Foot Locker shares soared on Friday after the shoe company crushed Wall Street's profit projections and reported same-store sales growth that more than doubled expectations.
Foot Locker reported fourth-quarter earnings of $1.56 per share versus Refinitiv estimates of $1.40; sales totaled $2.27 billion."We delivered a gain in our gross margin rate above the guidance we provided at the beginning of the year, achieved an inventory turn above our long-term target, and made important investments, both directly in our business and by taking strategic stakes in other companies," Chief Financial Officer Lauren Peters said in a press release.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
War memorial or religious symbol? Cross fight reaches U.S. high courtWhen Fred Edwords first drove by the 40-foot-tall (12 meters) concrete cross tha... Subscribe to pewdiepie Erase history... Religious symbol. Duh. Next question?
Source: Reuters - 🏆 2. / 97 Read more »
Foot Locker shares soar 18.5% premarket after blowout earnings
Source: MarketWatch - 🏆 3. / 97 Read more »
Foot Locker invests in kid's clothing company Rockets of Awesome—the latest in a string of dealsFoot Locker invests $12.5 million in kid's clothing company Rockets of Awesome—the latest in a string of deals Woooo I bought it yesterday.. Sharktanks..... following u
Source: CNBC - 🏆 12. / 72 Read more »
Starbucks' new 32,000-square-foot store in Tokyo is its biggest in the worldStarbucks is opening its fifth ultra-fancy, lavish coffee shop, a 32,000-square-foot 'Roastery,' in Tokyo Weren’t they just closing down tons of stores 5-minutes ago? 🧐 Selling cheap coffee in fancy buildings to boost sales That's absurd.
Source: CNN - 🏆 4. / 95 Read more »
Foot Locker’s Game Plan to Win Over SneakerheadsFoot Locker created an augmented-reality scavenger hunt in which sneakerheads could find LeBron 16 King Court Purple sneakers in LA
Source: WSJ - 🏆 98. / 63 Read more »
Gusty winds off Lake Erie pushed this 10-foot mountain of ice onto landSome watched in awe and others in horror as a 'tsunami of ice' crashed ashore. Tellum, Lake Erie. Yawn. You should have seen what it was like during the Winter of 76-77. capitalweather Well that will still be there in June 😂😂
Source: washingtonpost - 🏆 95. / 72 Read more »
Kyler Murray measures above 5-foot-10, alleviating some concerns over his sizeMurray, who weighed in at 207 pounds at the NFL scouting combine, is in the running to be the first quarterback selected in April's draft. Until he gets pile driven into the ground. Can’t see over the nfl line. He will have issues.♠️
Source: washingtonpost - 🏆 95. / 72 Read more »
Supreme Court seems open to allowing 40-foot cross on public landThe high court on Wednesday heard over an hour of arguments in the case about the World War I memorial sometimes referred to as the 'Peace Cross.' Can we put a confederate flag alongside? Supreme Court should have been Impeach for illegally hearing the Same sex Marriage case breaking Constitutional law. Even after we found out that most priests are bonified pedophiles?
Source: NBCNews - 🏆 10. / 86 Read more »
Archie Comics, a huge troll, cow tipping: News from around our 50 states
Source: USATODAY - 🏆 100. / 63 Read more »