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Foot Locker logo seen on a store in Milan, Italy (Jakub Porzycki/Getty Images)

Foot Locker shares sprint higher after the sneaker retailer dropped mixed Q4 results

Foot Locker’s bottom line was good, but its outlook was not.

3/5/25 11:05AM

Shares of Foot Locker leapt over 8% after the footwear retailer posted its Q4 earnings results. 

The good news: adjusted earnings per share hit $0.86, coming in well ahead of the $0.72 forecast from Wall Street. But the footwear giant missed on sales, reporting $2.24 billion, below the expected $2.32 billion. After a 2.6% rise in comparable sales, Foot Locker is bracing for a tough year ahead. Deep discounts, particularly from Nike (its biggest brand partner), are expected to weigh on profits in fiscal 2025. Meanwhile, rival Adidas expects an operating profit of $60 million in Q4, surprising analysts who were forecasting a loss.

Looking ahead, Foot Locker expects full-year adjusted EPS to be between $1.35 and $1.65, well below Wall Street’s $1.77 forecast. However, comparable sales could rise 1% to 2.5%, beating analysts’ expectations. Even as a sneaker slowdown looms, CEO Mary Dillon pointed to the company’s “Lace Up Plan” as a bright spot. The strategy, which focuses on revamping stores and shuttering underperforming locations, has helped improve margins and cash flow, according to the chief executive.

Foot Locker’s shares are down over 45% over the past year.

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Rocket lab soars to new record close amid rally for retail faves

Rocket Lab ripped by roughly 10% Friday to close at a new all-time high, riding an upturn of retail enthusiasm for a coterie of tech-themed favorites, even as the broader market was more or less flat on the day.

Goldman Sachs’ basket of “retail favorites” — its heaviest weights are Reddit, AppLovin, and Tempus AI — was the second-biggest gainer among the company’s flagship US equity baskets on Friday, rising about 1.6%. The S&P was almost dead flat.

It’s not Rocket Lab’s first retail rodeo, as the money-losing company has more than doubled this year and is up nearly 700% over the last 12 months.

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Six Flags pops after reiterating its guidance as theme park attendance rebounds

Six Flags shares rose more than 7% today after the company reported a rebound in attendance and early season pass sales heading into the fall. The nine-week period ended August 31 saw 17.8 million guests, up about 2% from the same stretch last year, with stronger momentum in the final four weeks. 

More importantly, Six Flags reaffirmed its full-year adjusted EBITDA guidance of $860 million to $910 million, showing confidence that its cost and operations strategy can stay strong for the duration of the year. Riding that wave, Six Flags also said early 2026 season pass unit sales are pacing ahead of last year, and average season pass prices are up about 3%.

The good vibes come despite a drop in in-park per-capita spending, especially from admissions, where promotions and changes to attendance mix (which parks or days guests visit) have weighed. Earlier this week, the amusement giant signed a new agreement that extended its position as the exclusive amusement park partner for Peanuts™ in North America through 2030.

Despite the rally, Six Flags shares are down about 52% year to date.

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Rivian turns red on the year, squeezed by a recall and the looming end of the EV tax credit

Shares of EV maker Rivian are down more than 5% on Friday following the company’s recall of 24,214 vehicles due to a software issue. The stock move erases Rivian’s year-to-date gain and turns the company negative on the year.

Rivian’s 2025 model year R1S and R1T are affected by the defect, which was identified after a vehicle’s hands-free highway assist software failed to identify another vehicle on the road, causing a low-speed collision. Rivian said it’s released an over-the-air update to fix the issue.

The recall marks Rivian’s fifth this year, affecting nearly 70,000 of its vehicles.

Rivian’s shares are down more than 20% from their 2025 high, which came prior to the passage of President Trump’sbig, beautiful bill.” Through the legislation, the $7,500 EV tax credit is set to expire at the end of the month.

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