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Why is Dicks Sporting Goods Inc (DKS) Stock down?

22 Aug, 2023:

Shares of DICK'S Sporting Goods, Inc. (DKS) were down 24.25% to $111.53 after the company reported worse-than-expected second-quarter results and lowered FY23 guidance. The company reduced the adjusted EPS outlook to $11.50-$12.30 from $12.90-$13.80 vs. the consensus of $13.49.

https://www.benzinga.com/news/earnings/23/08/33992259/crude-oil-falls-dicks-sporting-goods-earnings-miss-views

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