TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer said Foot Locker's (FL) quarterly results, released Friday, were disappointing.

"It's a reversion of the way Foot Locker was before the last quarter," Cramer noted.

Want more exclusive investing insight from Jim Cramer? Get 24/7 access to Jim's charitable trust portfolio with a free trial to Action Alerts PLUS!

Watch all of Jim Cramer's full NYSE live shows right here:

More from Emerging Markets

History of Marijuana: Origins, Legality and What's Happening in 2018

History of Marijuana: Origins, Legality and What's Happening in 2018

Brent Oil May Make One Last Move Higher, but a Drop Is Coming

Brent Oil May Make One Last Move Higher, but a Drop Is Coming

Striking Options: Tariffs, Equities, Rates

Striking Options: Tariffs, Equities, Rates

Dollar Falls and Market Rallies on Tariffs: What Gives?

Dollar Falls and Market Rallies on Tariffs: What Gives?

Market Movers: Central Bank Meetings

Market Movers: Central Bank Meetings