YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
In premarket trade this morning, Foot Locker Inc.'s shares dropped by as much as 15 percent.
The drop follows its quarterly report that showed net income of $51 million compared with $127 million a year earlier. Adjusted earnings per share were 62 cents, well below the 90 cents FactSet consensus.
Revenue dropped 4.4 percent to $1.7 billion, below analysts' expectations of $1.8 billion.
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Moseley’s Discount Office Products was purchased; Side Chick opened in Branson; and the Springfield franchise store of NoBaked Cookie Dough changed ownership.