Certificati di investimento - Cap. 2

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Foot Locker down 11.5% on earnings miss
Foot Locker (NYSE:FL) reports comparable-store sales rose 0.8% in Q2.
Excluding the effect of foreign currency fluctuations, sales grew 0.8%.
Gross margin rate fell 10 bps to 30.1%.
SG&A expense rate up 90 bps to 22.2%.
Operating margin rate squeezed 170 bps to 4.6%.
Merchandise inventories down 2.2% Y/Y to $1.23B.
Store count -102 Y/Y to 3,174.
"In addition to making meaningful investments in our stores and digital capabilities during the quarter, we maintained our disciplined approach to inventory management and are set-up to continue flowing fresh, exciting product offerings for the back-half of 2019," said Lauren Peters, Executive Vice President and Chief Financial Officer. "We remain optimistic that we can deliver a mid-single digit comparable sales gain for the full year and high-single digit adjusted EPS growth."
 
U.S. stock futures moved off their highs of the day as the editor-in-chief of the Global Times, Hu Xijin,tweeted that China will take further countermeasures in response to U.S. tariffs on $300 billion of goods. "Beijing will soon unveil a plan of imposing retaliatory tariffs on certain U.S. products. China has ammunition to fight back. The US side will feel the pain," he wrote. WSJ
 
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