Jim Cramer Discusses Foot Locker Inc (FL) In The Context Of Government Data

We recently published 9 Stocks Jim Cramer Recently Talked About As He Said I’m A Quantum Computing “Believer”. Foot Locker Inc (NYSE:FL) is one of the stocks Jim Cramer recently discussed.

Foot Locker Inc (NYSE:FL)’s stock has gained 18% year-to-date, primarily on the back of an 85% jump in May that reshaped the narrative surrounding the firm. The reason its shares rose was DICK’S Sporting Goods announcing that it would buy the company. Cramer’s previous comments about Foot Locker Inc (NYSE:FL) have speculated that DICK’S was interested in the firm because of its ability to procure Nike shoes. This time, he commented on the firm in the context of government data about prices:

“They’ve been going to Foot Locker and they had everything and they just were slashing prices as they coordinate with DICK’S. Again, I mean like, go to Old Navy, I just don’t know how to tell people that they should save money, but you can save money.”

Previously, Cramer commented on Foot Locker Inc (NYSE:FL)’s earnings report:

“Foot Locker reported a terrific quarter, much better than expected, as CEO Mary Dillon’s turnaround plan takes hold, aided by Nike’s attempts to repair its relationship with actual shoe stores. Nobody cared too much under the previous CEO. Nike didn’t really care for Foot Locker; they wanted more of an emphasis on direct-to-consumer. It was stupid, and that didn’t work out. But Elliott Hill, the new CEO, is working very closely with Foot Locker. It’s a new Foot Locker. But people were way too gloomy to even notice the same-store sales improvement this morning. That doesn’t make sense. I think it’s a genuine winner. I can go on, and yes, despite all these positives, the stock only gained 89 cents because things are being valued incorrectly.”

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Disclosure: None. This article is originally published at Insider Monkey.