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Foot Locker Stock Drops 5% Despite Positive Comps, Earnings Beat

Join us on January 26 at 11 am ET for a webinar with Lenzing, TextileGenesis and sustainable brand ArmedAngels for a discussion on how they’re using Fibercoin technology to realize traceability’s benefits to sustainability, brand loyalty and risk mitigation.

Foot Locker stock dropped nearly 5 percent on Friday morning after the athletic footwear retailer released its third-quarter earnings, marking a loss of 29 percent in stock value since the beginning of 2019. In a Nutshell: Despite an earnings beat and healthy same-store sales, Foot Locker will head into Q4 hoping for a better outcome. Foot…

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