Foot Locker Lowers 2023 Comparable Sales Guidance From Down 3.5-5.5% To 7.5-9%
Portfolio Pulse from Benzinga Newsdesk
Foot Locker has lowered its 2023 comparable sales guidance from a decline of 2.5-5.5% to a decline of 7.5-9%.
May 19, 2023 | 10:47 am
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Foot Locker's lowered 2023 comparable sales guidance may negatively impact its stock price in the short term.
Foot Locker's lowered sales guidance for 2023 indicates that the company expects weaker performance in the future. This may lead to a negative sentiment among investors, causing a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
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