(Boursier.com) — Foot Locker, the American retailer of sports shoes and accessories, stalled before the stock market on Wall Street. The group indeed offered a weak guidance for the 2022 financial year. Over the quarter ended, the accounts were however solid, the company generating a net profit of 103 million dollars and 1.02 $ per title, against 123 million dollars a year before. Adjusted earnings per share were $1.67, versus a FactSet consensus of $1.44. Revenue improved to $2.34 billion from $2.19 billion for the same period last year and consensus $2.32 billion. The dividend is increased by 33% and a new $1.2 billion share buyback program has been decided.
For the 2022 financial year, revenues are expected to fall by 4 to 6%, with a like-for-like decline of 8 to 10% and adjusted EPS ranging from $4.25 to $4.6.
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