07:50 AM EDT, 05/15/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

Foot Locker ( FL ) announces preliminary results for Q1 2025, where the company expects to report a non-GAAP loss of $0.07 vs. $0.22, $0.05 below consensus estimates. The company expects comparable sales to decline 2.6% with North America declining 0.5%. The company announced multiple impairment charges in the quarter which led to a significant GAAP loss. The big news of the night was that Foot Locker ( FL ) is to be acquired by DICK's Sporting Goods (DKS 210 ***) for $2.4 billion at an enterprise value of $2.5 billion. The announcement sent Foot Locker's ( FL ) shares soaring 83% pre-market. Before the announcement, shares traded at just under $13 per share and the company's market capitalization was just over $1.2 billion.