Earnings

Foot Locker (FL) Q2 2021 earnings beat projections

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An employee arranges a sneaker display at a Foot Locker Inc. store inside the South Park Mall in Strongsville, Ohio.

Luke Sharrett | Bloomberg | Getty Images

Foot Locker shares soared 9% in premarket trading Friday after the company crushed analysts’ fiscal second-quarter earnings estimates and voiced optimism about the back half of the year.

Consumers have continued to spend on athletic footwear and workout apparel during the Covid pandemic, with these segments outperforming others such as dress wear and high heels. Now, parents are budgeting their paychecks to buy new Nike and Adidas sneakers for their kids who are preparing to head back to school.

Foot Locker reported net income for the…



Source cnbc.com

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