Springfield Armory Cuts Dick’s Off Completely

[mikegideon]

2 hours ago, Erik88 said:

The data would suggest otherwise. They are doing just fine.

They were before. Did you ever buy gun stuff there? I bought a pack of targets. I think the only real money I ever spent was some Soloflex stuff. The blip in the stock price looks like a Wall Street Jerk...

 

[QuackerSmacker]

55% of Dick's sales are in apparel and footwear.  Those are showing sales growth everywhere.  Also, Dick's reduced inventories across the board (not just guns) so they had less purchasing expense in this quarter.  They've been expelled from the National Shooting Sports Foundation.   I'm never gonna shop there again, but lots of people will, and most of them either don't care or just don't know any better than to not support these traitors.

[Erik88]

1 hour ago, mikegideon said:

They were before. Did you ever buy gun stuff there? I bought a pack of targets. I think the only real money I ever spent was some Soloflex stuff. The blip in the stock price looks like a Wall Street Jerk...

 

I bought a 10/22 there for my nephew once. $199. They're dead to me now though.

[mikegideon]

4 minutes ago, Erik88 said:

I bought a 10/22 there for my nephew once. $199. They're dead to me now though.

God bless you  

[TripleGGG]

On 5/31/2018 at 6:49 AM, Steelharp said:

Apparently, it worked. Sales are way up, stock is up 27%, announced this morning.

May God save the republic, as we become dinosaurs...

Time will tell. The support doesn't appear to be there to sustain a stock run, but we live in crazy times. They received a lot of free publicity. I personally think this is just a blip and will dissipate. For me personally it doesn't matter because I've not been in their stores in years and definitely do not hold any of their stock. 

[mikegideon]

1 hour ago, TripleGGG said:

Time will tell. The support doesn't appear to be there to sustain a stock run, but we live in crazy times. They received a lot of free publicity. I personally think this is just a blip and will dissipate. For me personally it doesn't matter because I've not been in their stores in years and definitely do not hold any of their stock. 

Blip. Give it a couple of days to finish forming the curve...

 

[btq96r]

On 5/31/2018 at 5:49 AM, Steelharp said:

Apparently, it worked. Sales are way up, stock is up 27%, announced this morning.

May God save the republic, as we become dinosaurs...

The huge upswing was in response to their Q1 earnings, only one month of which encompassed their anti-gun actions...and it isn't a new high or anything.  You can see from their 5y chart they are will below where they were trending for the last few years. 

That said, I don't think their gun policies will either sink or buoy them.  If their Q2 numbers aren't good, it won't be because of gun boycotts, it will be the challenges retail outlets face in general in this day and age.

 

[mikegideon]

1 hour ago, btq96r said:

The huge upswing was in response to their Q1 earnings, only one month of which encompassed their anti-gun actions...and it isn't a new high or anything.  You can see from their 5y chart they are will below where they were trending for the last few years. 

That said, I don't think their gun policies will either sink or buoy them.  If their Q2 numbers aren't good, it won't be because of gun boycotts, it will be the challenges retail outlets face in general in this day and age.

 

Hard to say with these guys. Every Dick's I have visited was really weak in the gun department. It will be interesting to watch.