FL - Why Specialty Athletic Retailer Foot Locker's Shares Are Surging Today | Benzinga
Specialty athletic retailer Foot Locker Inc (NYSE: FL) shares are gaining after reporting its third-quarter FY23 earnings results.
FL reported a third-quarter FY23 sales decline of 8.6% year-on-year to $1.99 billion, beating the analyst consensus estimate of $1.97 billion. Adjusted EPS of $0.30 beat the consensus estimate of $0.25.
Comparable store sales decreased by 8% versus last year, driven by ongoing consumer softness, changing vendor mix, ...