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Article Date: November 2022
Word Count: 965

Foot Locker Raises Guidance as New CEO Takes Helm


Big Foot’s new chief, Mary Dillon is off to a strong start as the retailer posted better-than-expected third quarter profits of $96 million, down 39% from last year’s $158 million, on a 1% drop in sales to $2,173 million from $2,189 million that would have been up over 3% constant currency. Comps inched up 0.8%, including +4.7% in stores offset by a 14.5% decline in e-commerce. Excluding some one time charges for consulting related to the ongoing $200 million cost optimization plan and impairments, adjusted non-GAAP net income was $121 million ... Log in to view full article.

 


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