— Foot Locker Inc. (NYSE: FL) reported Q4 2019 earnings of $1.63 per share, vs. $1.58 expected.
— Sales fell 2.2% to $2.22 billion, vs. $2.24 billion expected.
— Comparable store sales decreased 1.6%.
— Merchandise inventories were $1.20 billion at quarter-end, down 4.8% year-over-year.
— During the quarter, the company opened 32 new stores, remodeled or relocated 66 stores and closed 63 stores.
— Cash and cash equivalents totaled $907 million at year-end.
— FL shares were down 1.7% in premarket hours on Friday.
The business world is still struggling to come out of the virus-induced slowdown, but it seems almost every retail segment benefited from the pandemic at some point. The vaccination drive
General Mills (GIS): Three factors that are expected to help drive growth for the food company going forward
Shares of General Mills Inc. (NYSE: GIS) were up 3.2% on Wednesday after the company delivered better-than-expected results for the first quarter of 2022. Net sales rose 4% year-over-year to
It is estimated that the alternative investments industry has expanded at a compound annual rate of 10.2% over the past ten years and had $11 trillion in assets under management