Kuznicki Law PLLC notifies investors that a class action has commenced in the United States District Court for the Western District of Pennsylvania on behalf of shareholders of DICK’S Sporting Goods, Inc. who purchased shares between September 8, 2025 and August 24, 2026.
DICK’S Sporting Goods and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On August 25, 2026, before market hours, the Company disclosed disappointing financial results for the second quarter of 2026, including adjusted earnings per share of $3.53, below analysts’ estimates of $3.76, and revenue of $1.73 billion from its Foot Locker business, below analysts’ estimates of $1.81 billion. The Company also reduced its full-year 2026 consolidated net sales guidance and disclosed that it now expected Foot Locker’s proforma comparable sales to range from negative 2.0% to 0.0% for the year — down from its prior forecast of 1.5% to 3% growth. In the related press release, Executive Chairman of the Board Edward W. Stack stated that conditions across portions of the athletic footwear and apparel marketplace had become “increasingly promotional,” and attributed the more significant impact at Foot Locker to its “greater exposure to legacy footwear silhouettes” and its greater dependence on launch and retro product.
On this news, the price of DICK’S Sporting Goods shares fell $55.02, or approximately 30%, to close at $124.31 on August 25, 2026, on unusually heavy trading volume.
If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the respective securities during the class periods. Members of the class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. No class has yet been certified in the above action. Appointment as Lead Plaintiff is not required to partake in any recovery.
Shareholders have until November 3, 2026 to request that the court appoint them lead plaintiff.