Better than feared financials are fueling Foot Locker’s stock surge. But we’ll take it

Shoppers leave the American multinational sportswear and footwear retailer, Foot Locker store in Spain. 

Xavi Lopez | Lightrocket | Getty Images

Foot Locker (FL) reported quarterly results that can only be described as better than feared: Nearly all of the important metrics came in weaker than a year ago, but they weren’t as terrible as expectations on Wall Street. The stock rose more than 15% on those surprise beats.