What's Next for DICK'S Sporting Goods, Inc. Shareholders After 30.68% Stock Drop? Glancy Prongay Wolke & Rotter LLP Explains Securities Fraud Class Action Lead Plaintiff Deadline
Complaint alleges DICK'S Sporting Goods, Inc. misled investors between September 8, 2025 and August 24, 2026; investors may seek lead plaintiff role by November 3, 2026
LOS ANGELES, Oct. 28, 2026 /PRNewswire/ -- Glancy Prongay Wolke & Rotter LLP ("Glancy") announced today that the class action lawsuit covers investors who bought DICK'S Sporting Goods, Inc. ("DICK'S" or the "Company") (NYSE: DKS) securities between September 8, 2025 and August 24, 2026. The DICK'S Sporting Goods, Inc. case, Plumbers & Pipefitters Local Union #295 Pension Fund v. Dick's Sporting Goods, Inc., et al., was filed on September 4, 2026 in the U.S. District Court for the Western District of Pennsylvania (Case No. 2:26-cv-01860).
Investors who suffered losses on DICK'S Sporting Goods, Inc. investments can submit their DICK'S Sporting Goods, Inc. loss information here before the November 3, 2026 lead plaintiff deadline.
Key dates in the DICK'S Sporting Goods, Inc. case
- Class period: September 8, 2025 to August 24, 2026
- Complaint filed: September 4, 2026
- Lead plaintiff deadline: November 3, 2026
What happened?
On August 25, 2026, DICK'S reported second quarter 2026 results, including Foot Locker revenue of $1.73 billion, well below analysts' estimates of $1.81 billion. The Company also lowered its full-year 2026 net sales guidance to a range of $21.9 billion to $22.2 billion (from $22.1 billion to $22.4 billion) and said it now expected Foot Locker's pro forma comparable sales for the year to range from negative 2.0% to 0.0%, down from its prior forecast of 1.5% to 3% growth. Executive Chairman Edward W. Stack attributed the pressure on Foot Locker in part to an athletic footwear market that had become "increasingly promotional."
On this news, DICK'S stock price fell $55.02 per share, or 30.68%, to close at $124.31 per share on August 25, 2026, thereby injuring investors.
What is the DICK'S Sporting Goods, Inc. lawsuit about?
The DICK'S Sporting Goods, Inc. securities lawsuit alleges that, between September 8, 2025 and August 24, 2026, defendants made materially false and/or misleading statements and failed to disclose material adverse facts about DICK'S Sporting Goods, Inc.'s business, operations, and prospects. Specifically, the complaint alleges defendants failed to disclose that: (1) DICK'S efforts to clean up Foot Locker's inventory were not complete, and Foot Locker remained burdened with unproductive, stagnant legacy footwear; (2) Foot Locker relied heavily on legacy footwear products that were especially vulnerable to intensifying promotional pressure across the athletic footwear industry; (3) as a result, DICK'S was significantly exposed to industry-wide excess inventory and the resulting promotional activity; (4) accordingly, DICK'S could not achieve the sales growth, margins, and profits it had touted to investors; and (5) as a result, defendants' positive statements about DICK'S Sporting Goods, Inc.'s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
"The complaint against DICK'S Sporting Goods, Inc. alleges, among other things, that the Company failed to disclose that DICK'S efforts to clean up Foot Locker's inventory were not complete, and Foot Locker remained burdened with unproductive, stagnant legacy footwear. For investors who purchased during the class period, the November 3, 2026 lead plaintiff deadline is the first significant deadline to keep in mind," said Charles H. Linehan, Partner at Glancy Prongay Wolke & Rotter LLP.
What's the next step?
Glancy Prongay Wolke & Rotter LLP is a leading national shareholder rights law firm, ready to assist DICK'S Sporting Goods, Inc. investors in potentially pursuing claims to recover their losses.
If you wish to serve as lead plaintiff in the DICK'S Sporting Goods, Inc. class action, you must move the Court no later than November 3, 2026. To learn more about your rights, visit the DICK'S Sporting Goods, Inc. case page, email [email protected], or call 310-201-9150 (toll-free: 888-773-9224).
You may retain counsel of your choice. If you bought DICK'S Sporting Goods, Inc. securities during the class period, you may take no action and remain an absent class member. No class has been certified yet in the DICK'S Sporting Goods, Inc. case.
Frequently Asked Questions
Who is eligible? Investors who purchased or otherwise acquired DICK'S Sporting Goods, Inc. securities between September 8, 2025 and August 24, 2026 and suffered losses may be members of the proposed class in the DICK'S Sporting Goods, Inc. shareholder lawsuit. Any class member may ask the court to appoint them lead plaintiff by November 3, 2026.
What is a lead plaintiff? In the DICK'S Sporting Goods, Inc. class action, the lead plaintiff is the investor, or group of investors, that the court appoints to represent all class members and oversee the case. Under the Private Securities Litigation Reform Act, courts generally presume the movant with the largest financial interest is the most adequate lead plaintiff.
Do I have to be lead plaintiff to recover? No. A DICK'S Sporting Goods, Inc. investor's ability to share in any future recovery does not depend on serving as lead plaintiff. DICK'S Sporting Goods, Inc. investors may take no action and remain absent class members.
What is the deadline? Motions to serve as lead plaintiff in the DICK'S Sporting Goods, Inc. class action must be filed by November 3, 2026.
Does it cost anything to contact Glancy or participate in this action? Glancy represents DICK'S Sporting Goods, Inc. investors on a contingency fee basis, so investors pay no attorneys' fees out of pocket. Any attorneys' fees and litigation expenses are paid only from a recovery, if one is obtained, and are subject to court approval.
Can I choose my own lawyer? Yes. DICK'S Sporting Goods, Inc. investors may retain counsel of their choice.
Why work with Glancy on the DICK'S Sporting Goods, Inc. lawsuit? Glancy Prongay Wolke & Rotter LLP is a premier law firm with decades of experience representing investors and consumers in securities litigation and other complex class action litigation. Contact Glancy about the DICK'S Sporting Goods, Inc. lawsuit. Prior results do not guarantee a similar outcome.
About Glancy Prongay Wolke & Rotter LLP
Glancy was named one of Law360's Securities Groups of the Year and ranked second in total investor recoveries by ISS Securities Class Action Services in 2025.
Glancy's successes have been widely covered by leading news and industry publications, including The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barron's, Investor's Business Daily, Forbes, and Money.
Prior results do not guarantee a similar outcome.
Related links
- DICK'S Sporting Goods, Inc. case page, Glancy Prongay Wolke & Rotter LLP
- Complaint: Plumbers & Pipefitters Local Union #295 Pension Fund v. Dick's Sporting Goods, Inc., et al., U.S. District Court for the Western District of Pennsylvania
- press release
- DICK'S Sporting Goods, Inc. SEC filings index, EDGAR
- Glancy Prongay Wolke & Rotter LLP
Contact
Glancy Prongay Wolke & Rotter LLP
1925 Century Park East, Suite 2100
Los Angeles, CA 90067
Email: [email protected]
Telephone: 310-201-9150 | Toll-free: 888-773-9224
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SOURCE Glancy Prongay Wolke & Rotter LLP
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