EarningsFoot Locker's adjusted EPS of $0.22 topped low $0.12 consensus, reflecting better operating margin performance.
Guidance And GrowthFull year guidance continues to include comps +1-3%, driven by a new rewards program, improved product flows, store refreshes and a return to growth with Nike in 4Q.
Strategic InitiativesThe company highlighted the U.S. launch of FLX Rewards program, store remodels, the launch of the new mobile app, a return to growth with Nike, and the new merchant and buying structure expected to benefit back-to-school.