Foot Locker Inc (FL)

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"weaker than expected by most every benchmark:"

"Foot Locker Inc. suffered its worst stock decline since the depths of the last recession after a bleak outlook renewed concerns that the industry’s growth streak has come to an end.
Shares of the footwear chain fell as much as 28 percent in the wake of results that were weaker than expected by most every benchmark: profit, sales and margins. Foot Locker also forecast continued sales declines over the rest of 2017, with Chief Executive Officer Dick Johnson citing sluggish demand for top brands, including Nike Inc.’s Jordan and Adidas AG’s Stan Smith.
Foot Locker’s same-store sales — a key benchmark — fell for the first time since 2010. That sent ripples across the sporting-goods industry on Friday, dragging down shares of the field’s biggest companies."


http://www.mysanantonio.com/business/article/Foot-Locker-dives-as-investors-brace-for-11942764.php