Foot Locker ( (FL) ) has issued an announcement.
Foot Locker, Inc. reported a mixed third quarter 2024, with a slight decrease in total sales by 1.4% and a 2.4% increase in comparable sales. The company saw a gross margin expansion of 230 basis points but faced a net loss of $0.34 per share. Despite the challenges, Foot Locker continued its strategic initiatives, highlighting collaborations with Nike and the Chicago Bulls, while updating its full-year outlook due to a more promotional market environment.
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