Foot Locker: Blame It On The Tax Man

Last month, the folks over at Cowen & Co. warned investors to sidestep Foot Locker (FL). Good call. Shares of the athletic footwear and apparel merchant shed 16.2% this morning, falling to $59 after the company delivered disappointing financial results for the recently-ended quarter, with earnings, revenue and same-store sales all falling short of expectations. […]
Source: Barrons

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