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Foot Locker Swings to Fiscal Q2 Adjusted Loss, Revenue Increases
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Foot Locker Swings to Fiscal Q2 Adjusted Loss, Revenue Increases
Aug 29, 2024 9:16 AM

07:09 AM EDT, 08/28/2024 (MT Newswires) -- Foot Locker ( FL ) reported a fiscal Q2 adjusted loss Wednesday of $0.05 per diluted share, swinging from adjusted earnings of $0.04 per diluted share a year earlier.

Analysts polled by Capital IQ expected a loss of $0.07 per share.

Revenue for the quarter ended Aug. 3 was $1.90 billion compared with $1.86 billion a year earlier.

Analysts polled by Capital IQ expected $1.89 billion.

The company reiterated its full-year forecast for adjusted EPS of $1.50 to $1.70 on sales of -1% to +1%. Analysts polled by Capital IQ expect $1.54 in adjusted EPS on revenue of $8.15 billion.

Foot Locker ( FL ) shares were down more than 5% premarket.

Price: 30.98, Change: -1.83, Percent Change: -5.58

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