Nike beat low expectations as investors look for turnaround under new CEO Elliott Hill [Yahoo! Finance Canada]
Foot Locker, Inc. (FL)
Last foot locker, inc. earnings: 2/28 06:45 am
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Source: Yahoo! Finance Canada
The footwear brand posted its fiscal second quarter earnings on Thursday after market close. Its revenue of $12.35 billion bested expectations of $12.13 billion, though it's still a drop compared to the $13.39 billion from a year ago. Adjusted earnings per share clocked in at $0.78 compared to estimates of $0.63, but also under last year's $1.03. Nike shares rose 5% in after hours trading, while retail partner Foot Locker ( FL ) gained 3%. The earnings report is the first under Hill, who is just 60 days into his role as CEO , but has spent his entire career at the company before retiring in 2020. "Our clear priority is to return sport to the center of everything we do," Hill said in the release. "We're taking immediate action to reposition our business, so we can get back to driving long-term shareholder value." In the last year, Nike shares are down more than 36%. The footwear brand lost focus on its products and relationships with distribution partners and now has to cont
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News
- Nike's new CEO plans to go back to basics in brand overhaul effort [Yahoo! Finance Canada]Yahoo! Finance Canada
- Nike's new CEO plans to go back to basics in brand overhaul effort [Yahoo! Finance]Yahoo! Finance
- Nike's new CEO said the company messed up 3 key areas that he's trying to fix — and it's bad news for customers who like cheap stuff [Business Insider]Business Insider
- Nike's New CEO Admits the Brand Has Been Competing With Its Partners, Pledges to Fix Relationships With Foot Locker, JD Sports and More [Yahoo! Finance]Yahoo! Finance
- Nike beat low expectations as investors look for turnaround under new CEO Elliott Hill [Yahoo! Finance]Yahoo! Finance
FL
Earnings
- 12/4/24 - Miss
FL
Sec Filings
- 12/11/24 - Form 10-Q
- 12/4/24 - Form 8-K
- 11/18/24 - Form 4
- FL's page on the SEC website