Financial

Foot Locker delivers tepid outlook, delays Ebit margin objective

By 2024-03-07T07:32:00

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Foot Locker shares suffered a major setback after the group reported a whopping Q4 net loss of $389 million, outlined weak FY24 guidance, and delayed its Ebit margin range goal of 8.5-9.0 percent by two years until 2026. The news sent FL shares tumbling more than 29 percent, or $10.07, ...

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