Foot Locker drops as co posts wider Q2 loss, reaffirms annual forecasts

Foot Locker

28/08/2024 12:09

** Shares of Foot Locker  FL.N  down ~5% at $31 premarket
    ** Co's Q2 net loss widens to $12 million, compared with $5
million a year ago
    ** Co reports Q2 adj. loss per share of 5 cents, compared
with estimates of 7 cents - LSEG data
    ** Q2 comparable sales rises 2.6%, while net sales climbs
1.9%
    ** Co says it is closing stores and e-commerce operations in
South Korea, Denmark, Norway and Sweden
    ** Co reaffirms adjusted EPS and sales forecast for 2024
    ** As of previous close, stock up 5.3% YTD

 (Reporting by Juveria Tabassum in Bengaluru)
 ((Juveria.Tabassum@thomsonreuters.com;))