The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of shareholders who purchased or otherwise acquired DICK’s Sporting Goods, Inc. (“DICK’s” or the “Company”) (NASDAQ: DKS) common stock between September 8, 2025 and August 24, 2026, inclusive (the “Class Period”). DICK’s Sporting Goods, Inc. investors have until November 3, 2026 to file a lead plaintiff motion.

IF YOU SUFFERED A LOSS ON YOUR DICK’S SPORTING GOODS, INC. (DKS) INVESTMENTS, CLICK HERE TO SUBMIT A CLAIM TO POTENTIALLY RECOVER YOUR LOSSES IN THE ONGOING SECURITIES FRAUD LAWSUIT.

You can also contact the Law Offices of Frank R. Cruz to discuss your legal rights by email at info@frankcruzlaw.com, by telephone at (310) 914-5007, or visit our website at www.frankcruzlaw.com.

What Happened?

On August 25, 2026, Dick’s reported second-quarter 2026 results, including revenue of $1.73 billion from Foot Locker, falling well short of analysts’ estimates of $1.81 billion. Additionally, Dick’s reduced its net sales guidance for full-year 2026 to a range between $21.9 billion to $22.2 billion (down from $22.1 billion to $22.4 billion), and disclosed that it expected Foot Locker’s proforma comparable sales to yield a range of negative 2.0% to 0.0% for the year—down from Dick’s prior forecast of 1.5% to 3% growth.

In the related press release, Dick’s Executive Chairman of the Board of Directors Edward W. Stack disclosed that the athletic footwear marketplace had become “increasingly promotional,” which significantly impacted the Foot Locker business because of its “greater exposure to legacy footwear” and “dependence on footwear launch and retro product.”

On this news, Dick’s Sporting Goods, Inc. stock price fell $55.02 or 30.68%, to close at $124.31 on August 25, 2026, thereby injuring investors.

What Is The Lawsuit About?

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Dick’s cleanup efforts concerning Foot Lockers inventory were not complete, and, in fact, Foot Locker remained saddled with unproductive and stagnant legacy footwear; (2) Foot Locker heavily relied on legacy footwear products that were particularly vulnerable to intensifying promotional pressures across the athletic footwear industry; (3) in turn, Dick’s was significantly exposed to an industry-wide environment of excess inventory and resulting promotional activity; (4) accordingly, Dick’s was unable to achieve the sales growth, margins, and profits it touted to investors; and (5) as a result of the above, Defendants positive statements about the Company’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Contact Us To Participate or Learn More:

If you purchased DICK’S common stock, wish to learn more about this action, or have any questions concerning this announcement or your rights or interests with respect to these matters, please click HERE or contact us at:

Law Offices of Frank R. Cruz
2121 Avenue of the Stars, Suite 800
Century City, CA 90067
Telephone: 310-914-5007
Email: info@frankcruzlaw.com
Visit our website at: www.frankcruzlaw.com

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260909031149/en/

Law Offices of Frank R. Cruz Encourages DICK’s Sporting Goods, Inc. (DKS) Shareholders To Inquire About Securities Fraud Class Action