Dick's Sporting Goods drops 20% as Cramer ties the pain to Foot Locker
As seen on the 24/7 Wall St. homepage on August 25, 2026.
Cramer is pinning Dick's Sporting Goods' 20% drop and cut full-year guidance on its newly acquired Foot Locker business, putting the whole athletic footwear channel on notice.
Foot Locker does it again, this time with Dick's
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Jim Cramer posted on August 25, 2026, drawing a direct line between Dick's Sporting Goods' 20% single-day drop and its newly acquired Foot Locker business, suggesting the troubled athletic footwear retailer has become a contagion for its new parent.
Dick's also cut its full-year guidance alongside the selloff, a combination that signals the Foot Locker integration is creating more financial drag than the market had priced in.
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Cramer's framing, that Foot Locker 'does it again,' pins the blame on the acquired business, a key distinction for investors weighing whether the damage is company-specific or a broader athletic retail story.
The post drew 29 replies on X, with traders debating how deep the damage runs across the athletic footwear channel.