Foot Locker tops forecasts as premium brands sell [Reuters]
Foot Locker, Inc. (FL)
Last foot locker, inc. earnings: 2/28 06:45 am
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Source: Reuters
Foot Locker tops forecasts as premium brands sell | Reuters Reuters Staff 4 Min Read (Reuters) - Sneaker and sportswear specialist Foot Locker Inc ( FL.N ) beat Wall Street sales estimates by the most in at least two years on Friday, citing strong demand for premium products from its top vendors Nike Inc ( NKE.N ) and Adidas AG ( ADSGn.DE ). First quarter profit at the retail chain also topped analysts’ consensus estimates, according to Thomson Reuters I/B/E/S, and shares in the company soared 16 percent in the first hour of trading in New York in response. Traditional U.S. retailers have been facing relentless pressure from a shift to online retailers like Amazon.com ( AMZN.O ) and a resulting drop in traffic at malls. For Foot Locker, a tie-up between the e-commerce giant and Nike launched last year has only added to those pressures. Industry research, however, shows sneaker sales, crucial to Foot Locker’s bottom line, rose 10 percent globally last year and a dog fight betwe
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News
- Why JD Sports' Hibbett Acquisition Could Present Fresh Challenges for Foot Locker [Yahoo! Finance]Yahoo! Finance
- Foot Locker vs Dick's Sporting Goods vs. JD Sports Are Battling for Market Share: Who Owns What? [Yahoo! Finance]Yahoo! Finance
- A Look At The Fair Value Of Foot Locker, Inc. (NYSE:FL) [Yahoo! Finance]Yahoo! Finance
- JD Sports to buy U.S. rival Hibbett in $1.08 billion sportswear retail deal [CNBC]CNBC
- Foot Locker, Inc. (NYSE: FL) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
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