Foot Locker stock pops on earnings beat, reaffirmed guidance

that topped Wall Street estimates. The sneaker retailer also reported a smaller-than-expected drop in same-store sales and reaffirmed its full-year sales and profit guidance.The retail company saw comparable sales fall 1.8% during the first quarter, but still coming in above the expected drop of 1.9%.I. I was looking for one good analogy there, but ultimately, yeah, I tried.

And in this most recent quarter, that's sitting at about 2.8 to 3.2% in terms of what they're guiding towards here for the 2024 financial outlook. Or at least it looks like things are starting to improve on that front, and they're benefiting from some of these cost efficiencies some of these priorities that they have put in and you talk about the fact that Foot Locker is able to sell many of their products at full price.

And, of course, you talk about some of that, uh, momentum, uh, coming in here ahead of the very important holiday quarter as you look ahead to the end of the year.

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Foot Locker shares pop in pre-market, as Q1 earnings point to a step in the right directionFoot Locker seems to be impressing Wall Street as investments show early sign of return.
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Foot Locker Q1 earnings preview: Continued decline expected while the company attempts a turnaroundFoot Locker is expected to report a tough Q1, as Wall Street expects its investments to improve results later in the year.
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