: Foot Locker shares rise after profit beat #FinanceUSA #StockMarketNEWS Foot Locker Inc. shares rose 4.1% in Friday premarket trading after it reported first-quarter profit that beat expectations.
@stockMarketNEWS Sat 21 May, 2022
Foot Locker shares rise after profit beat #FinanceUSA #StockMarketNEWS
Foot Locker Inc. shares rose 4.1% in Friday premarket trading after it reported first-quarter profit that beat expectations. The athletic retailer posted net income of 3 million, or .37 per share, down from 2 million, or .93 per share, last year. Adjusted EPS of .60 beat the FactSet consensus for .54. Sales of .175 billion were up from .153 billion and missed the FactSet consensus for .200 billion. Comparable sales were down 1.9%, ahead of the FactSet consensus for a 4.1% decline. Foot Locker now expects full-year sales to be on the upper end of a 4% to 6% decline, full-year comparable sales on the upper end of an 8% to 10% decline, and full-year adjusted EPS on the upper end of .25 to .60. The FactSet consensus is for sales of .448, implying a 5.7% decline, a comparable sales decline of 9.5% and EPS of .42. Foot Locker shares are down 30.6% for the year to date.
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