DICK’S Sporting Goods, Inc. faces a securities class action on behalf of investors who acquired its securities from September 8, 2025, through August 24, 2026. The complaint alleges that the company failed to disclose Foot Locker’s continued exposure to stagnant legacy footwear, promotional pressure and excess inventory. On August 25, 2026, DICK’S reported adjusted second-quarter earnings per share of $3.53, below the $3.76 analyst estimate, while Foot Locker revenue was $1.73 billion versus an expected $1.81 billion. DICK’S cut full-year 2026 net sales guidance to $21.9 billion to $22.2 billion from $22.1 billion to $22.4 billion, and lowered Foot Locker’s proforma comparable-sales forecast to negative 2.0% to 0.0% from growth of 1.5% to 3%. Edward W. Stack, Executive Chairman of the Board of Directors, said the athletic footwear market had become increasingly promotional. DKS shares fell $55.02, or 30.68%, to $124.31. Glancy Prongay Wolke & Rotter LLP reminded investors that lead-plaintiff motions are due by November 3, 2026.