Earnings

Foot Locker (FL) earnings Q2 2023

0


Customers walk with Foot Locker shopping bags on the Third Street Promenade in Santa Monica, California.

Patrick T. Fallon | Bloomberg | Getty Images

Foot Locker reported another quarter of falling sales and slashed its outlook for the second time this year on Wednesday as inflation-weary consumers think twice before shelling out for footwear and apparel. 

The company’s shares closed about 28% lower Wednesday. After the plunge, Foot Locker shares have fallen 56% this year. Nike dropped 2.7% on Wednesday in sympathy.

The sneaker giant’s adjusted fiscal second-quarter earnings were in line with Wall Street’s expectations, but fell short of analysts estimates on sales and saw another quarter…



Source cnbc.com

0 0 votes
Article Rating

China Evergrande shares plunge as trading resumes after 17 months

Previous article

Credit card balances jumped in the second quarter and are above $1 trillion for the first time

Next article

You may also like

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Earnings