DICK’s Sporting Goods Lawsuit Submission Form

Company: DICK's Sporting Goods, Inc.

Ticker: (NYSE) DKS

Deadline

Passed

Lead Plaintiff Deadline: April 22, 2024

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Allegations

The filed complaint alleges that DICK's Sporting Goods, Inc. made materially false and/or misleading statements and/or failed to disclose that: a) demand for products in Dicks Sporting Good’s outdoor segment was slowing faster than defendants represented, resulting in excess inventory; (b) the “structural changes” that defendants repeatedly touted, including differentiated products, improved pricing technology, and more efficient clearance channels, did not allow the Company to manage its excess inventory without hurting the Company’s profitability; (c) the need to liquidate excess inventory, including in the outdoor segment, would have a materially negative effect on the Company’s profitability; and (d) as a result of (a)-(c) above, defendants’ statements about the Company’s business condition and prospects were materially false and misleading when made.