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

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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