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This Stock Is Skating on Thin Ice. Can It Turn Things Around?

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This Stock Is Skating on Thin Ice. Can It Turn Things Around?: https://g.foolcdn.com/editorial/images/687513/dks.jpg

Dick's Sporting Goods (NYSE: DKS) has flexed its financial muscle to acquire inventory while the worldwide supply chain is in disarray. Now, its inventory levels are at an all-time high, and a slowing economy could spell disaster for the sports retailer.

As people returned to basketball courts and baseball fields in 2021 after a pandemic-stricken 2020, customers flocked to Dick's stores and other sporting goods retailers. Not surprisingly, the company had a banner year in fiscal 2021. Revenue for the year increased 28% to an all-time record of $12.3 billion.

Image source: Getty Images.

Source Fool.com

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