10:25 AM EST, 03/06/2024 (MT Newswires) -- (Updates with the latest stock price movement in the headline and first paragraph.)

Foot Locker ( FL ) shares slumped 26% in recent Wednesday trading after the company's fiscal Q4 adjusted earnings fell and full-year guidance trailed estimates by analysts.

The company reported fiscal Q4 adjusted earnings of $0.38 per diluted share, down from $0.97 a year earlier. Analysts polled by Capital IQ expected $0.32.

Revenue in the quarter ended Feb. 3r rose to $2.38 billion from $2.34 billion a year earlier. Analysts surveyed by Capital IQ expected $2.28 billion.

The retailer's comparable sales fell 0.7%. Analysts polled by Capital IQ expected a 7.4% decline.

Foot Locker ( FL ) said it expects fiscal 2024 adjusted EPS of $1.50 to $1.70. Analysts surveyed by Capital IQ expect $1.81.

Sales in the fiscal year are expected to range from a decline of 1% to a gain of 1%. The company said it expects fiscal 2024 comparable sales to grow 1% to 3%. Analysts surveyed by Capital IQ expect a growth of 0.6%.

The company said it views 2024 as a "cash rebuilding year," and it is "not resuming a dividend at this time."

Price: 25.40, Change: -8.91, Percent Change: -25.97