Foot Locker's 3Q Results Can Save Face, Or Make Matters Worse -- Market Talk

Dow Jones11-21 01:25

1225 ET - Foot Locker's threads may be running thin. The sneaker seller likely had a weak 3Q, UBS analysts say in a research note, in part citing lackluster sales trends during recent channel checks. However, the company could pleasantly surprise investors by posting better-than-expected margins after lapping last year's high markdowns, or by detailing a strong Black Friday on its earnings call, which is scheduled for the following week. If neither occurs, the bearish sentiment around the company, whose stock fell more than 31% in the last three months, could further deteriorate, they say. UBS forecasts a small 3Q EPS miss, as well as a cut to its FY EPS guide. The bank cuts its price target to $26 from $29. (connor.hart@wsj.com)

(END) Dow Jones Newswires

November 20, 2024 12:25 ET (17:25 GMT)

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The sneaker seller likely had a weak 3Q, UBS analysts say in a research note, in part citing lackluster sales trends during recent channel checks. ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">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":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2485401261","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485401261","pubTimestamp":1732123500,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1225 ET - Foot Locker's threads may be running thin. 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