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FL / Foot Locker stock soars after surprise same-store sales gain and profit beat, raised full-year outlook

Shares of Foot Locker Inc. FL, +5.00% soared 17.7% in premarket trading Friday, after the athletic footwear and apparel retailer reported fiscal third-quarter profit that beat expectations, a surprise increase in same-store sales and boosted its full-year outlook, citing "strong" demand from "resilient" customers. Net income for the quarter to Oct. 29, fell to $96 million, or $1.01 a share, from $158 million, or $1.52 a share, in the year-ago period. Read More

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Posted: Nov 18 2022, 07:02

Author Name: Market Watch

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