but it's really focused on 3 things that are changing. One, business we are exiting, which is the electronics business. We're downplaying the hunt business based on what's going on, not only from what -- our policy in firearms, but just the industry is challenged. And we are repositioning a third with Under Armour and we're pretty excited about what we can do with Under Armour as we kind of move into '19. The other ones are businesses that are going to -- we're, like I said, exiting or significantly downplaying.

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Hawaii (fuck) You

Most big box retailers are doing well. Let's use December 2016 as a benchmark here...

Best Buy was at $47 a share, now at $77. Walmart was at $69 a share, now $95. Target was at $72 a share, now $87...

All of those companies are up during a period in which Dick's market cap declined 40%

Also, the gun policy did affect their business. Their CEO even said so on the conference call this afternoon. Want to continue making an ass of yourself, or are we done here? Your "facts" are more wrong than Donald Trump's facts.

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“When I walked in this morning, and saw the flag was at half mast, I thought 'alright another bureaucrat ate it.'" - Ron Swanson

You are ignoring the fact that the CEO himself blamed the gun policy as being a large chunk of the same stores decline. Expect that to deepen as we move into the fall hunting season.

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“When I walked in this morning, and saw the flag was at half mast, I thought 'alright another bureaucrat ate it.'" - Ron Swanson

From year end earnings:

Michael Lasser
UBS Investment Bank, Research Division

Ed, can you unpack your comp guidance for this year, flat to down low single digit. At the midpoint would be worse than what you did in 2017 suggesting you are expecting some degradation, is that because you think the industry demand is going to degrade this year? Or your share won't be as good as it was last year?


Edward W. Stack
Chairman & CEO

Well, I think there's going to be still some -- I think there's going to still be some pressure with Under Armour. And then the announcement we made 2 weeks ago regarding our firearms policy is not going to be positive from a traffic standpoint and a sales standpoint.

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Hawaii (fuck) You

denis is quoting him. Under Armour is the primary reason.

Anyways, the fact is that from the moment the policy was announced they are up 10%.

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You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

Denis is finding the gems, but it should be noted that this most recent quarter was retail's best where almost every store saw an increase in same store sales (which is brick and mortar retail's most important metric). Dick's saw a decline.

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“When I walked in this morning, and saw the flag was at half mast, I thought 'alright another bureaucrat ate it.'" - Ron Swanson

That does not imply what you think it implies. Also, you understand a CEO wanting to spin a downtrend to shareholders as something temporary and not something that would signal a more foundation shaking issue within a business model.

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Rick Hahn is the best GM in baseball.

Shares may be up, but with the decline in same store sales, you can expect them to fall below where they were previously. The next quarter is where the loss of hunting will hit them the hardest.

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“When I walked in this morning, and saw the flag was at half mast, I thought 'alright another bureaucrat ate it.'" - Ron Swanson

For the most recent quarter, 200 basis points was due to hunt/electronics and 300 due to Under Armour. That is, comps were down 4% (400 basis points) but up 1% if you exclude Hunt/Electronics and Under Armour.

I have no horse in this game. I don't hunt or own a gun, but fully support gun rights. I am just using my public company knowledge to give you guys the real data.

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Hawaii (fuck) You

Sounds like you should be shorting that stock then if you know a 10% decline is coming that quickly.

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You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

You might want to stick to fast food and hot hatches. Public company analysis is my specialty, and I already blew away your proclamation that it had no impact. I posted two direct quotes from the CEO plus the real sales numbers to show it had an impact.

I don't want to imply that you're wrong, so I'll explicitly state it.

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Hawaii (fuck) You

Dick's Says Under Armour, New Gun-Sales Policy Dragged on Results

From: Dow Jones Newswires
Aug-29-2018 12:52 PM (2 hours, 55 minutes ago)


Dick's Sporting Goods Inc. said weaker sales of Under Armour Inc. apparel and a decision to pull back from the
hunting business dragged on the retailer's latest quarterly results.

Comparable-store sales fell 4%, Dick's said. Not adjusting for the 53rd week last year, the company's same-store
sales declined 1.9%.

The weaker-than-expected results bucked a trend in the retail sector, which largely has benefited from a surge in
consumer spending fueled by a booming economy.

Consumer confidence for August, measured by the Conference Board's consumer confidence index, was the highest its
been in about 18 years. That sentiment, along with other factors, has powered companies such as Walmart Inc. and Target
Corp. to their best quarterly results in more than a decade.

Dick's said part of the company's sales problems were a result of Under Armour's decision to sell in more stores
including Kohl's.

Also hurting sales was Dick's decision to tighten its policy on gun sales after 17 people were killed in a February
shooting at a Parkland, Fla., high school. The retailer halted sales of any firearms to people under age 21 at all of
its 845 Dick's and Field & Stream stores, and stopped selling assault-style weapons at Field & Stream.

Under Armour's results accounted for three percentage points of declining sales at Dick's, while weakness in the
hunting and electronics categories contributed two percentage points of decline. When excluding Under Armour and the
hunting and electronics business, comparable-store sales fell 1%.

