{"id":1001468,"date":"2026-09-08T14:42:02","date_gmt":"2026-09-08T18:42:02","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-dicks-sporting-goods-inc-dks\/"},"modified":"2026-09-08T14:42:02","modified_gmt":"2026-09-08T18:42:02","slug":"gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-dicks-sporting-goods-inc-dks","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-dicks-sporting-goods-inc-dks\/","title":{"rendered":"Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against DICK\u2019S Sporting Goods, Inc. (DKS)"},"content":{"rendered":"
\n

NEW YORK, Sept. 08, 2026 (GLOBE NEWSWIRE) — Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Western District of Pennsylvania on behalf of all persons or entities who purchased or otherwise acquired DICK\u2019S Sporting Goods, Inc. (\u201cDick\u2019s\u201d or the \u201cCompany\u201d) (NYSE: DKS) securities between September 8, 2025 and August 24, 2026, inclusive (the \u201cClass Period\u201d).<\/p>\n

The Complaint alleges that Defendants misled investors regarding the Company\u2019s acquisition of Foot Locker, touting the acquisition as a strategic opportunity to drive growth and\u00a0profitability while assuring investors that Foot Locker\u2019s longstanding inventory and promotional challenges had been resolved. The Complaint alleges that in reality, those problems persisted, as Foot Locker remained heavily dependent on legacy footwear products that were exposed to intensifying promotional pressures across the athletic footwear industry. The Complaint alleges that as a result, Dick\u2019s was never positioned to deliver the sales growth and profitability from the Foot Locker acquisition that it had touted to investors.<\/p>\n

The Complaint further alleges that truth was revealed to investors before markets opened on August 25, 2026, when Dick\u2019s reported disappointing second-quarter 2026 results, which included revenue of $1.73 billion from Foot Locker that fell well short of analysts\u2019 estimates of $1.81 billion. The Complaint alleges that Dick\u2019s also reduced its net sales guidance for full-year 2026 and disclosed that it expected Foot Locker\u2019s proforma comparable sales to yield a range of negative 2.0% to 0.0% for the year\u2014down from Dick\u2019s prior forecast of 1.5% to 3% growth.<\/p>\n

Investors who purchased or otherwise acquired shares of Dick\u2019s should contact the Firm prior to the November 3, 2026<\/em><\/strong> lead plaintiff motion deadline. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to discuss your rights or interests regarding this class action, please contact Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. of Gainey McKenna & Egleston at (212) 983-1300, or via e-mail at tjmckenna@gme-law.com<\/u><\/a> or gegleston@gme-law.com<\/u><\/a>.<\/p>\n

Please visit our website at http:\/\/www.gme-law.com<\/u><\/a> for more information about the firm.<\/p>\n

\"\"
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<\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, Sept. 08, 2026 (GLOBE NEWSWIRE) — Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Western District of Pennsylvania on behalf of all persons or entities who purchased or otherwise acquired DICK\u2019S Sporting Goods, Inc. (\u201cDick\u2019s\u201d or the \u201cCompany\u201d) (NYSE: DKS) securities between September 8, 2025 and August 24, 2026, inclusive (the \u201cClass Period\u201d). The Complaint alleges that Defendants misled investors regarding the Company\u2019s acquisition of Foot Locker, touting the acquisition as a strategic opportunity to drive growth and\u00a0profitability while assuring investors that Foot Locker\u2019s longstanding inventory and promotional challenges had been resolved. The Complaint alleges that in reality, those problems persisted, as Foot Locker … <\/p>\n

Continue reading “Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against DICK\u2019S Sporting Goods, Inc. (DKS)”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1001468","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nGainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against DICK\u2019S Sporting Goods, Inc. 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