Foot Locker Lowers 2023 Sales And Earnings Guidance
Portfolio Pulse from Benzinga Newsdesk
Foot Locker has lowered its 2023 sales and earnings guidance, potentially impacting investor confidence in the company's growth prospects.
May 19, 2023 | 10:46 am
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Foot Locker's lowered 2023 sales and earnings guidance may negatively impact its stock price in the short term.
Foot Locker's lowered guidance for 2023 sales and earnings indicates that the company may not perform as well as previously expected. This could lead to a decrease in investor confidence, resulting in a negative impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100