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Foot Locker sounds the alarm on a concerning customer behavior
The change in consumer behavior has prompted the company to lower its outlook on comparable sales for the full year, despite a booming holiday season. Foot Locker now expects its comparable sales for the full year to grow between 1% and 1.5%, compared to the previous guidance of 1% to 3%.
Foot Locker Stock Trades Sharply Lower After Earnings. What We Know.
Shares of Foot Locker were dropping 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,
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 Q3: No Recovery In Sight
Foot Locker faces declining sales and lowered FY2024 guidance. Find out why FL stock could drop 37% as the poor outlook persists.
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 posts sales drop amid ongoing reinvention, Nike softness
Foot Locker has reported a sales decline for the third quarter, which an analyst said was reasonable as the company’s reinvention is still in the early days.
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 Tumbles With Sales Weakness Prompting Outlook Cut
Foot Locker Inc.’s shares sank after the sneaker chain cut its full-year sales and profit forecasts, citing more discounts and a pullback in consumer spending ahead of the crucial holiday season.
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.
Nike's stock among biggest Dow losers after Foot Locker's weak outlook
Nike's stock is among the chief losers in the Dow Jones Industrial Average on Wednesday as it's down 1.6% in sympathy with Foot Locker, which cut its outlook upon heightened disc
Foot Locker Has a Nike Problem
Nike has utilized promotions to manage higher levels of inventory that have accumulated as a result of slower than expected retail sales.
10h
Foot Locker's Q3: Not That Bad Though The Market Was Spooked, Still A Hold
Analyzing Foot Locker, Inc.'s Q3 '24 results, including a stock drop and lowered guidance, with a focus on margins and sales.
16h
Foot Locker’s loyalty revamp shows early signs of success
The footwear company’s overhauled loyalty program and mobile app contributed to more digital purchases even as overall sales ...
Investopedia on MSN
16h
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 ...
14h
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 ...
18h
on MSN
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.
11h
on MSN
These Stocks Are Moving the Most Today: Marvell, Salesforce, Pure Storage, Chewy, GM, Roku, Foot Locker, Couchbase, and More
Stocks were rising Wednesday and tech shares led the charge higher following better-than-expected earnings from Salesforce ...
17h
on MSN
Foot Locker Lowers FY24 Outlook After 3Q Misses Estimates Amid Soft Demand, Higher Promos
Foot Locker cut its outlook for the year after third-quarter results missed internal expectations due to higher promotions ...
18h
on MSN
Foot Locker Q3 results undermined by promotional pricing, lowers FY25 guidance
Foot Locker (FL) misses Q3 expectations and lowers guidance on soft consumer environment, increased discounting. Read more ...
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