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Foot Locker Stock Stumbles on Surprise Loss, Slashed Guidance
Foot Locker stock dropped after the retailer reported a third-quarter loss, when analysts had expected a profit. CEO
Mary
Dillon
attributed to the loss in part to a softer back-to-school period. The company also lowered its full-year sales and EPS forecast.
Foot Locker shares sink after weak quarterly results
Foot Locker shares sank on Wednesday after the sports retail company lowered its full-year sales and earnings outlook. Total sales for the quarter slipped 1.4% to $1.96 billion.
Foot Locker Stock Trades Sharply Lower After Earnings. What We Know.
Shares of Foot Locker were trading sharply lower Wednesday after the shoe retailer posted a weak quarter and slashed its financial outlook. For its fiscal third quarter, the company reported adjusted earnings of 33 cents per share,
22h
on MSN
Foot Locker shares plunge 9% on soft holiday demand — especially for Nike products
Foot Locker’s CEO blamed the earnings misses on soft demand for Nike sneakers and more promotions than expected across the ...
19h
on MSN
Foot Locker CEO remains confident in Nike partnership
“On a strategic level, we are confident in the strength of our partnership with Nike,” Dillon assured analysts, and that ...
1h
on MSN
Foot Locker, Inc. (NYSE:FL) Q3 2024 Earnings Call Transcript
Q3 2024 Earnings Call Transcript December 4, 2024 Foot Locker, Inc. misses on earnings expectations. Reported EPS is $0.33 ...
12h
on MSN
Tech Stocks and AI Propel Wall Street’s Record-Setting Streak
The Dow Jones Industrial Average rose 308 points, or 0.7 percent, while the Nasdaq composite added 1.3 percent to its own ...
6h
Tech stocks boost Wall Street to more records
U.S. stock indexes rose to more records Wednesday after tech companies talked up how much of a boost they're getting from the ...
sgbonline
14h
Foot Locker Lowers FY Outlook on Q3 Miss, Promo Pressures, and Weak Consumer
Comparable sales increased 2.4 percent y/y for the quarter, including global Foot Locker and Kids Foot Locker comparable ...
20h
on MSN
Foot Locker to emphasize newer Nike styles at stores amid soft demand for its shoes
Foot Locker executives said on Wednesday they are working closely with Nike to emphasize its newer styles, including Vomero ...
23h
Tech stocks and AI pull Wall Street toward more records
U.S. stocks keep rolling higher, and indexes rose Wednesday after tech companies talked up how much artificial intelligence ...
1d
on MSN
Foot Locker issues gloomy holiday outlook, blames soft consumer demand
Foot Locker fell short of Wall Street expectations and cut its guidance after sales declined more than expected.
Joplin Globe
1d
Stock market today: Tech stocks and AI pull Wall Street toward more records
CEO
Mary
Dillon
said the company is taking a more cautious view, and it cut its forecasts for sales and profit this ...
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