From CNBC:

Foot Locker shares drop in premarket trading after reporting a holiday-quarter loss. The company lost $4.13 per share compared to last year’s income of $0.20 per share. Sales increased by 2% to $2.38 billion. Foot Locker anticipates a sales decline of 1% to an increase of 1% and adjusted EPS between $1.50 and $1.70 for fiscal 2024.

CEO Mary Dillon has been repositioning Foot Locker’s Champs Sports brand and trying to reduce high inventory levels. She previously led Ulta Beauty and was expected to turn Foot Locker around faster. The company recently announced a new partnership with Nike and Jordan Brand called The Clinic, focusing on interactive activations and community events.



Read more at CNBC:: Foot Locker (FL) earnings Q4 2023