Foot Locker shares are trading lower after the company reported worse-than-expected Q1 results and lowered its FY23 guidance.
Portfolio Pulse from Benzinga Newsdesk
Foot Locker reported worse-than-expected Q1 results and lowered its FY23 guidance, causing its shares to trade lower.
May 19, 2023 | 10:50 am
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Foot Locker shares are trading lower due to worse-than-expected Q1 results and lowered FY23 guidance.
Foot Locker's worse-than-expected Q1 results and lowered FY23 guidance indicate a weaker financial performance, which negatively impacts investor sentiment and drives the stock price down.
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