Wall Street currently rates the Foot Locker stock at “hold”. Johnson will remain an executive chairman of the company until January 31 st, 2023. Dillon has previously served in a similar capacity at Ulta Beauty. In related retail news, Foot Locker says Mary Dillon will replace Richard Johnson as the Chief Executive on September 1 st. Our operational excellence, improving ability to fuel customer’s desire for self-expression, and secular trends driving our categories, put us in a strong position to navigate the expected ongoing macro headwinds in the back half of 2022.įoot Locker stock is now down 10% for the year. The retailer now forecasts an 8.0% to 9.0% increase in same-store sales versus up to 10% it had guided for earlier. In comparison, experts had called for $4.42 a share this year. Previously, it was looking at up to $4.60. Read honest and unbiased product reviews from our users.
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Foot Locker stock up despite lowered guidanceįor the full financial year, Foot Locker lowered its guidance for adjusted EPS to $4.25 – $4.45. Find helpful customer reviews and review ratings for Foot Locker Gift Card 25-500 at. Our strategy of diversifying our brand portfolio and offering more choice continues to resonate with consumers and is enabling us to expand our customer base. Sign-up for the Invezz newsletter, today. In the earnings press release, CEO Richard Johnson said:Īre you looking for fast-news, hot-tips and market analysis? Comparable sales declined 10.3%, beating estimates by significant margin. Merchandise inventories were up 52.1% from last yearįactSet consensus was 80 cents of adjusted earnings per share on $2.07 billion in sales.Sales went down 9.0% year-on-year to $2.07 billion.On an adjusted basis, EPS came in at $1.10.
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