Foot Locker shares jump more than 15% after earnings beat, more upbeat sales outlook
Publishing timestamp: 2023-11-29 11:47:25
Summary
Foot Locker beat third-quarter earnings and sales expectations, but lowered its full-year forecast. The company saw strong results over Thanksgiving weekend and has made progress with its turnaround initiatives. However, it continues to face challenges such as consumer softness, a change in vendor mix, and competition from Nike's direct sales. Foot Locker's stock rose after the earnings announcement.
Sentiment: MIXED
Keywords: earnings, breaking news: business, nike inc, retail industry, breaking news: earnings, business, business news, foot locker inc,
Source: https://www.cnbc.com/2023/11/29/foot-locker-fl-earnings-q3-2023.html