“Foot Locker’s turnaround is showing signs of life, CEO sees consumers willing to pay full price”
June 4, 2024
“…The sneaker giant saw comparable sales decline 1.8% during its fiscal first quarter, far better than the 3.1% drop-off that analysts expected, according to StreetAccount.
The company also reaffirmed its fiscal year guidance, which projects sales to be between a 1% decline and a 1% gain, compared with a decline of 0.6% that analysts had forecast, according to LSEG. Shares of Foot Locker surged 15% Thursday…”
https://www.cnbc.com/2024/05/30/foot-locker-fl-earnings-q1-2024.html