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Aug 28, 2024 8:10 AM

Foot Locker Q2 Earnings: Revenue And EPS Beat, Multiple Store Closures, Inventory Falls 10% And More

Foot Locker, Inc (NYSE:FL) stock tumbled in the premarket session on Thursday. The company reported a second-quarter adjusted EPS loss of 5 cents, beating the analyst consensus estimate of 7-cent loss. Quarterly sales of $1.896 billion beat the street view of $1.888 billion.

Also Read: Goldman Sachs Highlights Foot Locker's Digital Rebound And Costco's New Membership Crackdown

Total sales increased 1.9% year over year. The comparable sales grew by 2.6%, which was led by 5.2% growth in global Foot Locker and Kids Foot Locker comparable sales.

During the quarter, the company opened five new ...