Foot Locker lowers full-year outlook again, pauses dividend as 2Q sales fall on cautious consumers
Foot Locker lowers full-year outlook again, pauses dividend as 2Q sales fall on cautious consumers
Foot Locker is cutting its full-year outlook again and pausing its quarterly dividend as sales dropped in its fiscal second quarter with consumers continuing to be more cautious about their purchases..
Foot Locker is cutting its full-year outlook again and pausing its quarterly dividend as sales dropped in its fiscal second quarter with consumers continuing to be more cautious about their purchases. Shares tumbled more than 33% on Wednesday. The footwear and clothing retailer said quarterly sales declined to $1.86 billion from $2.07 billion. That’s short of the $1.88 billion that analysts polled by Zacks Investment Research were calling for. Same-store sales, a key indicator of a retailer’s health, dropped 9.4% in the quarter.
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Foot Locker Paused Its Dividend. Is the Turnaround in Trouble?
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Foot Locker's Stock Drops 30% After Sales Decline, Retailer Blames Consumers
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Foot Locker Blames Weak Quarter on 'Consumer Softness
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Foot Locker shares plummet; retailer suspends dividend following soft Q2 earnings - TheStreet
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Foot Locker lowers full-year outlook again, pauses dividend as 2Q sales fall on cautious consumers
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Foot Locker Shares Sink After Reporting Falling Sales as Shoppers Pull Back
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