Foot Locker Slashes Its Outlook and Suspends Dividend. The Stock Sinks.

Foot Locker Slashes Its Outlook and Suspends Dividend. The Stock Sinks.



Foot Locker


stock plunged on Wednesday as investors kicked around a bevy of bad news. The shoe and sportswear retailer missed expectations for second-quarter sales, slashed its full-year outlook again, and paused its dividend.

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