Form 4 FOOT LOCKER, INC. For: Aug 22 Filed by: EP Equity Investment S.a r.l
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Go back to Form 4 FOOT LOCKER, INC. For: Aug 22 Filed by: EP Equity Investment S.a r.l
August 28, 2024 12:51 PM EDT
BTIG analyst Janine Stichter reiterated a Neutral rating on Foot Locker (NYSE: FL).
The analyst comments "Q2 demonstrated continued progress, with upside across both top-line and GM, outsized strength in the core FL concept, and stabilization in Champs. Importantly, top-line and GM... More
August 28, 2024 7:01 AM EDT
(Updated - August 28, 2024 9:41 AM EDT)
Foot Locker (NYSE: FL) reported a narrower-than-expected loss for the second quarter of 2024, with sales slightly beating estimates, but shares fell more than 14% following the results.
The specialty athletic retailer posted an adjusted loss of $0.05 per share for the quarter ended August 3, compared to the analyst estimate of a $0.08 loss. Revenue rose 1.9% YoY to $1.9 billion, edging past the consensus estimate of $1.89 billion.
Comparable sales increased 2.6%, led by global Foot Locker and Kids Foot Locker comparable sales growth of 5.2%. The company's gross margin expanded... More
