Why Analysts Project a Decline in Foot Locker’s 4Q17 Earnings
Foot Locker’s (FL) fiscal 4Q17 adjusted earnings per share (or EPS) are estimated to be $1.25, down ~9.0% on a YoY (year-over-year) basis. For fiscal 4Q17, Foot Locker expects its EPS to decline 15.0%–25.0% on a YoY basis. In fiscal 3Q17, Foot Locker (FL) reported adjusted EPS of $0.87, which beat the analysts’ estimate of $0.80, driven by the improved sale of premium products.