Foot Locker shares drop 10% despite first comparable sales growth in six quarters
Publishing timestamp: 2024-08-28 16:14:18
Summary
Foot Locker beat Wall Street's estimates with growth in sales and gross margin, but shares closed lower. CEO Mary Dillon is leading a turnaround strategy, including store upgrades and international market exits. Company plans to move headquarters to Florida by 2025.
Sentiment: MIXED
Keywords: breaking news: earnings, nike inc, retail industry, business news, foot locker inc, new york, new york city, business, ulta beauty inc, earnings, breaking news: business,
Source: https://www.cnbc.com/2024/08/28/foot-locker-fl-earnings-q2-2024.html