FL Stock Recent News

One of the market's most closely watched economic reports made a sudden turn last week. The employment situation report (NFP) showed that the U.S. economy is still resiliently adding jobs despite seeing some contradicting indicators placing a ceiling on its growth.

Foot Locker's (FL) misses Q1 revenue estimates. Comparable sales decline 1.8% y/y on changes in the Champs Sports banner.

After reporting its first quarter 2024 financial results, shares of Foot Locker Inc. NYSE: FL jumped by as much as 40% as markets reacted to what could be the retail sector's latest turnaround story. Now that the stock is consolidating to the end of the week, investors can use this breather to hop on a new thesis for Foot Locker stock.

CNBC's Gabrielle Fonrouge talks Foot Locker's turn around story as the stock surges on quarterly results.

Foot Locker shares surged after reporting better-than-expected first quarter earnings.

Expectations for Foot Locker were really low, making it easy to impress investors by merely reiterating its guidance. Management believes that remodeling its stores will allow it to stay relevant -- a belief long-term investors need to share before buying this stock.

Foot Locker (FL) shares soared Thursday as the athletic shoe and apparel retailer's first-quarter results showed its turnaround efforts seem to be working.

While the top- and bottom-line numbers for Foot Locker (FL) give a sense of how the business performed in the quarter ended April 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Foot Locker, Inc. (NYSE:FL) shares have rocketed close to 30% on Thursday after its turnaround plan started to bear fruit, with first-quarter profits smashing analysts' expectations. Earnings per share came in at US$0.22, beating Wall Street guidance of US$0.12, after a period in which average selling prices of its products increased.

CNBC's Jim Cramer delivers his daily Mad Dash.