Foot Locker beats by $0.01, misses on revenueFoot Locker (NYSE:FL): Q4 EPS of $1.26 beats by $0.01.
Revenue of $2.21B (+4.7% Y/Y) misses by $10M.
Susquehanna urges Buy on Foot Locker's sales weaknessFoot Locker (NYSE:FL) is 12.1% lower out of the open after continuing softness in comparable-store sales spurred a miss in its Q4 revenues.
Susquehanna is sticking up for the stock despite being surprised by the sales drop, urging a Buy on the weakness.
Analyst Sam Poser is drawing confidence from results at Foot Locker U.S., Kid's Foot Locker, Champs, Runners and SideStep; most of the sales weakness came from the firm's international banners, Footaction and SIX02, he says. (h/t Bloomberg)
Inventory looks to be in good shape even if the mix isn't yet aligned, he says. His $70 price target implies 74% upside from today's lower price.
