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Stock Market & Financial Investment News

News Breaks
May 23, 2014
09:23 EDTFLFoot Locker says reiterates 'strong' outlook for the rest of the year
Says so far, SSS through yesterday is up mid single digits. Says May's tracking is up mid-single digits. Says still sees quarter comps up mid single digits. Comments made during the company's Q1 earnings conference call.
News For FL From The Last 14 Days
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August 22, 2014
09:28 EDTFLFoot Locker says Q3 comparable sales to experience mid-single digit gains
Says making good progress on solid flow of inventory. Says inventory "well-positioned" for upcoming back to school and fall seasons. Still on track to close just over 100 stores this year, but some closures expected to happen at the beginning of FY15. Projecting to open 80 stores this year mostly in Europe and Kids Foot Locker, which is up from the company's initial projection of opening 60 stores. Says has experienced a high-single digit comparable sales gain so far in August. Sees Q3 SG&A improvement of 30-40 basis points. Sees Q3 gross margin up 20-40 basis points. Comments made during the company's Q2 earnings conference call.
09:05 EDTFLOn The Fly: Pre-market Movers
UP AFTER EARNINGS: GameStop (GME), up 7.1%... Foot Locker (FL), up 3%... Qunar (QUNR), up 6.9%... The Fresh Market (TFM), up 6.5%... Ross Stores (ROST), up 3.8%. ALSO HIGHER: El Pollo Loco (LOCO), up 5.3% after signing franchisee to 20 unit expansion agreement in Texas... Gap (GPS), up 2.8% after upgraded at Janney Capital following Q2 results above analyst estimates and announcing plans to open the first franchise-operated Gap stores in India in 2015. DOWN AFTER EARNINGS: Aeropostale (ARO), down 8%... Ann Inc (ANN), down 2.7%. ALSO LOWER: Ampio (AMPE), down 4.4% after downgraded at Jefferies...
07:01 EDTFLFoot Locker reports Q2 SSS up 7%
Reports Q2 gross margin rate up to 32%
07:01 EDTFLFoot Locker reports Q2 adjusted EPS 64c, consensus 54c
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August 21, 2014
15:15 EDTFLNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Foot Locker (FL), consensus 54c; ANN INC. (ANN), consensus 68c; Hibbett Sports (HIBB), consensus 31c.
07:51 EDTFLFoot Locker price target raised to $58 from $54 at UBS
UBS raised its price target on Foot Locker to $58 from $54 ahead of Q2 results. The firm sees higher than expected earnings, positive same store sales trends, potential for increased guidance, and valuation. Shares of foot Locker are buy rated.
August 20, 2014
08:00 EDTFLFoot Locker Q2 results expected to be solid, says Canaccord
Canaccord said they are positive on Foot Locker heading into Q2 results as they expect results to be solid. The firm feels Foot Locker is well positioned to continue benefiting from the expanding tend toward casual athletic footwear. Shares of Foot Locker are buy rated with a $56 price target.
August 19, 2014
13:40 EDTFLFoot Locker September volatility up into Q2 and guidance
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13:38 EDTFLFoot Locker same-store-sales tracking above consensus, says ITG Research
August 15, 2014
09:34 EDTFLFoot Locker view lowered to Mixed from Positive at OTR Global
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August 12, 2014
06:25 EDTFLFoot Locker added to Focus List at Citigroup
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