Shares of Foot Locker Inc. FL,
Pre-sale trading fell 9.0% on Friday, after the athletic and apparel retailer reported a fourth-quarter fiscal profit that exceeded expectations, but a surprise decline in net and off-market sales. one shop. Net income for the quarter to Jan. 30 fell to $ 123 million, or $ 1.17 a share, from $ 134 million, or $ 1.27 a share, in the year-ago period. Excluding neutral items, adjusted earnings per share amounted to $ 1.55, above the FactSet consensus of $ 1.37. Sales slipped 1.4% to $ 2.19 billion, while the FactSet consortium demanded a 3.2% rise to $ 2.29 billion, as the same store’s sales decline of 2.7% missed expectations for 4.9% growth. “Despite a challenging macro background of COVID-related source closures and supply chain density, we delivered strong bottom-end results in the fourth quarter,” said CEO Richard Johnson. “Our customers responded well to our strong product offering and exciting holiday initiative, which moved stronger margins and continued acceleration of our digital business.” The company did not provide financial guidance due to the uncertainty of its The stock has risen 37.5% over the last three months on Thursday, with the S&P 500 SPX,
has gained 5.5%.