A securities class action has been filed against DICK’S Sporting Goods, Inc. (“Dick’s” or the “Company”) (NYSE: DKS) and certain officers and executives on behalf of persons and entities that purchased Dick’s common stock between September 8, 2025 and August 24, 2026, inclusive (the “Class Period”).

The action, Plumbers & Pipefitters Local Union #295 Pension Fund v. DICK’S Sporting Goods, Inc., et al., Case No. 2:26-cv-01860, was filed on September 4, 2026 in the U.S. District Court for the Western District of Pennsylvania and alleges violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.

If you purchased Dick’s common stock during the Class Period and suffered a financial loss, contact Kehoe Law Firm to discuss your legal rights without cost or obligation.

What Does the Dick’s Sporting Goods Securities Class Action Allege?

The complaint alleges that Defendants misled investors regarding the Company’s acquisition of Foot Locker, Inc. (“Foot Locker”), touting the acquisition as a strategic opportunity to drive growth and profitability while assuring investors that Foot Locker’s longstanding inventory and promotional challenges had been resolved.

Specifically, the complaint alleges that Defendants failed to disclose that:

• Dick’s cleanup efforts concerning Foot Locker’s inventory were not complete, and, in fact, Foot Locker remained saddled with unproductive and stagnant legacy footwear;
• Foot Locker heavily relied on legacy footwear products that were particularly vulnerable to intensifying promotional pressures across the athletic footwear industry;
• In turn, Dick’s was significantly exposed to an industry-wide environment of excess inventory and resulting promotional activity;
• Accordingly, Dick’s was unable to achieve the sales growth, margins, and profits it touted to investors; and
• As a result, 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.

The August 25, 2026 Disclosure and DKS Stock Decline

According to the complaint, before markets opened on August 25, 2026, Dick’s issued a press release announcing its financial results for the second quarter of 2026. The Company reported adjusted earnings per share of $3.53, which fell short of analysts’ estimates of $3.76 per share, and disclosed that Foot Locker generated revenue of $1.73 billion, significantly below analysts’ expectations of $1.81 billion. Dick’s also reduced its full-year 2026 consolidated net sales guidance to a range between $21.9 billion and $22.2 billion, down from $22.1 billion to $22.4 billion, and 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.

The complaint states that Dick’s disclosed that conditions across portions of the athletic footwear and apparel marketplace had become increasingly promotional and that this environment had a more significant impact on Foot Locker due to its greater exposure to legacy footwear silhouettes and greater dependence on footwear launch and retro product. The complaint alleges that, on this news, the price of Dick’s common stock fell $55.02 per share, or approximately 30%, to close at $124.31 per share on August 25, 2026.

Dick’s Investors: Contact Kehoe Law Firm

Investors who purchased Dick’s common stock during the Class Period and suffered financial losses are encouraged to complete Kehoe Law Firm’s confidential Stockholder Information Request Form or send us a message to discuss their legal rights.

For a free, no-obligation legal evaluation, contact:

Michael Yarnoff, Esq.
(215) 792-6676, Ext. 804
[email protected]
[email protected]

Lead Plaintiff Deadline: November 3, 2026. Investors who wish to seek appointment as lead plaintiff must do so by November 3, 2026. Investors do not need to seek appointment as lead plaintiff to remain potential members of the proposed class or to be eligible to share in any potential recovery.

About Kehoe Law Firm, P.C.

Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action law firm representing investors, consumers, and employees in matters involving securities fraud, corporate misconduct, mergers and acquisitions, antitrust violations, whistleblower claims, data breaches, consumer fraud, employment law violations, and retirement-plan mismanagement. Its attorneys have served as lead or co-lead counsel in major securities cases, recovering more than $10 billion for institutional and individual investors.

Kehoe Law Firm’s class action legal services are provided on a contingency-fee basis, meaning plaintiffs are not responsible for attorneys’ fees or litigation expenses. Any request for attorneys’ fees and expenses will be subject to court approval.

PHONE

Tel: 215-792-6676

EMAIL

[email protected]