Foot Locker Stock Soars as Q1 Profit Beats Expectations
Foot Locker(FL) Investopedia·2024-05-30 23:25
Key TakeawaysFoot Locker shares soared Thursday as its first-quarter performance indicated the company's turnaround efforts are succeeding.The athletic shoe and apparel retailer beat profit estimates, and comparable store sales were better than expected.CEO Mary Dillon said Foot Locker controlled costs and benefited from favorable changes in the timing of expenses. Foot Locker (FL) shares soared Thursday as the athletic shoe and apparel retailer’s first-quarter results showed its turnaround efforts seem to ...