Foot Locker: suspends dividend payments
(CercleFinance.com) - Foot Locker has announced a temporary suspension of its dividend payments, when it announced its first quarter results, which included an adjusted loss of 67 cents per share, compared to adjusted EPS of 1.
53 dollar a year earlier.
At 1.18 billion dollars, the sporting goods retailer's quarterly sales slumped 43.4%, reflecting the impact of store closures imposed by the coronavirus pandemic, while its gross margin fell by 10.2% to 23%.
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