Foot Locker: quarterly EPS down a third
(CercleFinance.com) - Foot Locker has reported Q4 adjusted EPS that slumped a third to $0.
97, from $1.46 a year earlier, with its gross margin contracting 2.9%, mainly due to promotional activity.
The sporting goods retailer's total sales slipped just 0.3% to $2.33bn, although excluding currency effects, they rose 3.6%, while, on a same-store basis, they increased 4.2%.
For the year ahead, Foot Locker expects adjusted EPS of $3.35 to $3.65 (including a $0.15 gain from an extra week) on LFL sales that are down by 3.5% to 5.5%.
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97, from $1.46 a year earlier, with its gross margin contracting 2.9%, mainly due to promotional activity.
The sporting goods retailer's total sales slipped just 0.3% to $2.33bn, although excluding currency effects, they rose 3.6%, while, on a same-store basis, they increased 4.2%.
For the year ahead, Foot Locker expects adjusted EPS of $3.35 to $3.65 (including a $0.15 gain from an extra week) on LFL sales that are down by 3.5% to 5.5%.
Copyright (c) 2023 CercleFinance.com. All rights reserved.