Apparel Supplier

Foot Locker’s Q4 Tops Wall Street Targets, Sets Long-Term Growth Plan

Foot Locker’s Q4 Tops Wall Street Targets, Sets Long-Term Growth Plan

Foot Locker, Inc. reported fourth-quarter earnings below year-ago levels, but sales and earnings were ahead of Wall Street estimates. The sneaker retailing giant forecasted same-store sales would fall 3.5 percent to 5.5 percent; however, today, during its Investor Day conference, Foot Locker said it would outline a new long-term growth strategy that calls for same-store growth between 3 percent to 4 percent from fiscal years 2024 through 2026 and significantly higher EPS growth. (Read More)

Topgolf Callaway Brands Completes Debt Refinancing

Topgolf Callaway Brands Corp. completed a series of related transactions in support of a comprehensive plan to refinance its capital structure. Through these transactions, the company simplified and unified its financial reporting, extended its debt maturities, and improved liquidity. (Read More)

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