Foot Locker Sees FY24 Adj. EPS $1.50-$1.70 vs $1.35 Est., Comparable Sales Up 1-3%
Portfolio Pulse from Benzinga Newsdesk
Foot Locker forecasts an adjusted EPS of $1.50-$1.70 for FY24, surpassing the estimated $1.35. The company also expects comparable sales to increase by 1-3%.
March 06, 2024 | 11:47 am
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Foot Locker projects a higher-than-expected adjusted EPS of $1.50-$1.70 for FY24, with comparable sales growth of 1-3%.
Foot Locker's projection of a higher adjusted EPS than the estimated $1.35 for FY24 indicates strong financial health and operational efficiency. The expected increase in comparable sales of 1-3% further supports the company's growth trajectory. These positive forecasts are likely to instill investor confidence, potentially leading to a short-term increase in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100