Foot Locker seems to be impressing Wall Street as investments show early sign of return.
The athletic-footwear retailer posts adjusted earnings of 22 cents share, beating Wall Street estimates of 12 cents.
Footwear and apparel retailer Foot Locker (NYSE:FL) reported results in line with analysts' expectations in Q1 CY2024, with revenue down 2.7% year on year to $1.88 billion. It made a non-GAAP profit of $0.22 per share, down from its profit of $0.69 per share in the same quarter last year.