Foot Locker: stock in a spin after quarterly results
(CercleFinance.com) - It's a difficult end to the week for Foot Locker, whose share is currently down 14.
2% less than an hour into trading, with the publication of Q4 results that are deemed disappointing by investors.
Although the sports retailer has made a loss, lamenting a loss of 40 cents per share, against EPS of 1.42 dollar a year earlier.
Excluding extraordinary items, Foot Locker nevertheless recorded EPS of 1.26 dollar, 1 cent above the consensus.
Meanwhile, revenues came in at 2.21 billion dollars, after 2.11 billion dollars a year ago and the consensus of 2.22 billion dollars. Note a 3.7% decline in same-store sales year-on-year, while the market was only expecting them to fall by 2.4%.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
2% less than an hour into trading, with the publication of Q4 results that are deemed disappointing by investors.
Although the sports retailer has made a loss, lamenting a loss of 40 cents per share, against EPS of 1.42 dollar a year earlier.
Excluding extraordinary items, Foot Locker nevertheless recorded EPS of 1.26 dollar, 1 cent above the consensus.
Meanwhile, revenues came in at 2.21 billion dollars, after 2.11 billion dollars a year ago and the consensus of 2.22 billion dollars. Note a 3.7% decline in same-store sales year-on-year, while the market was only expecting them to fall by 2.4%.
Copyright (c) 2018 CercleFinance.com. All rights reserved.