Foot Locker gains as disciplined expense management fuels earnings beat

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 53%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Foot Locker gains as disciplined expense management fuels earnings beat

However, revenue fell slightly short of expectations at $1.87 billion against a consensus of $1.89 billion. The New York-based athletic retailer also reaffirmed its full-year 2024 adjusted EPS guidance of $1.50-$1.70, aligning with the midpoint above the analyst consensus of $1.57.

Despite total sales dipping by 2.8% from the same quarter last year and comparable sales decreasing by 1.8%, the company managed to increase global Foot Locker and Kids Foot Locker comparable sales by 1.1%. Dillon highlighted the company's disciplined expense management and favorable shifts in expense timing as key factors contributing to the earnings outperformance.

Dillon expressed confidence in the"Lace Up" plan, which focuses on strengthening brand partnerships, enhancing customer engagement, and solidifying Foot Locker's position in sneaker culture. She also noted the company's investment in store refreshes and the introduction of a new retail concept, with more openings planned for the year.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 450. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인