Dicks Sporting Goods, Inc.

Ticker: DKS

Class Period Start: 05/25/2022

Class Period End: 08/21/2023

Registration Deadline: 04/22/2024

A securities class action has been filed in the USDC W.D.PA. against Dicks Sporting Goods, Inc. (DKS) (“DSG” or the “Company”), on behalf of all persons and entities that purchased or otherwise acquired DSG common stock between May 25, 2022 and August 21, 2023, both dates inclusive (the “Class Period”).

 

DSG is a leading sporting goods retailer that sells sports equipment, apparel, footwear, and accessories to retail consumers throughout the United States. DSG is an “omnichannel” retailer, meaning it offers products to consumers in physical store locations as well as online and through mobile apps. The Company has over 700 physical locations across the United States.

 

The Complaint alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that:

(1) demand for products in Dick’s Sporting Goods’ Outdoor segment was slowing faster than defendants represented, resulting in excess inventory;

(2) the “structural changes” that defendants repeatedly touted, including differentiated products, improved pricing technology, and more efficient clearance channels, did not allow Dick’s Sporting Goods to manage its excess inventory without hurting its profitability; and

(3) the need to liquidate excess inventory, including in the Outdoor segment, would have a materially negative effect on Dick’s Sporting Goods’ profitability, thereby harming investors.

  

If you purchased DSG common stock during the Class Period and would like to receive more information or join the action, please enter your contact information below for a FREE consultation and click “Submit Your Information”.

 

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