DICK’s Sporting Goods, Inc. (NASDAQ: DKS)

This lawsuit is for anyone who acquired securities in DICK’s Sporting Goods, Inc. (NASDAQ: DKS) from September 8, 2025 through August 24, 2026.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by telling investors that inventory issues with the Company’s recently acquired Foot Locker business were resolved when the Company knew that the issues were not resolved.

On August 25, 2026, Dick’s announced second quarter 2026 results, including earnings per share of $3.50, compared to earnings per share of $4.71 in the prior year quarter. The Company also reported “Proforma comps for the Foot Locker Business declined 3.6%,” and stated “[a]s the quarter progressed, conditions across portions of the athletic footwear and apparel marketplace became increasingly promotional.” As a result, the Company slashed its full year guidance, including that expected operating income guidance was cut by $255 million at the midpoint, from $1.75 billion to $1.495 billion. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in DICK’s Sporting Goods, Inc. (NASDAQ: DKS) from September 8, 2025 through August 24, 2026 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.