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Why Foot Locker's Stock Is Trading Higher Today

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Why Foot Locker's Stock Is Trading Higher Today

Foot Locker (NYSE: FL) shares are trading higher on Monday after the company issued second-quarter EPS guidance above analyst estimates and reported an 18% increase in same-store sales in the second quarter.

Foot Locker operates thousands of retail stores throughout the United States, Canada, Europe, Australia, and New Zealand. It also has one franchisee in the Middle East and one in South Korea, each of which operates multiple stores in those regions. The company mainly sells athletically inspired shoes and apparel.

Foot Locker's merchandise comes from only a few suppliers, with Nike providing the majority. Store names include Foot Locker, Champs, and Runners Point. The company also has an e-commerce business selling through Footlocker.com, Eastbay and Final-Score.

Foot Locker shares were trading up 8% at $29.70 at the time of publication on Monday. The stock has a 52-week high of $47.86 and a 52-week low of $17.46.

 

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