Shares of Foot Locker (NYSE: FL)soared 20% on May 25, after the athletic footwear and apparel retailer's first-quarter numbers beat analysts' expectations. Its revenue rose 1.2% year over year (but fell 1.5% on a constant-currency basis) to $2.03 billion, clearing estimates by $70 million. Its comparable-store sales dipped 2.
8%.Is Foot Locker's Turnaround Finally Here?
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