Footwear retailer Foot Locker (NYSE: FL) updated investors on its second-quarter earnings progress today, and though sales are expected to come in strong, it is going to fall short of Wall Street's earnings expectations.
Even after adjusting for several restructuring charges incurred, the numbers still don't match the robust forecasts of analysts. While Foot Locker seems to have bounced back somewhat this quarter, earnings per share are expected to be between $0.66 and $0.70. That's in line to be above the $0.66 recorded a year ago, but analysts were looking for $0.77 per share.
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