A combination of higher costs and growing retail theft pushed the bottom line down 23% to $244,331,000 from $318,502,000 in Q2, as revenues grew 4% to $3,223,643,000 from $3,112,419,000, including a +1.8% comp. Transactions increased by 2.8%, but average ticket dipped 1%, with non-comp sales from warehouse locations and Moosejaw making up the balance. Results accelerated in July at the end of the quarter, as Back-to-School kicked off, and the seven House of Sport locations outperformed. The weaker-than-expected Q2 earnings and lowered guidance sent DKS shares down more than 20% in ... Log in to view full article.