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Retailer Foot Locker Inc (NYSE:FL) will announce its latest quarterly results before the open Thursday, May 29.
Retailer DICK's Sporting Goods DKS could provide more details of its planned acquisition of Foot Locker, Inc. FL when the company reports first-quarter financial results before market open Wednesday.
Evaluate the expected performance of Foot Locker (FL) for the quarter ended April 2025, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Foot Locker (FL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
JD Sports Fashion PLC (LSE:JD.) shares fell 8% on Wednesday morning as the retailer reported annual results and commentary on first-quarter trading that revealed worse trading than expected.
Telsey Advisory Group analyst Cristina Fernández reiterated the Market Perform rating on Foot Locker, Inc. FL on Friday, raising the price forecast from $20 to $24.
Foot Locker (FL) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.
Dick's Sporting Goods, the retail market share leader in sporting goods, will acquire Foot Locker, the world's largest specialty footwear retailer, for $2.4 billion, nearly tripling total store count, expanding its global presence and further solidifying leadership in both the performance athletic sector and the broader sneaker and sportswear markets.
The market's 14% sell-off in DKS stock after the Foot Locker acquisition is an overreaction, pricing in an unrealistically dire scenario. The $2.5 billion deal is not large enough to materially impair Dick's, and the market is ignoring potential synergies and strategic benefits. Management's track record, Nike's renewed wholesale focus, and Foot Locker's international reach offer real upside not reflected in the current price.
JD Sports Fashion PLC (LSE:JD.) could become a target for a take-private deal, according to a note from Citi, which highlights how depressed valuations and favourable financial mechanics could make a buyout feasible and potentially lucrative.