DICK'S Sporting Goods Inc

NYSE:DKSUnited States

May 31, 2024

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• Lifshitz Law PLLC Announces Investigations of DICK'S Sporting Goods, Inc. (NYSE: DKS), Shoals Technologies Group, Inc. (NASDAQ: SHLS), agilon health, inc. (NYSE: AGL), and Lantronix, Inc. (NASDAQ: LTRX), from 11:52PM ET on Friday May 31, 2024 by Accesswire

  11:52PM ET on Friday May 31, 2024 by Accesswire
  Companies Mentioned: LTRX, SHLS, AGL, DKS

  NEW YORK, NY / ACCESSWIRE / May 31, 2024 / DICK'S Sporting Goods, Inc. (NYSE:DKS)

  Lifshitz Law PLLC announces investigation into possible securities laws violations and/or breaches of fiduciary duties in connection with allegations that the Company made materially false and/or misleading statements and/or failed to disclose that: (i) demand for products in the Company's Outdoor segment was slowing faster than the Company represented, resulting in excess inventory; (ii) the "structural changes" that the Company 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; (iii) the need to liquidate excess inventory, including in the Outdoor segment, would have a materially negative effect on the Company's profitability; and (iv) as a result, the Company's statements about its business condition and prospects were materially false and misleading when made.

• Lifshitz Law PLLC Announces Investigations of DICK'S Sporting Goods, Inc. (NYSE: DKS), Shoals Technologies Group, Inc. (NASDAQ: SHLS), agilon health, inc. (NYSE: AGL), and Lantronix, Inc. (NASDAQ: LTRX), from 11:52PM ET on Friday May 31, 2024 by Dow Jones

  11:52PM ET on Friday May 31, 2024 by Dow Jones
  Companies Mentioned: LTRX, SHLS, AGL, DKS
  
  NEW YORK, NY / ACCESSWIRE / May 31, 2024 / DICK'S Sporting Goods, Inc. (NYSE:DKS)
  
  Lifshitz Law PLLC announces investigation into possible securities laws violations and/or breaches of fiduciary duties in connection with allegations that the Company made materially false and/or misleading statements and/or failed to disclose that: (i) demand for products in the Company's Outdoor segment was slowing faster than the Company represented, resulting in excess inventory; (ii) the "structural changes" that the Company 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; (iii) the need to liquidate excess inventory, including in the Outdoor segment, would have a materially negative effect on the Company's profitability; and (iv) as a result, the Company's statements about its business condition and prospects were materially false and misleading when made.