DICK’S Sporting Goods, Inc. Securities Fraud Class Action Result of Undisclosed Inventory and Promotional Exposure and Over 30% Stock Decline - Investors may Contact Lewis Kahn, Esq., at Kahn Swick & Foti, LLC

NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with substantial losses that they have until November 3, 2026 to file lead plaintiff applications in a securities class action lawsuit against DICK’S Sporting Goods, Inc. (“Dick’s” or the “Company”) (NYSE: DKS), if they purchased the Company’s common stock between September 8, 2025 and August 24, 2026, inclusive (the “Class Period”). This action is pending in the United States District Court for the Western District of Pennsylvania.

What You May Do

If you purchased common stock of Dick’s as above and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-833-538-3615 or via email ([e-mail]), or visit https://www.ksfcounsel.com/cases/nyse-dks/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by November 3, 2026.

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About the Lawsuit

DICK’S Sporting Goods and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On August 25, 2026, before market hours, the Company disclosed disappointing financial results for the second quarter of 2026, including adjusted earnings per share of $3.53, below analysts’ estimates of $3.76, and revenue of $1.73 billion from its Foot Locker business, below analysts’ estimates of $1.81 billion. The Company also reduced its full-year 2026 consolidated net sales guidance and disclosed that it now 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. In the related press release, Executive Chairman of the Board Edward W. Stack stated that conditions across portions of the athletic footwear and apparel marketplace had become “increasingly promotional,” and attributed the more significant impact at Foot Locker to its “greater exposure to legacy footwear silhouettes” and its greater dependence on launch and retro product.

On this news, the price of DICK’S Sporting Goods shares fell $55.02, or approximately 30%, to close at $124.31 on August 25, 2026, on unusually heavy trading volume.

The case is Plumbers & Pipefitters Local Union #295 Pension Fund v. DICK’S Sporting Goods, Inc., et al., No. 2:26-cv-01860.

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About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.

TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services

To learn more about KSF, you may visit www.ksfcounsel.com.

>>>For More Information about the case, Click HERE

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