(CercleFinance.com) – On the occasion of the publication of its quarterly reports, Foot Locker declares that it now expects to reach the upper limits of its annual target ranges, which range from 4.25 to 4.60 dollars for adjusted EPS and -6 to -4% for revenue growth.
In its first accounting quarter, the sporting goods chain earned adjusted EPS of $1.60, compared to $1.96 over the same period last year, for revenues up 1% to 2, 17 billion (-1.9% at comparable stores).
“We got off to a good start in 2022, posting a strong quarter in the face of difficult comparisons from last year’s fiscal stimulus and historically low promotions,” comments its CEO Richard Johnson.
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