Foot Locker Inc. on Thursday reaffirmed its outlook for the fiscal year of 2024 after it reported results for the first quarter.
The company on Thursday reaffirmed its outlook for the full year of 2024 after it reported results for the first quarter that included better-than-expectedper share. Total sales in the quarter were $1.87 billion, down 2.8 percent over the prior year, short of the $1.88 billion expected by analysts surveyed by Yahoo Finance.reported a net income of $8 million in the first quarter, compared with net income of $36 million in the same period last year.
“Our diversified strategy for our customers is working,” Dillon said. “Our customers really want and love to have a wide variety of choices.” Dillon also noted that Foot Locker saw sequential sales improvement throughout the March and April period as well as positive average unit retail prices throughout the quarter, which she said “shows consumer willingness to pay for our assortment at full price.”
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