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Foot Locker comparable sales fell 3.6% in the quarter as a promotional athletic footwear market weighed on the newly acquired chain
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Dick's Sporting Goods reported second-quarter results on Tuesday that missed analyst expectations and cut its full-year outlook, as a weakening athletic footwear market hurt the performance of its Foot Locker $FL business.
The Pittsburgh-based retailer recorded quarterly net income of $315 million, or $3.50 per diluted share, a decline from $381 million, or $4.71 per diluted share, in the same period a year earlier. Stripping out one-time items, the company earned $3.53 per diluted share on $5.59 billion in revenue, falling short of the $3.76 per share and $5.65 billion in revenue that analysts had anticipated, according to CNBC.
