Dick’s Sporting Goods shares fell $55.02, or about 30%, to $124.31 on August 25, 2026, after the company reported second-quarter results, lowered full-year sales guidance and reduced Foot Locker’s pro forma comparable-sales forecast. Foot Locker revenue was $1.73 billion, below analysts’ $1.81 billion estimate, while adjusted earnings were $3.53 per share versus the $3.76 estimate. A securities class action names Chief Financial Officer and Executive Vice President Navdeep Gupta as an individual defendant, alongside Dick’s, Executive Chairman Edward W. Stack and Chief Executive Officer Lauren R. Hobart. Levi & Korsinsky alleges Gupta’s March 2026 comments about 67 basis points of fourth-quarter margin expansion and clean inventory failed to disclose Foot Locker’s exposure to stagnant legacy footwear and promotional pressure. The firm says investors who bought DKS common stock between September 8, 2025, and August 24, 2026, have until November 3, 2026, to seek lead-plaintiff appointment. Robbins LLP separately announced a related class action on September 29, 2026.