Foot Locker Turnaround Shows Signs of Life as Sales Stabilize

Bloomberg05-30

Foot Locker Inc. reported earnings that surpassed expectations as the sneaker retailer tries to get back on pace with its turnaround plan.Profit, excluding some items, was 22 cents a share, almost ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1109668549?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-05-30 22:18","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1109668549","market":"us","top_or_hot":-1,"title":"Foot Locker Turnaround Shows Signs of Life as Sales Stabilize","media":"Bloomberg","content":"<div>\n<p>Foot Locker Inc. reported earnings that surpassed expectations as the sneaker retailer tries to get back on pace with its turnaround plan.Profit, excluding some items, was 22 cents a share, almost ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-05-30/foot-locker-turnaround-shows-signs-of-life-as-sales-stabilize?srnd=homepage-asia\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Foot Locker Turnaround Shows Signs of Life as Sales Stabilize</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFoot Locker Turnaround Shows Signs of Life as Sales Stabilize\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-30 22:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-05-30/foot-locker-turnaround-shows-signs-of-life-as-sales-stabilize?srnd=homepage-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Foot Locker Inc. reported earnings that surpassed expectations as the sneaker retailer tries to get back on pace with its turnaround plan.Profit, excluding some items, was 22 cents a share, almost ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-05-30/foot-locker-turnaround-shows-signs-of-life-as-sales-stabilize?srnd=homepage-asia\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FL","symbol_name":"富乐客","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2024-05-30/foot-locker-turnaround-shows-signs-of-life-as-sales-stabilize?srnd=homepage-asia","article_id":"1109668549","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1109668549","pubTimestamp":1717078708,"columns":[],"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Foot Locker Inc. reported earnings that surpassed expectations as the sneaker retailer tries to get back on pace with its turnaround plan.Profit, excluding some items, was 22 cents a share, almost dou","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"FL":"富乐客"},"translate_title":"随着销售稳定，Foot Locker出现复苏迹象","themeId":"c0d77e622a6742cf8335299f8317b4b4","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FL":1.1},"content_text":"Foot Locker Inc. reported earnings that surpassed expectations as the sneaker retailer tries to get back on pace with its turnaround plan.Profit, excluding some items, was 22 cents a share, almost doubling the average analyst estimate. Comparable store sales, a key retail metric, fell 1.8% for the quarter ended May 4. That was slightly better than Wall Street’s expectation of a 1.9% drop.Foot Locker’s turnaround effort lost momentum in March when executives delayed their growth plan to hit $9.5 billion in annual sales by two years to 2028. That left investors worried about the retailer’s progress, and its shares sank about 30%. But now it appears on more solid footing as it reaffirmed its sales and profit outlook for this year.Chief Executive Officer Mary Dillon is looking to diversify the retailer’s brand offerings, expand loyalty programs and open new store formats. Foot Locker unveiled a new retail store concept in New Jersey in April, with hopes that revitalized shops will attract more shoppers. It plans to roll out the design in New York, Paris, Melbourne and Delhi later this year.Shares rose as much as 26.4% in morning trading on Thursday morning in New York. The stock had been down nearly 28% this year through Wednesday’s close.Foot Locker is not alone in posting uneven results. The athletic-gear sector has mostly struggled this year. Nike Inc. is cutting $2 billion in costs and laying off 2% of its workforce, Lululemon Athletica Inc. reported a slowdown in its US business and Under Armour Inc.’s weak sales have led to a restructuring. One outlier is Dick’s Sporting Goods Inc., which raised its outlook this week as it continued to steal market share with its broad selection.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":4,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1109668549"}