Boston, Massachusetts--(Newsfile Corp. - October 19, 2026) - Block & Leviton reminds investors that a securities fraud lawsuit has been filed against Dick's Sporting Goods, Inc. (NYSE: DKS) and certain of its executives. 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?

The complaint alleges that Dick's Sporting Goods and certain of its executives misled investors about inventory problems at its Foot Locker business. According to the complaint, despite statements that inventory cleanup efforts were complete, Foot Locker remained burdened with older, slow-selling footwear. This left the business particularly vulnerable to increased discounting across the athletic footwear industry, undermining the company's sales and profit projections.

On August 25, 2026, Dick's reported Foot Locker revenue of $1.73 billion, below analysts' expectations of $1.81 billion, and lowered its full-year sales outlook. The company also cut its forecast for Foot Locker's comparable sales from growth of 1.5%-3% to a decline of as much as 2%, acknowledging that increased discounting was significantly affecting the business because of its exposure to older footwear inventory. On this news, Dick's shares fell $55.02, or approximately 30%, to close at $124.31.

Who is eligible?

Anyone who purchased Dick's Sporting Goods common stock between September 8, 2025, and August 24, 2026, 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 should you do next?

The deadline to seek appointment as lead plaintiff is November 3, 2026. A class has not yet been certified, and until a certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member. 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/319736

Source: Block & Leviton LLP