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Foot Locker's Financials Could Take Big Hit If NBA Season Canceled

Foot Locker's business "could suffer" if the NBA season is canceled in full. UBS Securities analyst Michael Binetti said that a canceled season "could mean a hit" of about $0.27 to expected earnings of $1.71 a share next year. The chain reports Q3 numbers today, and is expected to report earnings of $0.39 a share, "up 18% year on year." Sales at stores open a year or more are expected to rise 5-6% from the year-ago period. Future quarters are "where any NBA pain is more likely to show up" (WALL STREET JOURNAL, 11/17).

SBJ Morning Buzzcast: May 3, 2024

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Learfield's Cory Moss, MASN/ESPN's Ben McDonald, and Canelo

On this week’s pod, SBJ’s Austin Karp has two Big Get interviews. The first is with Learfield's Cory Moss as he talks about his company’s collaboration on EA Sports College Football. Later in the show, we hear from MASN/ESPN baseball analyst Ben McDonald on how he sees the college and professional baseball scene shaking out. SBJ’s Adam Stern shares his thoughts on the upcoming Canelo-Mungia bout on Prime Video and DAZN.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

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