Retail News

Foot Locker’s stock tanks on sales and earnings miss

CNBC 08/18/2017

Same-store sales at Foot Locker were down six percent in the second quarter, way off the one percent gain expected by analysts. The chain’s earnings came in at 62 cents per share instead of the 90 cents expected by the Street. Foot Locker’s share plunged 21 percent in premarket trading.

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