Dick's Sporting Goods reports $150 million in lost sales after halting assault-weapons sales

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FOX NEWS - Dick’s Sporting Goods’ bottom line took a very big hit after halting the sale of assault-style weapons in response to the Parkland school massacre.

The policy change cost the nation’s largest sporting goods retailer about $150 million in lost sales, about 1.7 percent of annual revenue, Bloomberg News reported Friday.

But boss Ed Stack isn’t complaining.

“The system does not work,” Stack said, according to the news outlet. “It’s important that when you know there’s something that’s not working, and it’s to the detriment of the public, you have to stand up.”

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More DICK'S SPORTING GOODS news:

• Dick's Sporting Goods to stop selling hunting rifles, ammunition at 125 stores
• Dick's Sporting Goods to destroy all unsold firearms pulled from shelves after Parkland shooting
• Dick’s Sporting Goods to stop selling assault-style rifles