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'I Don't Want Dick's Sporting Goods to Become Irrelevant,' Says Jim Cramer

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Real Money's Stock of the Day Dick's Sporting Goods (DKS) - Get Free Report fell after releasing earnings before the bell Tuesday.

The sporting goods retailer beat Wall Street's fourth-quarter earnings forecast but reported falling sales.

The Coraopolis, Pennsylvania-based company reported fourth-quarter net income of $102.6 million, or $1.07 a share. Adjusted earnings came to $1.22, exceeding analysts' estimates of $1.06. Net sales declined 6.5% from a year ago to about $2.49 billion, but were ahead of analysts' expectations of $2.48 billion. Same-store sales dipped 2.2%, compared with the FactSet estimate of down 3.3%. A year ago, the company reported earnings of $115.9 million and earnings of $1.11 a share.

"The stock has been trouble even though the company is not," said Jim Cramer. "I don't want [Dick's Sporting Goods] to become irrelevant, but, obviously, if you can't get those comp store sales become irrelevant."

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