Q2 adj loss per share 0.05 usd vs estimated loss 0.07 (Il Sole 24 Ore Radiocor) - New York, 28 Aug - Shares in Foot Locker were sharply lower after the US footwear retailer beat expectations on second quarter results but failed to impress on progress made in turnaround efforts as it reaffirmed its outlook.

In the quarter ended August 3, total sales increased by 1.9% to 1.896 billion dollars compared to 1,861 billion in the same period a year ago.

The net loss in the three months was 12 million dollars, or a net loss per share of 0.13 dollars, compared to a net loss of 5 million a year ago, or a net loss of 0.05 per share. Its adjusted loss per share was 0.05 dollars compared to analyst expectations for a loss of 0.07.

The company reaffirmed its full-year 2024 non-GAAP EPS outlook of 1.50-1.70 dollars.

At 1445 GMT Foot Locker shares were down 13.4%.

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(RADIOCOR) 28-08-24 16:58:12 (0409) 5 NNNN