Parts of Foot Locker were down 12 percent on Friday, the look at’s worst day in a year, after the company posted weaker-than-expected sales for the survive quarter.
Foot Locker’s same-store sales for the second quarter multiplied 0.5 percent versus the 0.7 percent increase expected corresponding to the consensus estimate from FactSet.
Those sales are not expected to get much less ill this quarter. “For the third quarter, we still expect comparable exchanges to be up low single-digits with Q4 strengthening further within that low single-digit sphere,” the company’s CFO, Lauren Peters, said on a conference call.
Foot Locker earned 75 cents per divide up for the quarter, 5 cents better than the consensus analyst sentiment from Thomson Reuters.
The stock’s poor performance on Friday also weighed on Dick’s Romp Goods, which was down 7 percent on Friday, that company’s worst day since October 2017.