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
  • Who else needs to know?

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.

Watch Foot Locker trade live on Markets Insider. 

Read more on Business Insider. 

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