"Notwithstanding these challenges, the health of our core business is relatively strong, and we're confident sales
trends will improve next year as these headwinds are expected to subside," Dick's Chief Executive Edward Stack said on a
call with analysts to discuss the results.

Shares of the company, up 23% year to date, were off 3% on Wednesday afternoon.

Mr. Stack said hunting is a low-margin business that was underperforming. As Dick's clears out products from more
stores, he said, it will use the space to expand into more profitable areas such as baseball gear.

Mr. Stack also said Under Armour is likely to be "much less of a drag" in 2019. Dick's plans to expand a
merchandise line with the actor Dwayne "The Rock" Johnson that is sold by only Dick's and Under Armour, Mr. Stack said
on the call. He said "there hasn't been any meaningful change in the relationship" between the companies.

Net income rose 6.2% to $119.4 million for the company's second quarter ended Aug. 4, compared with a year earlier.
Dick's reported earnings of $1.20 a share, up from $1.03 a share. Analysts polled by Thomson Reuters had expected the
company to post earnings of $1.05 a share.

Net sales rose 1% to $2.18 billion. Analysts had expected $2.24 billion.

Dick's said it expects its earnings for the year to be between $3.02 a share and $3.20 a share. The company had
previously expected earnings of between $2.92 and $3.12 a share. The company said it now expects same-store sales to
fall between 3% and 4%. It had previously expected same-store sales to be roughly flat to down by a low-single-digit
percentage. Dick's now expects net capital expenditures to be $225 million for the year. It had previously expected them

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Hawaii (fuck) You

You may know numbers but you have absolutely no idea what 'spin' is. You're also continuing to combine electronics and hunt together, and I will also point out that a hunting department consists of more than just firearms.

_________________
Rick Hahn is the best GM in baseball.

Dick's Gun Policy Hits Sales -- WSJ

From: Dow Jones Newswires
Mar-14-2018 1:32 AM (168 days ago)


This article is being republished as part of our daily reproduction of WSJ.com">http://WSJ.com">WSJ.com articles that also appeared in the U.S.
print edition of The Wall Street Journal (March 14, 2018).

Dick's Sporting Goods Inc. said its decision to no longer sell guns to anyone under 21 years old has hurt traffic
and retail sales as the move upset some customers and exacerbated headwinds to its hunting and gun business.

Last month, after a Parkland, Fla., high-school shooting left 17 people dead, Dick's and Walmart Inc. were among
retailers that announced age restrictions on gun sales.

Tuesday, Dick's said it was surprised by the "outpouring of support" for its new gun policies but also said that
some customers were choosing to shop elsewhere.

"Some of those customers that buy firearms, buy other things also," Dick's Chief Executive Edward Stack told
analysts on a conference call. "There are just going to be some people who just don't shop us anymore for anything."

Under current law, licensed gun dealers can sell a handgun to someone 21 years old and sell a rifle to someone who
is 18. President Donald Trump initially seemed open to raising the age limit for rifle sales, but a plan from his
administration to reduce gun violence instead called for funding to train school staffers to carry guns. The plan also
called to create a federal panel to study age restrictions and other potential changes in laws and to make
recommendations later.

Dick's said it was hurt by weak overall demand for guns, which impacted both competitors and suppliers. Gun maker
Remington Outdoor Co. is planning to file for bankruptcy protection as early as next week as it built capacity when gun
sales were soaring but sales dropped after Mr. Trump took office. Earlier this month, American Outdoor Brands Corp.
forecast weak firearm sales for at least a year, becoming the latest gun maker to report disappointing quarterly
results.

Dick's said its hunting business posted negative comparable-store sales and expects the challenges to continue this
year, with its new gun policies being an additional burden.

Shares fell 2.5% in midday trading Tuesday as the company reported a comparable-store sales decline of 2% in its
latest quarter. Analysts polled by Consensus Metrix had expected a 1.2% decline.

Fourth-quarter revenue rose 7.3% to $2.66 billion, which included an extra week compared with the same period a
year earlier.

Dick's earned a profit of $116 million, or $1.11 a share, compared with $90.2 million, or 81 cents a share, in the
same period a year before. On an adjusted basis, earnings per share came in at $1.22, more than the $1.20 expected from
analysts polled by Thomson Reuters.

Dick's also said it would devote less store space to selling electronic fitness trackers, as margins and sales
continue to fall in the market for those products.

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Hawaii (fuck) You

I recognize that you're trying to spin you're completely wrong, uninformed opinion into a win when you got obliterated on every level. I posted two articles from different time periods, two CEO quotes, and the real numbers. You posted nothing but conjecture.

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Hawaii (fuck) You

Let me summarize those articles for you:

"Dick's pulls back on under-21 firearm sales since their entire hunting and firearms departments underperformed in the first place."

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Rick Hahn is the best GM in baseball.

