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Foot Locker lowers 2024 forecast despite fourth-quarter beat

By Josh White

Date: Wednesday 06 Mar 2024

(Sharecast News) - Foot Locker surpassed expectations in its fourth-quarter 2023 results on Wednesday, but disappointed investors after it lowered its profit outlook for the 2024 financial year.
The athletic retailer's stock price plunged in pre-market trading due to these tempered expectations and delayed targets.

Despite increased markdowns reducing inventory,...

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