Stock Groups

Foot Locker Falls as It Points out to Supply Chain Issues -Breaking

by Mike Robinson

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© Reuters.

By Dhirendra Tripathi

Investing.com – Foot Locker stock (NYSE:) stock slipped 6% in Friday’s premarket trading as the company handed out a less-than-confident outlook heading into the busiest time of the year for retailers.

“We expect global supply chain constraints to persist throughout the fourth quarter,” the company said, although it insisted that it has “positive momentum and inventory levels ready to meet customer demand.” 

As of October 30, the company owned 9% more stock.

The total sales increased 4% to $2.18 Billion. Comparable sales increased by 2.2%. The adjusted profit per share was $1.93, compared with $1.21 during the same time last year.

 

 

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