Foot Locker Expects Q4 FY23 Sales Change Of Down 2.0%-4.0%, With Comparable Sales Change Of Down 7.0%-9.0%
Portfolio Pulse from Benzinga Newsdesk
Foot Locker anticipates a decrease in Q4 FY23 sales by 2.0%-4.0% and a more significant drop in comparable sales by 7.0%-9.0%.
November 29, 2023 | 11:51 am
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Foot Locker expects a decline in Q4 FY23 sales and comparable sales, indicating potential challenges in the retail sector.
The projected decrease in both overall and comparable sales for Foot Locker suggests that the company is facing headwinds that could negatively affect its stock price in the short term. Investors may react to this news with concern, as comparable sales are a key indicator of a retailer's health, and a decline often leads to bearish sentiment in the market.
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