Foot Locker Q2 EPS $0.04, Inline, Sales $1.86B Miss $1.88B Estimate
Portfolio Pulse from Benzinga Newsdesk
Foot Locker reported Q2 earnings of $0.04 per share, in line with analyst consensus. This is a 96.36% decrease from the same period last year. The company's quarterly sales of $1.86 billion missed the analyst consensus estimate of $1.88 billion by 1.01%, marking a 9.88% decrease from the same period last year.
August 23, 2023 | 10:45 am
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NEGATIVE IMPACT
Foot Locker's Q2 earnings met expectations but sales fell short of estimates. This could potentially impact the company's stock negatively in the short term.
Foot Locker's earnings met analyst expectations, which is generally a positive signal. However, the company's sales missed estimates, which is a negative signal. The fact that both earnings and sales decreased significantly from the same period last year could also be seen as a negative signal. Therefore, the overall impact on the stock is likely to be negative in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100