Foot Locker Shares Slightly Recovered Today After 30% Decline on Friday
<p><a href='https://financialmodelingprep.com/financial-summary/FL'>Foot Locker, Inc. (NYSE:FL) </a>shares recovered today (up 9% at the time of writing) after dropping almost 30% on Friday following the company’s Q4 results.</p>
<p>While the company’s EPS came of $1.67 came in better than the Street estimate of $1.55 and revenue of $2.34 billion (up 6.9% year-over-year) was roughly in line with expectations, the company’s guidance disappointed investors. The company expects full 2022-year EPS in the range of $4.25 to $4.60, significantly lower than the Street estimate of $6.56. Comparable sales are expected to be down 8%-10% in 2022, compared to the Street estimate of just a 0.02% decline.</p>
<p>The company started the quarter off strong with November comps up high-teens, but December comps decelerated to high-single-digits due to a slowdown in receipts given the supply chain disruption, shifts in the launch calendar to the Spring, and the surge in Omicron.</p>

NYSE:FL