Foot Locker issues gloomy holiday outlook, blames soft consumer demand

Foot Locker slashed its full-year guidance on Wednesday after reporting a rough set of quarterly results. The sneaker giant fell short of Wall Street's expectations on the top and bottom lines and blamed the miss on soft consumer demand and elevated promotions across the marketplace. Foot Locker shares dropped 7% in premarket trading after it posted the results.Here's how Foot Locker did in its third fiscal quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG:Earnin ...