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Foot Locker Stock Sinks. Here’s Why It Slashed Its Outlook.

Por: MarketWatch Business May 19, 2023

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“Our sales have since softened meaningfully given the tough macroeconomic backdrop, causing us to reduce our guidance for the year as we take more aggressive markdowns to both drive demand and manage inventory,” Chief Executive Mary Dillon said in a press release. For the first quarter, the company reported earnings of 70 cents a share on revenue of $1.93 billion. Analysts surveyed by FactSet were expecting earnings of 76 cents a share on... + full article



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