Foot Locker's Enhanced Product Offerings Boost Sales, But Analyst Warns of H2 Challenges

Foot Locker, Inc. FL shares are diving today after it released second-quarter results.The company reported a second-quarter adjusted EPS loss of 5 cents, beating the analyst consensus estimate of a 7-cent loss and sales of $1.896 billion, beating the street view of$1.888 billion.The company reiterated fiscal 2024 sales change of (1%)-1%, or $8.072 billion to$8.236 billion vs. the consensus of $8.130 billion and adjusted EPS guidance of$1.50-$1.70 versus the$1.54 consensus.J.P.Morgan analyst Matthew R. B ...