Foot Locker Inc. fell the most in nearly two years after it reported first-quarter sales and profit that missed analysts’ estimates.
The athletic-shoe retailer’s shares tumbled as much as 19% in New York trading, the most since August 2017. The stock is now at its lowest level in a year, erasing a series of gains over the past six months.
Same-stores sales, a key metric in retail, also missed estimates. . . . more