Foot Locker revises FY24 outlook as sales drop 1.4% in Q3
Sportswear and footwear retailer Foot Locker has revised its outlook for the full fiscal year 2024 following a 1.4% drop in sales to $1.95bn during the third quarter. The decline is notable compared to the $1.98bn reported in the same quarter of 2023.
Shares of Foot Locker were dropping Wednesday after the shoe retailer posted a weak quarter and slashed its financial outlook ...
The change in consumer behavior has prompted the company to lower its outlook on comparable sales for the full year, despite ...
Foot Locker shares sank on Wednesday after the sports retail company lowered its full-year sales and earnings outlook. Total ...
Foot Locker’s CEO blamed the earnings misses on soft demand for Nike sneakers and more promotions than expected across the ...
Foot Locker faces declining sales and lowered FY2024 guidance. Find out why FL stock could drop 37% as the poor outlook ...
Jefferies lowered the firm’s price target on Foot Locker (FL) to $22 from $27 and keeps a Hold rating on the shares after the company’s Q3 results underperformed Street expectations “across the ...
The company is dealing with “softer consumer demand outside of key selling periods,” as well as the need for more promotions.
Analyzing Foot Locker, Inc.'s Q3 '24 results, including a stock drop and lowered guidance, with a focus on margins and sales.
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