BUZZ-US sportswear firms fall after Dick's Sporting Goods cuts annual forecasts
DKS•Sportswear shares fall after Dick's Sporting Goods cuts forecasts
U.S. sportswear firms' shares fell as Dick's Sporting Goods (DKS.N) cut its full-year sales and adjusted profit forecasts.
DKS slumped about 26% as pressure from higher promotions, fewer launches and weak demand drove a second-quarter results miss.
Shares of Nike (NKE.N) were down 2.6%, Lululemon (LULU.O) slipped 3.7% and Deckers Outdoor (DECK.N) fell 3.6%.
Under Armour (UAA.N) slid 2.9%, On Holdings (ONON.N) was down 2% and casual footwear maker Crocs (CROX.O) dropped 3.1%.
