SGB Executive

Foot Locker’s Shares Take Hit On Weak 2023 Outlook

Foot Locker’s Shares Take Hit On Weak 2023 Outlook

At its Investor Day on Monday, Mary Dillon, Foot Locker’s new CEO and president, outlined an ambitious “Lace Up” growth plan and said progress is being made in repairing the company’s relationship with Nike. However, shares of Foot Locker fell $2.43, or 5.8 percent, to $39.83 as earnings for the current year were guided sharply below analyst targets as the business undergoes a “reset.” (Read More)

EXEC: Fitness Chains See Brawny Recovery Continue Into 2023

EXEC: Fitness Chains See Brawny Recovery Continue Into 2023

As consumers return to fitness clubs, publicly-traded club operators Planet Fitness, Life Time Fitness and Xponential Fitness reported fourth-quarter results topping expectations and delivered upbeat forecasts for continued growth in 2023. The results were in sharp contrast to the in-home fitness equipment brands that saw revenues take a dive following pandemic-driven growth. (Read More)

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