Ticker delayed 20 minutes
Avg Daily Volume: 8,576,923 Market Cap: 105.04B
Sector: Consumer Goods Short Interest: 1.16
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .59/share REV: 9,800/M
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LAST QTR: EPS: .58/share ACTUAL: .70/share (BEAT)
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NEXT QTR: EPS: .39/share REV: 9,360/M
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FULL YR: EPS: 2.59/share REV: 40,150/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 67% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -2.27, 6.43, 1.3
EXPECTED JUMP MOVE: 8-10
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*** With market volatility at extremes during the coronavirus pandemic there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading.
Links To Latest News and Headlines
To hit its five-year growth goal, the popular athletic apparel business will need to win a few rounds against a formidable opponent.
When Nike sued sneaker resale platform StockX this month, accusing it of hawking fake shoes, the suit echoed the complaints of many online users. While shoppers are willing to take their chances on the authenticity of items at the local consignment store, they expect more from big resellers like StockX, The RealReal, or famous vintage boutiques What Goes Around Comes Around, a celebrity favorite. According to McKinsey, the luxury resale market was worth as much as $30 billion in 2020 and is expected to grow between 10% to 15% over the following decade.
The shoe retailer bucked the retail trend and rose despite a year-over-year earnings decline. Here’s why.
(Bloomberg) — Foot Locker Inc. shares climbed after its forecast showed the retailer is overcoming Nike Inc.’s move to sell more shoes via its own channels. Most Read from BloombergWalmart’s Troubles Should Have Everyone on High AlertA $5 Trillion ‘Wealth Shock’ Is Cracking Americans’ Nest EggsHow an Energy Expert Triggered Vladimir Putin With One WordOne of the World’s Frothiest Housing Markets Turned Into a Seller’s Headache OvernightPutin’s War Means Russia’s Rich Aren’t Welcome at Davos Any
Foot Locker says it expects full-year earnings and revenue at the ‘upper end’ of its guidance.
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