Financial PerformanceFoot Locker's adjusted EPS of $0.22 topped low $0.12 consensus, reflecting better operating margin performance.
Guidance And Future OutlookFull 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.
Operational ImprovementsSome signs of progress on initiatives, including loyalty penetration increasing 200 bps YoY to 26%, digital rising 80 bps in penetration to 17.1%, and continued progress on new concepts, refreshes, and off-mall expansion.