Foot Locker Takes A Step Forward
The last two times we spoke about Foot Locker, the stock wasn’t faring well. Inventory and other costs weighed on earnings while the company struggled to spur demand in a weaker consumer environment. And shares were plummeting. 😬
Well, the stock is back in the news today, but for a good reason. Its adjusted earnings per share of $0.30 on revenues of $1.99 billion topped expectations of $0.21 and $1.96 billion.