Foot Locker stock spiked Wednesday, after management quashed concerns about weak guidance during a conference call to discuss the sneaker retailer’s fourth-quarter sales miss. While adjusted earnings of 86 cents a share in the fourth quarter topped analysts’ calls for 72 cents,

Shares of shoe retailer Foot Locker (NYSE: FL) soared on Wednesday after the company reported financial results for its fiscal fourth quarter of 2024, ended Feb. 1, 2025. As of 10:15 a.m. ET, Foot Locker stock was up about 9% but it had been up as much as 15% earlier in the day.

Foot Locker is expecting profits to be under pressure in fiscal 2025, indicating steep discounts are still present across the industry, especially at Nike.

Foot Locker sees a bumpy road ahead for the rest of the year as it contends with cautious consumers and turnaround efforts at Nike.

Foot Locker Inc., the struggling sneaker chain, faces limited direct exposure to new US-imposed tariffs, with executives calling their impact small to moderate.