Foot Locker jumps 23% after saying it expects to report a surprise profit in the 2nd quarter (FL)
- Date: 10-Aug-2020
- Source: Markets Insider
- Sector:Financial Markets
- Country:GCC
Foot Locker jumps 23% after saying it expects to report a surprise profit in the 2nd quarter (FL)
Foot Locker on Monday said it expects to report a surprise profit in the second quarter, as comparable sales jumped 18% in the period.
Shares of Foot Locker jumped as much as 23% in premarket trading Monday.
The company is scheduled to report its second-quarter earnings on August 21 before market open.
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Shares of Foot Locker surged as much as 23% in premarket trading Monday after the company said it expects to report a surprise profit in the second quarter.
Foot Locker announced on Monday that in the second quarter ending August 1, comparable store sales jumped around 18%. In addition, diluted earnings for the quarter are expected to be between 38 cents and 42 cents per share, compared with 55 cents