Why Foot Locker (FL) Stock Is Falling Today [Yahoo! Finance]
Foot Locker, Inc. (FL)
Last foot locker, inc. earnings: 2/28 06:45 am
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US:NYSE Investor Relations:
footlocker-inc.com/investors.cfm?page=investor-relations
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Source: Yahoo! Finance
down 1.1%, while the Dow and S&P 500 fell 0.9% and 0.8% respectively. Bond yields increased as traders lowered expectations that the Federal Reserve would cut interest rates in June 2024. Also, it's likely investors are taking profits to wrap up the earnings season. Macro data remained mixed with the PCE (personal consumption expenditure - the Fed's favourite inflation gauge) price index coming in inline with market's expectations at 2.5% for the month of February 2024 as reported on March 29, 2024. The data showed that inflation remained sticky. With inflation yet to come back down to the Fed's 2% target, the data is likely to raise renewed skittishness about the Fed's pace of rate cuts in 2024. Separately, Foot Locker's peer, PVH, reported fourth-quarter results and provided full-year earnings forecast, which fell well below Wall Street's expectations. PVH blamed the macro, especially in Europe. On the other hand, revenue and EPS exceeded expectations during the quarter. As a
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FL
News
- Foot Locker Puts Faith In New Store Concept To Kick On Sneaker Sales [Forbes]Forbes
- Foot Locker debuts 'store of the future' as it looks to win back Wall Street's confidence [MSNBC.com]MSNBC.com
- Inside Foot Locker's ‘Store of the Future' Model Guiding the Chain's New Retail Identity [Yahoo! Finance]Yahoo! Finance
- FOOT LOCKER UNVEILS NEW REINVENTED GLOBAL STORE CONCEPT [Yahoo! Finance]Yahoo! Finance
- FOOT LOCKER UNVEILS NEW REINVENTED GLOBAL STORE CONCEPTPR Newswire
FL
Earnings
- 3/6/24 - Beat
FL
Sec Filings
- 4/11/24 - Form ARS
- 4/11/24 - Form DEFA14A
- 4/11/24 - Form DEF
- FL's page on the SEC website