{"id":19838,"date":"2022-08-19T10:27:51","date_gmt":"2022-08-19T17:27:51","guid":{"rendered":"https:\/\/marketdepth.com\/?p=19838"},"modified":"2022-08-24T09:29:19","modified_gmt":"2022-08-24T16:29:19","slug":"foot-locker-stock-surged-after-releasing-earnings","status":"publish","type":"post","link":"https:\/\/marketdepth.com\/foot-locker-stock-surged-after-releasing-earnings\/","title":{"rendered":"Foot Locker Stock Surged After Releasing Earnings"},"content":{"rendered":"\n

Foot Locker (FL:NYQ) surprised the market and released positive quarterly earnings Friday. The company did $2.07 billion in quarterly sales which is in line with analyst estimates.<\/p>\n\n\n\n

Foot Locker stock is up 20% intraday on the positive results.<\/p>\n\n\n\n

On another positive note, the company announced<\/a> the current CEO Richard Johnson would be retiring and former ULTA Beauty CEO Mary Dillon will be taking his place. The news plus analyst becoming bullish on the stock lifted the share price to $38 a share.<\/p>\n\n\n\n

\u201cThis is a thesis changing move given Dillon\u2019s strong reputation in the industry.\u201d<\/p>BofA Securities Analyst Lorraine Hutchinson<\/cite><\/blockquote>\n\n\n\n

Retailers constantly reducing outlooks as external pressures are driving sales down while they fight inflation. Foot Locker is currently beating out other retailers with positive results and the change in CEO will help them drive sales forward.<\/p>\n","protected":false},"excerpt":{"rendered":"Foot Locker (FL:NYQ) surprised the market and released positive quarterly earnings Friday. The company did $2.07 billion in quarterly sales which is in line with analyst estimates. Foot Locker stock is up 20% intraday on the positive results. On another positive note, the company announced the current CEO Richard Johnson would be retiring and former… View Article<\/a>","protected":false},"author":3,"featured_media":19839,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"pmpro_default_level":0,"footnotes":""},"categories":[10,31,17,12,16],"tags":[],"acf":[],"yoast_head":"\nFoot Locker Stock Surged After Releasing Earnings - MarketDepth<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/marketdepth.com\/foot-locker-stock-surged-after-releasing-earnings\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Foot Locker Stock Surged After Releasing Earnings - MarketDepth\" \/>\n<meta property=\"og:description\" content=\"Foot Locker (FL:NYQ) surprised the market and released positive quarterly earnings Friday. The company did $2.07 billion in quarterly sales which is in line with analyst estimates. Foot Locker stock is up 20% intraday on the positive results. On another positive note, the company announced the current CEO Richard Johnson would be retiring and former... 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