NEW YORK, NY / ACCESSWIRE / August 28, 2023 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of DICK'S Sporting Goods, Inc. ("Dick's" or "the Company") (NYSE:DKS). Investors who purchased Dick's securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site:www.bgandg.com/dks.
The investigation concerns whether Dick's has violated federal securities laws.
Investigation Details:
On August 23, 2023, the Investor's Business Daily published a report about Dick's, which explained: "Q2 profitability fell short largely due to the impact of elevated inventory shrink, according to CEO Lauren Hobart in the release, 'which is an increasingly serious issue impacting many retailers.' Net inventories declined 5% to $2.85 billion for the quarter compared to last year. In the earnings call, Hobart noted organized retail crime and general theft had a meaningful impact on full-year expectations." Following this news, Dick's stock dropped sharply.
What's Next?
If you are aware of any facts relating to this investigation or purchased Dick's securities, you can assist this investigation by visiting the firm's site: www.bgandg.com/dks. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
Why Bronstein, Gewirtz & Grossman:
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
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Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
332-239-2660 | [email protected]
SOURCE: Bronstein, Gewirtz & Grossman, LLC