Foot Locker Sees Uncertainty Ahead. Here’s Why the Stock Is Rising.

Foot Locker stock spiked Wednesday, after management quashed concerns about weak guidance during a conference call to discuss the sneaker retailer’s fourth-quarter sales miss.

While adjusted earnings of 86 cents a share in the fourth quarter topped analysts’ calls for 72 cents, total sales of $2.24 billion missed expectations of $2.32 billion, according to FactSet.