JHVEPhotoFoot Locker's (NYSE:FL) Q2 2024 results were not bad, but the market didn't like them, and the stock tanked 10% after the release. The company posted comparable and absolute growth across its main banner and in North America and EMEA. Thanks to lower clearance, margins are improving both at the gross and operating levels, albeit I am concerned about the deleveraging in SG&A. For a retailer, posting positive comparables should be good news because of leverage. Despite this, the stock tanked afte ...