Foot Locker Inc
Stocks making the biggest moves midday: Boeing, Nike, Lockheed Martin, FedEx, Micron Technology and more
Check out the companies making headlines in midday trading: Boeing , Lockheed Martin — Defense contractor Lockheed Martin sold off nearly 7% after Bloomberg News reported that President Donald Trump chose Boeing instead for a contract to create the next-generation fighter jet. Boeing shares surged almost 5%. Nike — Shares tumbled 5% after the athletic […]
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Stocks making the biggest moves midday: General Motors, Novo Nordisk, Kenvue, CrowdStrike and more
Check out the companies making headlines in midday trading: Box — Shares declined more than 3% after the cloud storage company’s top-line guidance fell short of estimates. Box sees first-quarter revenue coming in between $274 million and $275 million, while analysts polled by LSEG expected $279.5 million. Box’s fourth-quarter revenue of $280 million exceeded Wall […]
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Stocks making the biggest moves midday: General Motors, Novo Nordisk, Kenvue, CrowdStrike and more
Check out the companies making headlines in midday trading: Box — Shares declined more than 3% after the cloud storage company’s top-line guidance fell short of estimates. Box sees first-quarter revenue coming in between $274 million and $275 million, while analysts polled by LSEG expected $279.5 million. Box’s fourth-quarter revenue of $280 million exceeded Wall […]
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Foot Locker results show the sneaker industry — and Nike — still have more pain ahead
Foot Locker said Wednesday it expects another year of deep discounts in the sneaker industry as its largest brand partner Nike continues its reset and relies on markdowns to clear through stale inventory. The footwear giant delivered mix results for its holiday quarter, beating Wall Street’s expectations on earnings but falling short on sales. In […]
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Nike will report earnings after the bell. Here’s what Wall Street expects
Customers shop at a Nike store in an outlet mall in Los Angeles, Nov. 8, 2024. Frederic J. Brown | Afp | Getty Images Nike on Thursday will report its fiscal second-quarter earnings, its first quarterly earnings under new CEO Elliott Hill, who is expected to lay out the early innings of a strategy to […]
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More Americans are living in malls, as developers get creative to help ease the housing crisis
Say hello to life at the mall. The classic American mall is undergoing a dramatic transformation as real estate developers swap out dying department stores for apartments, ushering in an era where living at the mall could soon become a new norm. Some U.S. developers are knocking down department stores like Macy’s or JCPenney and […]
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Shares of American Eagle plunge 13% as company issues weak holiday guidance
A shopper walks by an American Eagle store on November 21, 2023 in Glendale, California. Justin Sullivan | Getty Images American Eagle issued weak holiday guidance on Wednesday and cut its full-year forecast as it contends with value-seeking consumers who are only willing to spend during key shopping moments. The apparel retailer narrowly missed Wall […]
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Stocks making the biggest moves midday: JetBlue, Eli Lilly, Pure Storage, Salesforce and more
Check out the companies making headlines in midday trading. JetBlue Airways — The airline said it sees a smaller decline in its full-year revenue guidance than it originally expected, according to a regulatory filing . Higher-than-anticipated bookings in November and December resulted in JetBlue boosting its forecast. Shares surged 8%. Roku — Shares jumped 11% […]
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Stocks making the biggest moves premarket: Salesforce, Foot Locker, Pure Storage, PSQ Holdings & more
Check out the companies making headlines before the bell: Salesforce — Shares rallied more than 12% after the enterprise software company posted a third-quarter revenue beat. Salesforce reported $9.44 billion in revenue, better than the $9.35 billion expected by analysts, according to LSEG. Subscription revenue also beat analyst expectations. Dollar Tree — The stock rose […]
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Foot Locker shares tumble 15% as it issues gloomy holiday outlook amid soft demand
Foot Locker store location on 34th street in New York City. Courtesy: Foot Locker Foot Locker slashed its full-year guidance on Wednesday after reporting a rough set of quarterly results that could be a warning sign for its largest brand partner Nike. The sneaker giant fell short of Wall Street’s expectations on the top and […]
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