Financial

Foot Locker lowers FY22 outlook slightly, but stock soars on CEO hire

By 2022-08-22T12:06:00

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U.S. retail chain Foot Locker, which operates 630 doors across Europe, has modified its FY22 outlook downward due to likely additional pressures on its H2 business. But the revision, coupled with a 9 percent decline in second-quarter sales and a 76 percent drop in Ebit for the period ended July ...

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