Foot Locker's CEO blamed the earnings misses on soft demand for Nike sneakers and more promotions than expected across the industry.
Foot Locker (FL) shares tumbled after the company posted an unexpected third-quarter loss and cut its full-year outlook before the market opened Wednesday.
Although the revenue and EPS for Foot Locker (FL) give a sense of how its business performed in the quarter ended October 2024, it might be worth considering how some key metrics compare with Wall Str

Foot Locker stock drops 20% on Nike concerns

10:11am, Wednesday, 04'th Dec 2024
Foot Locker Inc (NYSE: FL) cited “softness” at Nike as it reported disappointing results for its third financial quarter on Wednesday. Nike is currently the retailer's largest brand partner, repre
Foot Locker cut its full-year sales and profit forecasts ahead of the holidays. Janine Stichter, BTIG managing director, consumer retail and lifestyle brands, says the sneaker seller is doing lots of
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.
Foot Locker, Inc  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.
U.S. stock futures were higher this morning, with the Dow futures gaining around 200 points on Wednesday.
The company is dealing with “softer consumer demand outside of key selling periods,” as well as the need for more promotions.
The shoe retailer offers investors a shopping bag of disappointments in its latest quarter.
Foot Locker is feeling the holiday blues after seeing weak consumer demand and steep promotions across the sneaker marketplace. The company fell short of Wall Street's expectations on the top and bott
Total Sales Down 1.4% Year-over-Year and Comparable Sales Up 2.4% Gross Margin Expansion of 230 Basis Points Year-over-Year Loss of $0.34 per Share and Non-GAAP Earnings of $0.33 per Share Inventory D
Foot Locker is reportedly expanding the “Home Court” basketball sections it launched with Nike. The expansion is part of an effort by the sports apparel retailer and the sneaker giant to fix the
Besides Wall Street's top -and-bottom-line estimates for Foot Locker (FL), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the
Foot Locker (FL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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