Foot Locker's Enhanced Product Offerings Boost Sales, But Analyst Warns of H2 Challenges
FLFoot Locker(FL) Benzinga·2024-08-29 01:13

Foot Locker, Inc. FL shares are diving today after it released second-quarter results.The company reported a second-quarter adjusted EPS loss of 5 cents, beating the analyst consensus estimate of a 7-cent loss and sales of 1.896billion,beatingthe streetviewof1.896 billion, beating the street view of 1.888 billion.The company reiterated fiscal 2024 sales change of (1%)-1%, or 8.072billionto8.072 billion to 8.236 billion vs. the consensus of 8.130billionandadjustedEPSguidance of 8.130 billion and adjusted EPS guidance of 1.50-1.70versusthe 1.70 versus the 1.54 consensus.J.P.Morgan analyst Matthew R. B ...