( ) -q-27- UNDATED (Correspondent Jeremy House) “were calling for.” Foot Locker is cutting its full-year outlook again. [CutID: <Cuts> FOOT-LOCKER-house-q-WEDam.mp3 Time: 27s Title: FOOT-LOCKER-house-q-WEDam Out-cue: were calling for] TAG: Correspondent Jeremy House reporting. Same-store sales, a key indicator of a retailer’s health, dropped 9.4% in the quarter. —————————– VERBATIM: Foot Locker is also pausing […]
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Foot Locker lowers full-year outlook again, pauses dividend
( ) -q-27- UNDATED (Correspondent Jeremy House) “were calling for.”
Foot Locker is cutting its full-year outlook again.
[CutID: <Cuts> FOOT-LOCKER-house-q-WEDam.mp3
Time: 27s
Title: FOOT-LOCKER-house-q-WEDam
Out-cue: were calling for]
TAG: Correspondent Jeremy House reporting. Same-store sales, a key indicator of a retailer’s health, dropped 9.4% in the quarter.
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VERBATIM: Foot Locker is also pausing its quarterly dividend as sales dropped in its fiscal second quarter with consumers continuing to be more cautious about their purchases. Shares tumbled more than 27%. The footwear and clothing retailer said quarterly sales declined to $1.86 billion from $2.07 billion. That’s short of the $1.88 billion that analysts polled by Zacks Investment Research were calling for.