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FL - Foot Locker: Remain Hold Rated As Uncertainties Remain
Foot Locker Inc.
2024-06-03 09:46:19 ET
Summary
FL reported 1Q24 earnings with a decline in revenue and earnings per share, but signs of improvement in same-store-sales growth.
Positive updates on Nike's innovation pipeline could drive future same-store-sales growth for FL.
However, there are still uncertainties and headwinds that could impact FL's ability to meet its FY24 guidance, making it safer to wait for actual results before turning bullish.