NEW YORK, March 01, 2024 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Western District of Pennsylvania on behalf of those who acquired Dick's Sporting Goods, Inc. ("DSG" or the "Company") (NYSE:DKS) securities during the period of May 25, 2022 to August 21, 2023 inclusive ("the Class Period"). Investors have until April 22, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
[Click here to learn more about the class action]
On May 25, 2022, DSG announced its financial results for the first quarter of fiscal year 2022 and discussed changes in its business strategy during an earnings call. The company claimed to have undergone a "transformation" to sustain its structurally higher merchandise margin when compared to pre-COVID levels. These changes included leveraging relationships with manufacturers for exclusive products, improving pricing technology, and new digital marketing tools. In subsequent updates on August 23, 2022, and November 22, 2022, DSG continued to provide assurances regarding its ...
DKS) Investors of Class Action Filing and Encourages Investors to Contact the Firm>Full story available on Benzinga.com