Dick’s Sporting Goods faces class action after stock plunges 30%

  • Robbins LLP filed a class action for Dick’s Sporting Goods shareholders.
  • Dick’s shares fell $55.02, or approximately 30%, to $124.31 on August 25, 2026.
  • Investors must contact Robbins LLP before November 3, 2026, to seek lead-plaintiff status.

Robbins LLP said a class action was filed on behalf of investors who purchased or otherwise acquired Dick’s Sporting Goods, Inc. common stock from September 8, 2025, through August 24, 2026. The complaint alleges the company misled investors about the integration of recently acquired Foot Locker and its ability to deliver projected growth and profitability. On August 25, 2026, Dick’s reported second-quarter 2026 revenue of $1.73 billion from Foot Locker, below analysts’ $1.81 billion estimate, cut its full-year 2026 net sales guidance and forecast Foot Locker pro forma comparable sales between negative 2.0% and 0.0%, compared with an earlier forecast of 1.5% to 3% growth. Dick’s stock fell $55.02, or approximately 30%, to $124.31. Investors who suffered losses may be eligible to participate, while those seeking lead-plaintiff status must contact Robbins LLP before November 3, 2026. The firm says participation carries no cost because it represents investors on a contingency fee basis.

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