Foot Locker (FL) earnings Q2 2023


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

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