(Reuters) – Dick’s Sporting Items Inc (DKS.N), the U.S. retailer who raised the minimal age to buy firearms following the bloodbath at a Florida highschool, mentioned on Tuesday it anticipated the affect from the modifications to linger all through 2018.
The corporate’s shares have been down almost 5 p.c at $31.
“The announcement we made 2 weeks in the past relating to our firearms coverage shouldn’t be going to be optimistic from a visitors standpoint and a gross sales standpoint,” Chief Government Officer Edward Stack mentioned on a post-earnings name with analysts.
Together with the affect of the modifications to firearms gross sales insurance policies, the corporate mentioned it now anticipated 2018 revenue of $2.83 per share and consolidated same-store gross sales to be flat to a low single-digit decline.
Reporting by Nivedita Balu in Bengaluru; Modifying by Sriraj Kalluvila