Why has Foot Locker stock trended down in recent years?

As shoe companies have increasingly sold directly to consumers, Foot Locker has had to lower prices to stay in the picture. But lowering prices lowers profit margins, which is why the stock has trended down in recent years. To be clear, Foot Locker's situation doesn't seem to have materially improved.

What is Foot Locker's full-year outlook?

The company affirmed its full-year outlook of adjusted EPS in the range of $1.50 to $1.70, with comparable store sales higher by 1.0% to 3.0%. Foot Locker shares were up more than 26% to $28.46 as of 10:30 a.m. ET Thursday but remain nearly 10% lower year-to-date.

Can Foot Locker get a leg up?

Foot Locker’s “Lace Up” turnaround strategy may be helping the retailer get a leg up, but it still has a ways to go. Shares of Foot Locker initially jumped by 19% during afternoon trading on Thursday, after the company disclosed that its comparable sales had declined less than Wall Street analysts expected for its first fiscal quarter of 2024.