With Foot Locker Inc. announcing preliminary first-quarter results on May 15, the official tally on earnings Thursday was no surprise.
The sneaker retailer said at the time that it inked a deal to be acquired by Dick’s Sporting Goods for $2.4 billion, or $24 a share. The deal is expected to close later this year, and some on Wall Street concluded the combined entity will be good for its vendor base . Dick’s reported first quarter results on Wednesday, and its CEO Lauren Hobart said Nike is among the vendors that that “continues to perform really, really well for us.”
“We are continuing to execute our Lace Up Plan strategies as we look forward to the successful completion of our transaction with DICK’S Sporting Goods,” Foot Locker ’s CEO Mary Dillon said in a statement. She