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Foot Locker's stock plunged over 20% as the retailer reported holiday-quarter losses and delayed key financial targets. Earnings per share were 38 cents, beating expectations, but revenue was $2.38 billion, missing estimates. The company noted a decline in comparable sales and announced it would not resume dividends at this time. Analysts pointed out the impact of heavy promotions and excess inventory during the holiday season on Foot Locker's performance.
Finding the next retailer shoe to drop after the Foot Locker debacle this week https://t.co/ZU2ZnnKNwf
Costco $COST March weekly call option implied volatility is at 85, March is at 49; compared to its 52-week range of 14 to 31 into the expected release of quarter results after the bell on March 7. Home of the $1.50 hotdog🌭and soda🥤 https://t.co/wPlbjNwKeH
MongoDB $MDB March weekly call option implied volatility is at 233, March is at 131; compared to its 52-week range of 37 to 87 into the expected release of quarter results after the bell on March 7. https://t.co/qyXPZaxIeE
