Says remains on track to generate positive FCF for the year. Says will maintain a limited presence in NYC going forward. Says still expects comp momentum to build into back half. Says expects to open roughly 30 new stores in the year. Says finding efficiencies in managing expenses. Says remain committed to operational and investment management.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FL:
- Foot Locker Shares Insights in Investor Presentation
- FOOT LOCKER, INC. REPORTS SECOND QUARTER 2024 FINANCIAL RESULTS; REAFFIRMS 2024 OUTLOOK; ANNOUNCES STRATEGIC UPDATES IN SUPPORT OF LACE UP PLAN
- Foot Locker price target raised to $38 from $34 at Evercore ISI
- Options Volatility and Implied Earnings Moves This Week, August 26 – August 30, 2024
- Foot Locker price target raised to $35 from $26 at Baird