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Stock impact report

Foot Locker drops after cutting guidance [Seeking Alpha]

Foot Locker, Inc. (FL) 
Last foot locker, inc. earnings: 2/28 06:45 am Check Earnings Report
Company Research Source: Seeking Alpha
Foot Locker (NYSE: FL ) updates guidance to factor in the slow start to the year. The company says it currently expects EPS in Q1 to be $1.36 to $1.39 vs. $1.48 consensus. Comparable store sales are expected to increase at a low-single digit percentage rate. For the remaining three quarters of the year, Foot Locker believes that it will achieve a double-digit earnings per share percentage increase and a mid-single digit comparable store sales percentage increase. "We believe the delay in the issuance of the vast majority of income tax refund checks until after the NBA All-Star Game signifcantly affected our February comparable store sales, which were down low-double digits," notes CEO Richard Johnson. Source: Press Release Foot Locker   premarket. Now read: Stocks Going Ex-Dividend The Second Week Of April » Show less Read more
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