NEW YORK, Sept. 24, 2026 /PRNewswire/ — Pomerantz LLP announces that a class action lawsuit has been filed against DICK’S Sporting Goods, Inc. (“Dick’s” or the “Company”) (NYSE: DKS). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
The class action concerns whether Dick’s and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
You have until November 3, 2026, to ask the Court to appoint you as Lead Plaintiff for the class if you purchased or otherwise acquired Dick’s securities during the Class Period. A copy of the Complaint can be obtained at www.pomerantzlaw.com.
[Click here for information about joining the class action]
On September 8, 2025, Dick’s announced the completion of its acquisition of Foot Locker, Inc. (“Foot Locker”), a prominent footwear and apparel retailer, for approximately $2.5 billion in cash and stock.
On August 25, 2026, before the market opened, Dick’s issued a press release announcing its financial results for the second quarter of 2026. Specifically, the Company reported adjusted earnings per share of $3.53 per share, which fell short of analysts’ estimates of $3.76 per share. Notably, Dick’s also disclosed that Foot Locker generated revenue of only $1.73 billion, significantly below analysts’ expectations of $1.81 billion. The Company also reduced its full-year 2026 consolidated net sales guidance to a range between $21.9 billion to $22.2 billion (down from $22.1 billion to $22.4 billion). Dick’s further revealed that it expected Foot Locker’s proforma comparable sales to yield a range of negative 2.0% to 0.0% for the year – a sharp deterioration from Dick’s prior forecast of 1.5% to 3% growth for Foot Locker.
In the press release, Executive Chairman Edward Stack conceded that “[a]s the quarter progressed, conditions across portions of the athletic footwear and apparel marketplace became increasingly promotional, and we took action to remain competitively priced.” Stack further explained 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.” Stack also noted that “[n]ot only were there fewer launches in the second quarter, but those launches performed below both industry and our expectations.”
Following these disclosures, Dick’s stock price fell $55.02 per share, or approximately 30%, to close at $124.31 per share on August 25, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Danielle Peyton
Pomerantz LLP
dpeyton@pomlaw.com
646-581-9980 ext. 7980
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SOURCE Pomerantz LLP
