Foot Locker Stays Optimistic After a Tough Quarter
Investors were bracing for bad news from Foot Locker (NYSE: FL) in its second-quarter report. The footwear retailer had posted slowing growth in the previous quarter, and many of its products have been threatened by the trade battles between the U.S. and China. Those skirmishes could raise its costs and force the company to choose between sales growth and profitability.
In its actual results this week, Foot Locker revealed another significant growth slowdown and its profit margins declined. Yet executives left their full-year outlook in place, implying a strong finish to 2019.
More on that 2019 forecast in a moment. First, here's a summary of the latest results:
Source Fool.com
