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Foot Locker Misses EPS Estimates, Cuts Guidance
Foot Locker(FL Quote) just reported a third-quarter profit that missed EPS estimates by 7 cents.
The company's sales fell 3.5% to $1.31 million, as same-store sales dipped 1.7% during the quarter. The company, which operates the Foot Locker, Lady Foot Locker, Kids Foot Locker, and Champs Sports retail chains, is lowering its outlook on tepid consumer sales.
The company now sees EPS for 2008 to fall into a range of 50 cents to 63 cents per share, below its prior view of 70 cents to 85 cents. ...
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