Nike's turnaround is starting to work. Thank sports [Yahoo! Finance]
Foot Locker, Inc. (FL)
Last foot locker, inc. earnings: 2/28 06:45 am
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US:NYSE Investor Relations:
footlocker-inc.com/investors.cfm?page=investor-relations
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Source: Yahoo! Finance
The company posted $11.27 billion in revenue and 54 cents per share in profit, beating analysts' consensus forecasts of $11.01 billion and 29 cents, respectively. The stock rose almost 3% in after-hours trading. “The progress we've made reinforces my confidence that we are on the right path,” Hill said in a statement. It was still a difficult quarter: Overall sales dropped 9% primarily due to a 17% plunge in China, amid new tariffs and softer consumer. Margins remain under pressure as the company works to clear old inventory and introduce new styles as Hill shifts its focus back to its athletic roots. Hill, who has reorganized corporate teams by sport and secured major sponsorship deals with the NFL, NBA and WNBA, is refocusing the brand away from fashion . This strategy was prominently showcased on the world's biggest sports stage – the Paris Olympics Nike has made significant strides, particularly with female customers. A new partnership with Kim Kardashian's Skims brand ai
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