Monday, March 20, 2023

Foot Locker Q4 Profit Down, Warns On FY23; To Close Hong Kong Operations

Foot Locker, Inc. reported Monday sharply lower profit in its fourth quarter with slight drop in net sales, even as comparable sales increased. Further, the specialty athletic retailer announced dividend, and issued fiscal 2023 forecast, well below last year. However, over the long term, the company projects growth. Foot Locker further announced that it is transforming its business model in Asia.

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