Shares of Foot Locker tumbled Friday after the retailer missed Wall Street expectations in its latest quarterly report and slashed its outlook for the full year.
The stock closed down 27%.
Foot Locker posted adjusted earnings of 70 cents per share on revenue of $1.93 billion. Analysts were looking for profit of 76 cents per share on sales of $1.99 billion, according to FactSet consensus estimates.
Source: https://www.wsj.com/livecoverage/stock-market-today-dow-jones-05-19-2023/card/foot-locker-stock-drops-after-earnings-report-bz6fNKz0ZGBG7xzsuD5u?siteid=yhoof2&yptr=yahoo