Financial

Foot Locker lowers full-year outlook on “challenging backdrop”

By 2023-05-21T14:50:00

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Foot Locker, after reporting a 73 percent drop in Q1 operating income to $61 million and an 11.4 percent decline in total sales to $1,927 million for the period ended April 29, dialed back its FY23 outlook for revenues, comp sales and gross margin for the 12 months. The news ...

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