Foot Locker’s 28% plunge, guidance cut may signal trouble ahead for other retailers

stock plummeted nearly 28% Friday after a worse-than-expected consumer slowdown led to a double-digit sales drop, prompting the company to slash its outlook just two months after introducing it.

Earnings per share: 70 cents adjusted vs. 81 cents expected

Revenue: $1.93 billion vs. $1.99 billion expected