Foot Locker’s 28% plunge, guidance cut may signal trouble ahead for other retailers

stock plummeted nearly 28% Friday after a worse-than-expected consumer slowdown led to a double-digit sales drop, prompting the company to slash its outlook just two months after introducing it.

Earnings per share: 70 cents adjusted vs. 81 cents expected

Revenue: $1.93 billion vs. $1.99 billion expected

submitted by /u/Rockefeller07
[link] [comments] https://www.reddit.com/r/stocks/comments/13m51dn/foot_lockers_28_plunge_guidance_cut_may_signal/
Created 2y | May 19, 2023, 7:21:04 PM


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