Grabar Law Office Investigates Claims on Behalf of Shareholders of Dick's Sporting Goods, Inc. (DKS)

Philadelphia, Pennsylvania--(Newsfile Corp. - March 5, 2024) - A recently filed securities fraud class action complaint alleges that Dick's Sporting Goods, Inc., (NYSE: DKS) through certain of its officers and directors, made false and/or misleading statements and/or failed to disclose that: (i) demand for products in Dick's Outdoor segment was slowing faster than Defendants represented, resulting in excess inventory; (ii) the "structural changes" that Defendants repeatedly touted, including differentiated products, improved pricing technology, and more efficient clearance channels, did not allow the Company to manage its excess inventory without hurting the Company's profitability; (iii) the need to liquidate excess inventory, including in the Outdoor segment, would have a materially negative effect on the Company's profitability; and (iv) as a result of (i)-(iii) above, Defendants' statements about Dick's business condition and prospects were materially false and misleading when made.

Current Dick's shareholders who have held Dick's shares since prior to May 25, 2022 can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to them whatsoever.

If you would like to learn more about this matter, you are encouraged to visit https://grabarlaw.com/the-latest/dicks-shareholder-investigation/, or contact Joshua H. Grabar at jgrabar@grabarlaw.com or Mia R. Heller at mheller@grabarlaw.com, or call 267-507-6085. $DKS #Dick'sSportingGoods #DSG

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Contact:
Joshua H. Grabar, Esq.
Grabar Law Office
One Liberty Place
1650 Market Street, Suite 3600
Philadelphia, PA 19103
Tel: 267-507-6085
Email: jgrabar@grabarlaw.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/200434