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Foot Locker reports sales that surpassed Wall Street's expectations, but its full-year profit outlook missed, leading to a dive in the stock price. The company faces challenges despite positive sales performance, with concerns about consumer spending and holiday-quarter losses.
Foot Locker delivers improving trends but talks down 2024 calling it 'cash rebuilding year'. Playbook we're seeing across retail. Stocks running big into reporting leave no incentive to guide aggressively despite solid trade $FL $ROST $TGT $HD $TJX $XRT https://t.co/oQWFFD7QPC
Foot Locker Stock Is Tumbling. Don’t Blame Earnings. https://t.co/ogNOSb6z8A
Foot Locker shares fall after heavy promotions lead to holiday-quarter losses https://t.co/RDy5KOSaKf