Tag: $Foot Locker

The beleaguered sneaker company’s same-store sales grew 2.6% during its fiscal second quarter, far better than the 0.7% uptick that analysts had expected, according to StreetAccount. Its gross margin also expanded for the first time in more than two years.

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 expected, according to StreetAccount. 

Foot Locker reported a holiday-quarter loss on Wednesday.

Foot Locker beat third-quarter earnings and sales expectations.

Foot Locker stock tumbled on Monday after analysts at Citi downgraded the shoe and sportswear retailer, citing multiple reasons for caution and a share price that had already exceeded their price target.

Foot Locker’s sales fell 9.9% during its fiscal second quarter, and it attributed the decline to ongoing “consumer softness.”

Shares of Foot Locker Inc plunged 25% premarket on Friday, after the footwear retailer cut its annual sales and profit forecasts reeling under a sharp drop in demand and a hit from heavy discounts aimed at clearing excess inventories.