Australia  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

China Tariffs Impact on Foot Locker Quarterly Earnings

Video Credit: The Street - Duration: 01:45s - Published < > Embed
China Tariffs Impact on Foot Locker Quarterly Earnings

China Tariffs Impact on Foot Locker Quarterly Earnings

Foot Locker shares fell to a one-year low Friday after the retailer reported weaker-than-expected first quarter earnings, and trimmed its full-year profit guidance, as the prospect of tariffs on China-made goods looms over the sports shoe and apparel industry.

Action Alerts PLUS' Jeff Marks zeros in on Real Money's Stock of the Day and what investors should keep their eye on.

"If you have tariffs effecting a lot of shoe companies, say like Nike , for example, they're either going to be forced to eat the costs or raise prices.

If they raise prices, I might be less inclined to shop at foot locker.

So that's one thing that you want to keep an eye on," Marks said.

Marks also adds, "There is this bifurcation going on right now in retail that if you're a retailer and you can mitigate the tariffs' impacts and you can keep customers in your stores, you're gonna win.

And that's target.

Whereas on the other hand, if tariffs are going to impact your business and you might be struggling to maintain those consistent comps, quarter over quarter, you're going to get hit.

And that's what you're seeing today." Related.

Foot Locker Strikes Out, but Wait, There's More Related.

Foot Locker Stock Slumps as First Quarter Earnings Fall Short Watch Jim Cramer's Daily NYSE Show and Replays Below

0
shares
ShareTweetSavePostSend
 

You Might Like


Recent related videos from verified sources

Is a Storm Coming for Intel? What to Watch When the Chipmaker Reports Earnings [Video]Is a Storm Coming for Intel? What to Watch When the Chipmaker Reports Earnings

Looking at chip makers? Cash in your chips on Intel now, one analyst says. Intel's data center outlook is likely worse than many currently think, Alliance Bernstein analyst Stacy Rasgon wrote in a..

Credit: The Street     Duration: 02:00Published

Jim Cramer Tackles Oil, Apple, Disney, and Tech Earnings [Video]Jim Cramer Tackles Oil, Apple, Disney, and Tech Earnings

Jim Cramer's breaking down his thoughts on oil, Apple's dueling analyst notes, Disney's The Lion King beat expectations during its opening weekend and we can't, of course, ignore the tech earnings..

Credit: The Street     Duration: 07:05Published

Microsoft's Foot Still on the Peddle [Video]Microsoft's Foot Still on the Peddle

Sure, Microsoft beat earnings expectations on the back of another strong quarter from the cloud. But check out the following three facts that should get any tech investor excited. Higher Price..

Credit: The Street     Duration: 00:54Published

Jim Cramer: When Netflix Can Be Friends With Investors Again [Video]Jim Cramer: When Netflix Can Be Friends With Investors Again

Why can't we be friends, why can't we be friends? Well, for Netflix investors, the answer may be up in the air. Netflix disappointed the Street when it reported earnings after the bell Wednesday. ..

Credit: The Street     Duration: 00:54Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.