- Case Studies
01 Sep 2023
Foot Locker reported a net loss of $5 million compared to net income of $94 in the same quarter last year. Gross margin declined by 4.6% year-over-year. The Company cited “an increase in promotional activity, which included higher markdowns.” The full-year financial outlook was lowered for the second consecutive quarter, including the gross margin outlook which was lowered in part due to “more aggressive markdowns.” The Company also announced it was pausing its dividend after the next dividend payment in October.
REVIEW FOOT LOCKER (FL), NIKE (NKE) PARTNER PROMOTIONAL HIGHLIGHTS