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The Latest Breaking News from Foot Locker Inc

Nike's Frenemies Just Locked Arms - And They're Coming For Control

In a landmark $2.4 billion deal, Dick’s Sporting Goods Inc (NYSE:DKS) has officially acquired Foot Locker Inc (NYSE:FL), creating a retail powerhouse with over 3,200 stores across 20 countries. The merger positions the combined entity as a formidable force in the athletic retail industry. It also has some significant implications…

Evaluating the Prospects of Nike (NKE) and Foot Locker (FL) as 2023 Approaches Its End

Evaluating the Prospects of Nike (NKE) and Foot Locker (FL) as 2023 Approaches Its End

The athletic industry is well-positioned for growth due to increased interest worldwide in sports and fitness activities. Therefore, let’s evaluate the investment prospects of athletic stocks Foot Locker (FL) and NIKE (NKE). Keep reading….

Buy, Sell or Hold? Nike (NKE) and Foot Locker (FL)

Buy, Sell or Hold? Nike (NKE) and Foot Locker (FL)

Sticky inflation, the Fed’s aggressive rate hikes, and the US banking sector turmoil is paving the way for a recession this year. Thus, I think this is not the right time to consider investing in Foot Locker (FL) and NIKE (NKE). Read on.

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United Airlines, Johnson & Johnson And 2 Other Stocks Insiders Are Selling

US crude oil futures traded lower on Monday. Investors, meanwhile, focused on some notable insider trades.

Amazon, Snap And 2 Other Stocks Insiders Are Selling

The Nasdaq dropped around 90 points on Wednesday. Investors, meanwhile, focused on some notable insider trades.

Benzinga's Top Ratings Upgrades, Downgrades For August 22, 2022

Foot Locker Posts Mixed Q1 Earnings; Eyes Upper End Of FY22 Revenue, EPS Guidance

Foot Locker Inc (NYSE:FL) reported first-quarter FY22 sales growth of 1% year-on-year to $2.17 billion, missing the consensus of $2.20 billion. Comparable-store sales decreased by 1.9%, with apparel significantly outpacing footwear. Adjusted EPS of $1.60 beat the analyst consensus of $1.55. Gross margin declined by 80 basis points, driven by higher supply chain…

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Why 2 Foot Locker Analysts Are Downgrading Stock After Q4 Earnings: 'We Were Not Expecting This'

Why 2 Foot Locker Analysts Are Downgrading Stock After Q4 Earnings: 'We Were Not Expecting This'

Sports apparel and footwear retailer Foot Locker Inc (NYSE: FL) reported fourth-quarter financial results Friday. The earnings report resulted in downgrades by Seaport Research and Morgan Stanley. Here's what the analysts had to say.

Foot Locker's Stock Plummets On Grim FY22 Outlook, Vendor Mix

Foot Locker's Stock Plummets On Grim FY22 Outlook, Vendor Mix

Foot Locker Inc (NYSE:FL) reported fourth-quarter FY21 sales growth of 6.9% year-on-year, to $2.34 billion, narrowly beating the consensus of $2.33 billion. Q4 comparable-store sales increased by 0.8%, with apparel significantly outpacing footwear. The gross margin fell 10 basis points to 33%, with strong merchandise margin gains offset by occupancy deleverage. Selling, general…

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