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Foot Locker Shares Drop Amid Gloomy Holiday Forecast
Manage episode 457776728 series 3474101
المحتوى المقدم من Daniel Aharonoff. يتم تحميل جميع محتويات البودكاست بما في ذلك الحلقات والرسومات وأوصاف البودكاست وتقديمها مباشرة بواسطة Daniel Aharonoff أو شريك منصة البودكاست الخاص بهم. إذا كنت تعتقد أن شخصًا ما يستخدم عملك المحمي بحقوق الطبع والنشر دون إذنك، فيمكنك اتباع العملية الموضحة هنا https://ar.player.fm/legal.
Read More: https://www.cnbc.com/2024/12/04/foot-locker-fl-earnings-q3-2024.html
Foot Locker is facing significant challenges as it reports a disappointing holiday outlook, which has led to a sharp decline in its share prices. The company has acknowledged a notable "softness" in sales, particularly with its key partner, Nike, contributing to the overall downturn. Analysts had expected a stronger performance, but Foot Locker fell short of Wall Street expectations, prompting it to cut its guidance for the upcoming quarter. This unsettling scenario paints a concerning picture for both the retailer and sneaker enthusiasts who rely on its offerings during the holiday shopping season.
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Foot Locker is facing significant challenges as it reports a disappointing holiday outlook, which has led to a sharp decline in its share prices. The company has acknowledged a notable "softness" in sales, particularly with its key partner, Nike, contributing to the overall downturn. Analysts had expected a stronger performance, but Foot Locker fell short of Wall Street expectations, prompting it to cut its guidance for the upcoming quarter. This unsettling scenario paints a concerning picture for both the retailer and sneaker enthusiasts who rely on its offerings during the holiday shopping season.
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