A securities fraud class action has been filed against DICK'S Sporting Goods, Inc. on behalf of investors who purchased or acquired its common stock from September 8, 2025, through August 24, 2026. The allegations center on DICK'S approximately $2.5 billion acquisition of Foot Locker, completed on September 8, 2025. The complaint alleges that DICK'S portrayed the transaction as a growth and profitability opportunity while assuring investors that Foot Locker's inventory and promotional problems had been resolved, even though the business remained heavily dependent on legacy footwear exposed to intensifying industry discounting. Before markets opened on August 25, 2026, DICK'S reported second-quarter 2026 Foot Locker revenue of $1.73 billion, below analysts' $1.81 billion estimate, reduced its full-year net sales guidance and forecast Foot Locker pro forma comparable sales of negative 2.0% to 0.0%, versus prior guidance for 1.5% to 3% growth. DICK'S shares fell $55.02, or 30.68%, to $124.31. Investors have until November 3, 2026, to seek lead plaintiff status. Kaplan Fox & Kilsheimer LLP announced the action, while an earlier notice identified Kessler Topaz Meltzer & Check, LLP as soliciting investors in connection with the case.