No, don't summarize. Read the whole articles. Let me start you off:

"Some of those customers that buy firearms, buy other things also," Dick's Chief Executive Edward Stack told
analysts on a conference call. "There are just going to be some people who just don't shop us anymore for anything."

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Hawaii (fuck) You

Take the loss Mr Upper Class.

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Hawaii (fuck) You

Everything about those articles says exactly what Rick and I have been saying. You've taken a hunting department that was trending downward for years, and it has continued downward, and you're blaming it on a firearm policy enacted in February 2018?

If this policy caused them to lose so much foot traffic, why aren't other departments hurting?

_________________
Rick Hahn is the best GM in baseball.

It's strange. I don't see denis saying you should short the stock because of the policy, and even with the bad news they are up about 10% since that policy was announced.

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You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

Because GDP is growing 4% and their main competitor is gone, so they are getting a bigger piece of a bigger pie. Their comp sales grew 1% excluding those departments, and that is nowhere where it should be. They should be growing comps 3-5% on average. It is having an impact, but you're too married to an incorrect theory to see it.

I don't short stocks Rick. I have played in the options market (puts) but only for event driven stocks like ones subject to merger announcements or FDA drug approvals.

Dick's is way undervalued relative to retail peers. They are supposed to make $3.10 per share for fiscal 2019 with the shares at around $35. If I was so inclined, the stock is a buy.

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Hawaii (fuck) You

I go to the shooting range a few times per year. I used to purchase ammo, targets, and cleaning supplies at Dicks. Since their announcement, I honestly don’t know whether they stock those items any more, so I don’t even look there.

On a side note, I feel they are frequently out of certain sizes of shoes or popular items (e.g. soccer spikes in the fall, baseball gear in the spring), so I use Amazon more.

It's just hunting stores or maybe not:

Sportsman's Warehouse Holdings, Inc. Announces Second Quarter 2018 Financial Results

MIDVALE, Utah, Aug. 23, 2018 (GLOBE NEWSWIRE) -- Sportsman's Warehouse Holdings, Inc. ("Sportsman's" or the “Company”) (Nasdaq:SPWH) today announced financial results for the thirteen and twenty-six weeks ended August 4, 2018.

Jon Barker, Chief Executive Officer, stated, “We are pleased with our second quarter performance as our top line results were in line with expectations, including a comparable sales increase of 0.2%, and bottom line results were a penny above our outlook driven by our better than expected gross margins. We made good progress on the priorities we set at the start of the year including our omni-channel strategy of store growth and e-commerce investment, customer acquisition and engagement and merchandising assortment. These strategic growth initiatives combined with our convenient shopping experience, breadth of assortment and category expertise are fueling continued market share gains as we focus on enhancing our competitive positioning.”

For the thirteen weeks ended August 4, 2018:
•Net sales increased by 6.2% to $203.3 million from $191.5 million in the second quarter of fiscal year 2017. Same store sales increased by 0.2% from the comparable prior year period.

For the twenty-six weeks ended August 4, 2018:
•Net sales increased by 10.0% to $383.3 million from $348.4 million in the first half of fiscal year 2017. Same store sales increased by 1.7% from the comparable prior year period.


About Sportsman's Warehouse Holdings, Inc.

Sportsman's Warehouse is a high-growth outdoor sporting goods retailer focused on meeting the everyday needs of the seasoned outdoor veteran, the first-time participant and every enthusiast in between. Our mission is to provide a one-stop shopping experience that equips our customers with the right quality, brand name hunting, shooting, fishing and camping gear to maximize their enjoyment of the outdoors.

Kevan P. Talbot
CFO & Secretary

Yes, Dan. The firearms revenue on a same-store sales basis were up 3.6%. Our ammunition revenue was up 0.6%. Our hunting department in total, which includes the firearms and ammunition in total, was up 0.5%. So the accessories and other things, obviously you can do the math there. They were flattish as well and brought down the category slightly. So that's our overall hunting department. Everything else was down 0.1%. We saw good results out of our footwear and our fishing department. Our optics, electronics and accessories was relatively flat. And as Jon alluded to, camping struggled little bit because of the drought conditions and the fires during this quarter.

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Hawaii (fuck) You

They have a sku problem. I think they are managing their selection (number of sku's) and total inventory (amount stocked of a given sku). Retailers love to run tight in store inventory and try to drive you online or have it shipped to your house, but they neglect to realize customers stop coming to the stores when it happens often.

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Hawaii (fuck) You

That’s why I don’t shop at REI anymore. They even had different prices at the store vs their website and wouldn’t pricematch with themselves.

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I quit shopping at Dick's when they quit selling guns. Their prices are pretty high relative to other retailers also.

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An Ode to the Texas man who shot an Antifa terrorist:

Oh, he might have went on livin'
But he made one fatal slip
When he tried to match the Ranger
With the big iron on his hip

IMU=STUPID

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An Ode to the Texas man who shot an Antifa terrorist:

Oh, he might have went on livin'
But he made one fatal slip
When he tried to match the Ranger
With the big iron on his hip