Footlocker: Negative Consumer Demand Signal Persists
Summary:
Eagle Alpha’s Search Signal for Foot Locker has shown weakness throughout 2018. Weakness in the signal has persisted into the October quarter. The 1 month and 3 MMA signals have continued on a downtrend.
Eagle Alpha Insight:
The persistent weakness seen in the signal for Foot Locker implies that sales metrics are at risk. The signal has moved earlier than sales in the past, so the current trend may get reflected in company guidance.
Foot Locker is a retailer of athletically inspired shoes and apparel. The company's reportable segments are: North America and International. The company's North America operating segment includes the following banners operating in the U.S. and Canada: Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, and SIX:02, including each of their related e-commerce businesses, as well as its Eastbay business that includes internet, catalog, and team sales. The company's International operating segment includes the following banners operating in Europe, Asia, Australia, and New Zealand: Foot Locker, Runners Point, Sidestep, and Kids Foot Locker, including each of their related e-commerce businesses.
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