DICK’S Sporting Goods, Inc. Class Action Lawsuit - DKS
Case Summary
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The Dick’s Sporting Goods class action lawsuit seeks to represent purchasers of DICK’S Sporting Goods, Inc. (NYSE: DKS) common stock between September 8, 2025 and August 24, 2026, inclusive (the “Class Period”). Captioned Plumbers & Pipefitters Local Union #295 Pension Fund v. DICK’S Sporting Goods, Inc., No. 26-cv-01860 (W.D. Pa.), the Dick’s Sporting Goods class action lawsuit charges Dick’s Sporting Goods and certain of Dick’s Sporting Goods’ top executives with violations of the Securities Exchange Act of 1934.
If you suffered substantial losses and wish to serve as lead plaintiff of the Dick’s Sporting Goods class action lawsuit, please provide your information in the form on this page. You can also contact attorneys Ken Dolitsky or Michael Albert of Robbins Geller by calling 800/851-7783 or via e-mail at info@rgrdlaw.com. Lead plaintiff motions for the Dick’s Sporting Goods class action lawsuit must be filed with the court no later than November 3, 2026.
CASE ALLEGATIONS: Dick’s Sporting Goods, together with its subsidiaries, operates as an omni-channel sporting goods retailer. On September 8, 2025, Dick’s Sporting Goods allegedly announced the completion of its acquisition of Foot Locker, Inc. for approximately $2.5 billion in cash and stock.
The Dick’s Sporting Goods class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Dick’s Sporting Goods’ cleanup efforts concerning Foot Locker’s inventory were not complete, and, in fact, Foot Locker remained saddled with unproductive and stagnant legacy footwear; (ii) Foot Locker heavily relied on legacy footwear products that were particularly vulnerable to intensifying promotional pressures across the athletic footwear industry; (iii) in turn, Dick’s Sporting Goods was significantly exposed to an industry-wide environment of excess inventory and resulting promotional activity; (iv) accordingly, Dick’s Sporting Goods was unable to achieve the sales growth, margins, and profits it touted to investors; and (v) as a result, defendants’ positive statements about Dick’s Sporting Goods’ business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
On August 25, 2026, before the markets opened, Dick’s Sporting Goods allegedly reported disappointing second-quarter 2026 results, which included revenue of $1.73 billion from Foot Locker that fell well short of analysts’ estimates of $1.81 billion. The complaint alleges that Dick’s Sporting Goods also reduced its net sales guidance for full-year 2026 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 Sporting Goods’ prior forecast of 1.5% to 3% growth. The Dick’s Sporting Goods class action lawsuit further alleges that in a related press release, Dick’s Sporting Goods’ Executive Chairman of the Board of Directors, Edward W. Stack, revealed 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, the price of Dick’s Sporting Goods common stock fell approximately 30%, according to the complaint.
THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased Dick’s Sporting Goods common stock during the Class Period to seek appointment as lead plaintiff in the Dick’s Sporting Goods class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Dick’s Sporting Goods class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Dick’s Sporting Goods class action lawsuit. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Dick’s Sporting Goods class action lawsuit.
ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world’s leading law firms representing investors in securities fraud and shareholder rights litigation. Our Firm ranked #1 on the most recent ISS Securities Class Action Services Top 50 Report, recovering more than $916 million for investors in 2025. This marks our fourth #1 ranking in the past five years. And in those five years alone, Robbins Geller recovered $8.4 billion for investors – $3.4 billion more than any other law firm. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world, and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig.