Dick’s Sporting Goods just had its worst day ever. Here's Jim Cramer's advice on the stock now

BREAKING: Dick's Sporting Goods plunges a record 30%, its worst day ever, after profit and sales missed and the retailer slashed its full-year outlook. $DKS

Dick's Sporting Goods just dropped thirty percent, its worst day ever.

Profit missed, revenue missed, and the full-year outlook got slashed. But here's the detail worth knowing. The core Dick's business is actually fine, comparable sales up four point nine percent, right on target. The damage is all Foot Locker, the chain Dick's bought last September. Foot Locker comps fell three point six percent when Wall Street expected growth, and the company cut its sales forecast for that side of the house entirely.

Jim Cramer isn't running, and you can hear him say it. He points out the last time this stock cratered, back in 2023, it bottomed two months later around a hundred dollars and then ran up roughly one hundred fifty percent. After today's washout, Dick's trades at about nine times 2027 earnings.

So the real question is whether they bought a bargain in Foot Locker, or a boat anchor. Right now the market's voting anchor.

This is Sara White, reporting for HIT.