Foot Locker Sees Potential Outside of Malls
Foot Locker (NYSE: FL) recently announced mixed earnings results as the retailer closed out the first half of its fiscal 2020. Sales growth came roaring back in its second quarter, allowing management to reinstate the dividend after just a one-quarter hiatus, but that good news was tempered by falling profititability and a soft demand outlook.
In the earnings call, CEO Richard Johnson and his team revealed the biggest factors driving those trends while suggesting investors brace for some rocky results in the short term. Let's look at some highlights from that presentation.
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Source Fool.com
