Foot Locker Q2 Loss Narrower Than Expected, Margin View Down

Foot Locker, Inc. (FL) posted second-quarter fiscal 2024 results, with both the bottom and top lines surpassing the Zacks Consensus Estimate. Also, revenues were above while earnings were below the year-ago quarter's level. The company lowered its margin guidance due to heightened promotional pressure.However, in the second quarter, the Lace Up Plan demonstrated its effectiveness by driving a return to positive total and comparable sales growth, along with gross margin expansion. Strong top-line trends were ...