Big Foot’s profitability target of an 8.5% to 9% EBIT margin set last spring has now been pushed back for two additional years to 2028, following a worse-than-expected performance last year that undermined CEO Mary Dillon’s turnaround plan. Guidance for the coming year was for flat sales between -1.0% and +1.0%, missing the 53rd week, including a +1.0% to +3.0% comp, but 2024 is off to a soft start, and FL is counting on a rebound as the year progresses to hit those targets. The refreshed partnership with Nike will help ... Log in to view full article.