Foot Locker Q2 Adj. EPS Meets Estimates; Stock Down 27% As FY23 Outlook Slashed

Foot Locker Slashes FY23 Outlook As Q3 Results Miss Estimates; Stock Down 23%

Specialty athletic retailer Foot Locker, Inc. (FL) reported Friday a first-quarter net income of $36 million or $038 per share, sharply lower than $133 million or $1.37 per share in the prior-year quarter.

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Foot Locker Q4 Profit Down, Warns On FY23; To Close Hong Kong Operations

Foot Locker, Inc. reported Monday sharply lower profit in its fourth quarter with slight drop in net sales, even as comparable sales increased. Further, the specialty athletic retailer announced dividend, and issued fiscal 2023 forecast, well below last year. However, over the long term, the company projects growth. Foot Locker further announced that it is transforming its business model in Asia.

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Foot Locker, Buckle Report Q2 Net Profit Declines

Specialty athletic retailer Foot Locker, Inc. reported Friday a second-quarter net profit that plunged from last year, hurt by a sales decline amid markdowns. Quarterly sales met Street estimates. The company also trimmed it adjusted earnings and sales growth guidance for the full-year 2022.

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Foot Locker Appoints Mary Dillon To Succeed Richard Johnson As President And CEO

Specialty athletic retailer Foot Locker, Inc. (FL) announced Friday that, as part of a planned succession process, Richard Johnson will retire as President and Chief Executive Officer, effective September 1, 2022.

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Australia Home Loan Data Due On Wednesday

Australia will on Wednesday release Q3 figures for home loans, highlighting a light day for Asia-Pacific economic activity. In the three months prior, home loans were down 1.9 percent on quarter.

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U.S. Dollar Advances Amid Rising Fed Rate Hike Expectations Following CPI Release

The U.S. Dollar value moved higher on Tuesday with heightening expectations of an interest rate hike by the U.S. Federal Reserve following the release of U.S. inflation data which came in exceeding analysts' forecasts. In addition, despite a pause in the U.S. attacks on Iran, the absence of a breakthrough in negotiations kept inflation concerns alive.

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European Markets Finished Mixed On Tuesday

The major European markets finished mostly higher on Tuesday, although they trended downward throughout the day and ended on opposite sides of the unchanged line.

RTTNews | 5 jam 35 menit yang lalu

FTSE 100 Firm Above The Flatline

The FTSE 100 benchmark of the London Stock Exchange is trading firmly above the flatline even as global market sentiment suffered following disappointing inflation data from the U.S. The hawkish comments from a Fed official further renewed rate hike expectations, dampening overall market sentiment.

RTTNews | 8 jam 54 menit yang lalu

EURUSD	1.11649	GBPUSD	1.3342
USDJPY	158.69	USDCAD	1.41869