CNBC’s Jim Cramer dives into Dick’s Sporting Goods after its poor Q2 earnings report.
"I agree it was bad, but now it's down 25% bad? Uh-uh, that's wrong," Cramer said, referring to the stock's cumulative drops on Tuesday and Wednesday."I think the problems with Dick's are now baked into the estimates while the longer-term growth opportunities are being ignored," he added.
Dick's reported $2.82 earnings per share, which was less than the $3.81 per share that analysts expected, according to Refinitiv. The company's revenue came in at $3.22 billion, compared to the $3.24 billion expected, according to Refinitiv. And, the athletic goods retailer lowered its profit forecast for the rest of the year.
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