Why Foot Locker Stock Jumped Today
Shares of Foot Locker (NYSE: FL) surged on Friday after the sportswear and footwear retailer reported surprisingly strong second-quarter results.
As of 2:30 p.m. EDT, Foot Locker's stock price was up more than 8%.
A 6.9% rise in comparable-store sales helped drive Foot Locker's revenue up 9.5% year over year to $2.3 billion. The gains were fueled by robust sales of women's and kids' footwear, apparel, and accessories.
Source Fool.com
