Foot Locker Falls 27%+ After Abandoning Full-Year Outlook: Is This an Overreaction or is it Time to Sell?

By |2023-05-19T19:44:02+00:00May 19th, 2023|Categories: Feature: Stock Market Investing, Featured: News, Hot Stocks|Tags: , , , , |0 Comments

Foot Locker (FL) released company earnings Friday morning, in which the company didn’t just underperform - they expect things to get worse in the road ahead. The previous full-year guidance has been abandoned amidst a challenging economic climate. And as a result, shares are down 27% so far today. Just how bad was it, [...]