Foot Locker's Q3: Slowing Sales

Investors had high expectations heading into the third-quarter earnings report from Foot Locker (NYSE: FL). Consumer spending trends appear to be spiking in its niche, especially on premium footwear and apparel. And Wall Street was hoping for a bright forecast for the critical fourth quarter that is now underway.

The retailer's update for the quarter ended Oct. 30 included good news on the growth and earnings fronts even though supply-chain issues threaten to limit some of its sales gains over the holiday season. Let's dive right in.

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Source Fool.com