According to CoinMeta, the stock price of Sporting Goods plummeted by over 30% on Tuesday due to earnings that fell short of expectations and weak Foot Locker performance. The company's stock closed at $124.31, a decrease of 30.7%, making it one of the biggest losers on Wall Street that day. Dick's report showed that adjusted earnings per share were $3.53, with revenue at $5.59 billion, both below analysts' forecasts of $3.76 and $5.65 billion respectively. Although sales grew by more than 50% year-over-year, most of this growth came from the acquisition of Foot Locker rather than organic expansion. Foot Locker was acquired in 2025 for approximately $2.4 billion. Dick's comparable sales increased by 4.9%, while Foot Locker's comparable sales decreased by 3.6%. Management now expects annual sales to be between $21.9 billion and $22.2 billion, lower than the previous forecast of $22.1 billion to $22.4 billion.