A Foot Locker store near the Times Square neighborhood of New York, US, on Monday, Nov. 13, 2023.
Shares of Foot Locker rose on Wednesday after the company posted surprise earnings and sales beats and said it saw strong results over Thanksgiving weekend.
Yet Foot Locker lowered the high end of its adjusted earnings guidance, dropping the range to $1.30 to $1.40 per share, down from the previous $1.30 to $1.50 per share.
In the fiscal third quarter, Foot Locker reported net income of $28 million, or 30 cents per share, compared with $96 million, or $1.01 in the year-ago period.
As of Tuesday's close, shares of Foot Locker had tumbled by about 37% this year.
Persons:
Locker, Foot Locker
Organizations:
LSEG, Nike
Locations:
New York