Foot Locker Q4 earnings beat estimates: stock is still losing
FLFoot Locker(FL) Invezz·2024-03-06 20:10

Foot Locker Inc (NYSE: FL) is down about 8.0% in premarket on Wednesday even though it posted an upbeat Q4 earnings report. Copy link to section Investors are concerned because FLdisappointedintermsofprofitguidance.ThefootwearretailstorescompanynowforecastsitspershareearningstofallbetweenFL disappointed in terms of profit guidance. The footwear retail stores company now forecasts its per-share earnings to fall between 1.50 and 1.70thisyear.Analysts,incomparison,wereat1.70 this year. Analysts, in comparison, were at 1.86 a share. Plus, Mike Baughn – chief financial officer of Foot Locker said in the earnings press release today: Given our lower starting ...