Foot Locker's turnaround is showing signs of life, CEO sees consumers willing to pay full price
Foot Locker(FL) cnbc.com·2024-05-30 18:46
A Foot Locker store in New York, US, on Monday, May 27, 2024. Foot Locker Inc. is scheduled to release earnings figures on May 30.Foot Locker's turnaround is starting to bear some fruit. The sneaker giant saw comparable sales decline 1.8% during its fiscal first quarter, far better than the 3.1% drop off that analysts had expected, according to StreetAccount. It also reaffirmed its fiscal year guidance, which projects sales to be in a range of a 1% decline to a 1% gain, compared to a decline of 0.6% that an ...