Foot Locker Q1 Adj. EPS $0.70 Misses $0.81 Estimate, Sales $1.93B Miss $1.99B Estimate
Portfolio Pulse from Benzinga Newsdesk
Foot Locker reported Q1 earnings of $0.70 per share, missing the analyst consensus estimate of $0.81, and sales of $1.93 billion, missing the estimate of $1.99 billion. This represents a 56.25% decrease in earnings and an 11.40% decrease in sales compared to the same period last year.
May 19, 2023 | 10:46 am
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Foot Locker's Q1 earnings and sales missed analyst estimates, with a 56.25% decrease in earnings and an 11.40% decrease in sales compared to last year.
Foot Locker's Q1 earnings and sales both missed analyst estimates, with significant decreases compared to the same period last year. This negative performance is likely to have a short-term negative impact on the stock price.
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