Dick's Sporting Goods faces a securities class action filed in the U.S. District Court for the Western District of Pennsylvania on behalf of investors who acquired its securities between September 8, 2025, and August 24, 2026. Gainey McKenna & Egleston says the complaint alleges Dick's promoted its Foot Locker acquisition as a source of growth and profitability while misrepresenting the extent of Foot Locker's unresolved inventory, legacy-footwear and promotional challenges. The suit cites Foot Locker's second-quarter 2026 revenue of $1.73 billion, below analysts' $1.81 billion estimate, along with reduced full-year net-sales guidance and a revised forecast for Foot Locker pro forma comparable sales of negative 2.0% to 0.0%, compared with prior projected growth of 1.5% to 3%. Investors seeking lead-plaintiff status must apply by November 3, 2026. The filing adds to notices from Bernstein Liebhard LLP and Rosen Law Firm concerning the same class period, while Bleichmar Fonti & Auld LLP has said it is investigating related potential claims. Dick's shares fell approximately 30% on August 25, 2026, after the company disclosed weaker profit expectations, deteriorating footwear demand, inventory pressures and increased discounting.