Foot Locker swings to Q3 loss, slashes guidance amid soft shoe demand
American footwear and athletic apparel retailer Foot Locker has lowered its expectations for the full year 2024 sales and non-GAAP earnings per share (EPS) as its third-quarter sales drop by 1.4%.
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 industry.
Foot Locker shares tumble as it issues gloomy holiday outlook, sees 'softness' at Nike
Foot Locker fell short of Wall Street expectations and cut its guidance after sales declined more than expected.
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 despite recent softness as the company rebalances its product mix and inventory levels, Foot Locker ( FL) remains confident in Nike’s ( NKE) actions to benefit the brand as well as on the overall industry and partnership.
Foot Locker Cuts Outlook On Soft Consumer Spending In Q3, Stock Tanks
Foot Locker, Inc (NYSE:FL) stock tumbled in the premarket session on Tuesday. The company reported a third-quarter adjusted EPS of $0.33, missing the analyst consensus estimate of $0.41. Quarterly sales of $1.
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 and Air DT Max shoe models, amid "softness" in demand for the sneaker giant's products as the holiday shopping season begins.
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.
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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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Mary Dillon
Foot Locker, now headed by former Ulta CEO Mary Dillon, is moving its headquarters to Florida from New York to save on costs and build on its existing presence in the state. Mary Dillon's Foot ...
Why Foot Locker’s stock is sliding despite upbeat Thanksgiving-week sales
The company is dealing with “softer consumer demand outside of key selling periods,” as well as the need for more promotions.