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 sales growth of 2.8 percent, stymied in part by its International business. The company noted that Champs Sports and WSS banners saw positive comparable sales growth of 2.8 percent and 1.8 percent, respectively, for the period.