Boston, Massachusetts--(Newsfile Corp. - August 25, 2026) - Block & Leviton is investigating Dick's Sporting Goods (NYSE: DKS) for potential securities law violations. Investors who have lost money in their Dick's Sporting Goods investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/dks.

What is this all about?

Block & Leviton is investigating whether Dick's Sporting Goods and certain of its executives made misleading statements or failed to disclose material information to investors regarding its recently acquired Foot Locker business. Earlier in the year, management had characterized Foot Locker's turnaround as on track and raised the company's full-year outlook. On August 25, 2026, Dick's reported a second-quarter earnings and revenue miss and slashed its full-year non-GAAP earnings guidance, citing a sharp deterioration at Foot Locker — whose full-year operating outlook swung from a projected profit to a loss. On the news, Dick's shares fell roughly 24%. The investigation concerns whether the problems weighing on Foot Locker were already apparent to management when it made its earlier optimistic statements.

Who is eligible?

Anyone who purchased Dick's Sporting Goods common stock and has seen their shares fall may be eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.

What is Block & Leviton doing?

Block & Leviton is investigating whether the Company committed securities law violations and may file an action to attempt to recover losses on behalf of investors who have lost money.

What should you do next?

If you've lost money on your investment, you should contact Block & Leviton to learn more via our case website, by email at shareholders@blockleviton.com, or by phone at (888) 256-2510.

Whistleblower?

If you have non-public information about Dick's Sporting Goods, you should consider assisting in our investigation or working with our attorneys to file a report with the Securities Exchange Commission under their whistleblower program. Whistleblowers who provide original information to the SEC may receive rewards of up to 30% of any successful recovery. For more information, contact Block & Leviton at whistleblowers@blockleviton.com or by phone at (888) 256-2510.

Why should you contact Block & Leviton?

Block & Leviton is widely regarded as one of the leading securities class action firms in the country. Our attorneys have recovered billions of dollars for defrauded investors and are dedicated to obtaining significant recoveries on behalf of our clients through active litigation in the federal courts across the country. Many of the nation's top institutional investors hire us to represent their interests. You can learn more about us at our website, www.blockleviton.com, call (888) 256-2510 or email shareholders@blockleviton.com with any questions.

This notice may constitute attorney advertising.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/311526

Source: Block & Leviton LLP