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Foot Locker Q1 earnings preview: Continued decline expected while the company attempts a turnaround

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Foot Locker ニュース

Mary Dillon,Quarterly Results

Foot Locker is expected to report a tough Q1, as Wall Street expects its investments to improve results later in the year.

CEO Mary Dillon said 2024 "will be another year of significant investment" on a call with investors following its previous quarterly results, as it looks to improve its digital business, the store experience, and loyalty and brand building.

Binetti added that "pressured low-income consumers" will add to Foot Locker's challenge. Per Telsey Advisory Group's Cristina Fernández, roughly 50% of Foot Locker's main customer base has a household income of approximately $50,000 or less. JP Morgan analyst Matthew Boss, who has underweight rating on shares, pointed to strength in the back half of the year from "initiatives around store refresh, digital , loyalty, and the return to Nike growth drive improved growth."

Its loyalty program, which has been in testing and is expected to formally launch in Q2, is showing early signs of "higher activations and average transaction metrics in test," per Binetti. The flagship ARKK ETF is holding onto three stocks that are down more than 90% since Cathie Wood's initial purchase.Despite its recent sharp gains, Enbridge stock has the potential to continue inching up in the years to come and reward investors with higher dividends. The post Where Will Enbridge Stock Be in 3 Years? appeared first on The Motley Fool Canada.While the Nasdaq Composite is at a record high, some experts believe that a shift is coming in the market.

 

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