Dick’s 2Q profit falls, and the retailer lowers its full-year outlook on worries about theft

Dick’s Sporting Goods profit slipped in its second quarter and missed Wall Street’s expectations as the retailer cut its full-year profit outlook, citing worries over theft at its stores. For the period ended July 29, Dick’s earned $244 million, or $2.82 per share. A year earlier the company earned $319 million, or $3.68 per share. Analysts polled by FactSet predicted earnings of $3.81 per share.