Foot Locker Breaks Down Its Strong Third Quarter
Foot Locker (NYSE: FL) recently treated investors to some good news about its operating trends. The footwear and apparel specialist's growth rebounded sharply in the fiscal third quarter, and its profitability also increased. These factors combined to push its adjusted earnings per share higher by nearly 20%.
That news wasn't all good, though. CEO Richard Johnson and his executive team broke down the wins and losses from the period in their conference call with analysts, during which they also detailed why they slightly lowered their sales outlook for the full year. Below are a few highlights from that presentation.
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Source Fool.com
