Reported 6 months ago
Foot Locker's shares surged nearly 20% as CEO Mary Dillon highlighted a strong start to the year with the company's 'Lace Up Plan' showing promise, including digital business improvements. Q1 saw better-than-expected revenue at $1.88 billion, adjusted EPS of $0.22 above estimates, and same-store sales declining 1.8%. Despite consumer challenges like inflation, Foot Locker reaffirmed its 2024 guidance and plans to refresh global locations, emphasize digital sales, and enhance brand partnerships, particularly with Nike.
Source: YAHOO