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Article Date: November 2023
Word Count: 946

Foot Locker Says Holiday is Off to Strong Start


Big Foot’s third quarter was bad, but better than expected, resulting in net income that was down 71% to $28 million from $96 million, as revenue fell by 9% to $1,989 million from $2,176 million, and would have been 10% lower constant currency. Comps declined 8%, with 3% due to the repositioning of Champs Sports. The quarter got off to a slow start, comping down high-single digits in Aug. and Sep. before improving to a mid-singles decline in Oct. Footwear sales comped down high-single digits, apparel was even worse, with a ... Log in to view full article.

 


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