The company removed firearms and hunting accessories from 10 stores last fall as a test. The test went well and sales grew in those stores, Dick's said. So the company decided to pull guns, ammunition, and firearm accessories from an additional 125 stores where sales of the merchandise have underperformed.
The company's stock fell sharply this week after it reported sluggish earnings. Shares has fallen around 6% this year.
This is the latest move by the retailer to scale back its gun sales, even though overall sales have lagged. Stack also hinted that Dick's could remove guns from more of its stores in the future. The company operates more than 720 Dick's stores around the country.
"We look at this as a multi-year initiative," he said. "If it goes as well as expected, we would probably take another batch of stores next year," Stack said.
"You know everybody talks about thoughts and prayers going out to them, that's great, that does not really do anything," he said. CNN after the shooting. "We felt we needed to take a stand and do this."
"I basically said, 'I do not care what the financial implication is,'" he recalled at a recent appearance at the WSJ CEO Council. ] – CNN Business' Chris Isidore contributed to this report.