(CercleFinance.com) – Foot Locker soared 20% at the start of the session, surrounded after the announcement of the appointment of Mary Dillon, former CEO of Ulta Beauty, as new CEO of the sporting goods chain in from September 1, replacing Richard Johnson.
‘Mary Dillon has had great success at Ulta Beauty’, underlines John Zolidis at Quo Vadis Capital, deeming her ‘capable of resolving the obvious headwinds facing the group and growing the business’.
This appointment also leads Bank of America to raise its recommendation on Foot Locker to ‘neutral’, with a price target raised to 43 dollars, the broker also pointing to adjusted EPS above expectations, revealed by the group for its second quarter. .
These elements overshadow the duller outlook posted by Foot Locker: for the current financial year, it only expects an EPS adjusted towards the lower limit of a range of 4.25-4.45 dollars. , instead of the upper limit of that of 4.25-4.60 dollars.
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