Pomerantz LLP announced that a securities class action has been filed against DICK’S Sporting Goods, Inc. and certain officers and directors over alleged securities fraud and other unlawful business practices. The lawsuit follows DICK’S disclosure that Foot Locker generated $1.73 billion in second-quarter 2026 revenue, below analysts’ $1.81 billion estimate, while adjusted earnings per share came in at $3.53 versus expectations of $3.76. DICK’S lowered its full-year consolidated net sales guidance to $21.9 billion-$22.2 billion from $22.1 billion-$22.4 billion and cut Foot Locker’s projected full-year pro forma comparable-sales range to negative 2.0% to 0.0% from growth of 1.5% to 3%. The stock fell $55.02, or about 30%, to $124.31 on Aug. 25, 2026. Investors who purchased or otherwise acquired DICK’S securities during the Class Period have until Nov. 3, 2026, to ask the court to appoint them as Lead Plaintiff.