Foot Locker Stock Tripped Up By Tepid Results and Store Closures
Foot Locker(FL) Investopedia·2024-08-29 00:06
Key TakeawaysFoot Locker posted sales growth of 1.9%, narrowly beating expectations.The company announced store closures in Asia and Europe.The company's 2024 guidance, including flat revenue at the midpoint, remained unchanged. Foot Locker (FL) shares took a dive Wednesday after the company’s second-quarter results underwhelmed investors. The sneaker retailer said revenue grew 1.9% year-over-year to $1.9 billion, just above the analyst consensus, per Visible Alpha. It posted a loss of 13 cents per share, ...