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.
Investment overview
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Foot Locker: Remain Hold Rated As Uncertainties Remain