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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 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 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 Reports Mixed Q3 2024 Results
Foot Locker ( ) has issued an announcement. Foot Locker, Inc. reported a mixed third quarter 2024, with a slight decrease in total sales by 1.4% and a 2.4% increase in comparable
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. Click for my FL stock update.
Foot Locker: Fiscal Q3 Earnings Snapshot
(FL) on Wednesday reported a loss of $33 million in its fiscal third quarter. The New York-based company said it had a loss of 34 cents per share. Earnings, adjusted for non-recurring costs and asset impairment costs,
Foot Locker shares tumble on guidance cut, disappointing Q3 results
Foot Locker (NYSE:FL) saw its shares tumble more than 9% in premarket trading Wednesday after the company cut its annual earnings and sales forecast. For the fiscal third quarter, the footwear retailer posted earnings per share (EPS) of $0.
Foot Locker (FL) Misses Q3 Earnings and Revenue Estimates
Foot Locker (FL) came out with quarterly earnings of $0.33 per share, missing the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.30 per share a year ago. These figures are adjusted for non-recurring items.
19h
on MSN
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.
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
15h
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 ...
sgbonline
6h
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 ...
Business Insider
15h
Foot Locker price target lowered to $22 from $27 at Jefferies
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 ...
13h
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.
10h
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 ...
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