Foot Locker results show the sneaker industry — and Nike — still have more pain ahead

1. Foot Locker anticipates continued discounts as Nike works through inventory. 2. Earnings beat estimates; however, revenue fell short of expectations. 3. For fiscal 2025, profits will likely be lower than Wall Street's predictions. 4. Foot Locker expects comparable sales growth of 1% to 2.5%. 5. Nike's discounting strategy is pressuring Foot Locker's business model.