Foot Locker Shares Plummet Amid Sales Decline and Revised Full-Year Outlook
Shares in Foot Locker (FL) plummeted by a quarter on Friday after the company readjusted its yearly sales forecast downwards, announcing that current year sales are lagging behind last year’s figures. The athletic retailer’s misses on first-quarter revenue and earnings per share further exacerbated investor worries about the firm’s standing. “Our revenue stream has markedly…