Foot Locker Earnings Were Out of This World. Its Stock Is Soaring.

Foot Locker Earnings Were Out of This World. Its Stock Is Soaring.

“These results reflect FL’s position at the intersection of consumer secular interest in health, the strength of this branded offering (notably Nike and Brand Jordan), and its customers’ increased purchasing ability due to higher wages and numerous economic policies,” writes Quo Vadis Capital’s John Zolidis. “We believe the effects of this heady cocktail will continue and the market is underestimating the company’s resulting changed earnings profile.”

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