Pomerantz LLP has filed a class-action lawsuit against DICK'S Sporting Goods, Inc., alleging the company and some of its officers committed securities fraud or other unlawful business practices. The suit claims DICK'S made misleading statements about inventory and promotional activities following its acquisition of Foot Locker, Inc.
The lawsuit follows DICK'S disappointing second-quarter 2026 results, with earnings and revenue below analyst expectations, particularly for Foot Locker. The company also lowered its full-year sales guidance.
Investors who purchased DICK'S securities between September 8, 2025, and August 24, 2026, have until November 3, 2026, to seek lead plaintiff status.