BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Dick’s Sporting Goods, Inc. (“Dick’s” or the “Company”) (NYSE: DKS) investors concerning the Company and its officers’ possible violations of federal securities laws.
On May 12, 2017, Dick’s reported that a “computation error resulted in a $23.4 million overstatement of Adjusted EBITDA amounts for both the 13 weeks and 52 weeks ended January 28, 2017.” On this news, shares of Dick’s have fallen more than 5% during intraday trading on May 12, 2017.
On May 16, 2017, the Company announced a slowdown in sales growth with same-store sales rising 2.4 percent, short of the average 3.6 percent estimated by analysts. The Company’s CEO announced that the Company is taking steps to reduce expenses. On this news shares of Dick’s fell over 13% during intraday trading on May 16, 2017.
If you purchased Dick’s securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at www.howardsmithlaw.com.
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