Foot Locker's Comeback: A Success Story in the Making

Foot Locker's Q2 2024 earnings report brought a breath of fresh air to the sneaker company, as it marked the first time in six quarters that comparable sales grew, reaching 2. 6%. This positive trend surpassed analysts' expectations of a 0.7% uptick, and the gross margin expanded for the first time in over two years. Despite these promising results, Foot Locker's shares closed more than 10% lower.