(CercleFinance.com) – On the occasion of the quarterly publication, Foot Locker indicates that it now expects, for the current financial year, an EPS adjusted towards the lower limit of a range of 4.25-4.45 dollars, while it was previously targeting the upper limit of that ranging from 4.25 to 4.60 dollars.
Similarly, the chain of sporting goods stores forecasts a 6 to 7% drop in its annual sales (-8 to -9% on a comparable basis), against the forecast for the upper limit of a previous range which went from -4 to -6% (-8 to -10% on a comparable basis).
In its second accounting quarter, Foot Locker earned non-GAAP EPS of $1.10, compared to $2.09 a year earlier, for sales down 9.2% to $2.06 billion (-10 .3% at comparable stores).
“Thanks to the strong execution of our team and continued progress against our key objectives, we increased our sales by 16.4% above 2019 levels,” said CEO Richard Johnson.
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