Foot Locker

Foot Locker, Inc. engages in the retail of athletic shoes and apparel. The firm uses its omni-channel capabilities to bridge the digital world and physical stores, including order-in-store, buy online and pickup-in-store, and buy online and ship-from-store, as well as e-commerce. It operates through following segments: North America, EMEA (Europe, Middle East, and Africa, and Asia Pacific. The North America segment includes the following banners operating in the U.S. and Canada: Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, and Footaction. The EMEA segment includes the following banners operating in Europe: Foot Locker, Runners Point, Sidestep, and Kids Foot Locker. The Asia Pacific segment includes Foot Locker and Kids Foot Locker operating in Australia, New Zealand, and Asia. The company was founded on April 7, 1989 and is headquartered in New York, NY.

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Foot Locker faces sales decline and inventory challenges in Q1 2023

Foot Locker's Q1 2023 performance was impacted by sales declines, inventory challenges, and softening consumer demand. However, the company is making progress in strategic initiatives and sees opportunities in vendor mix expansion and leveraging investments for future growth.

Foot Locker faces sales challenges but strengthens partnerships for growth

Sales were softer than expected, leading to an update in guidance. Challenges with store traffic and conversion led to increased promotions. Foot Locker continues to strengthen partnerships and make progress in the Lace Up plan. Margin pressure and customer sensitivity to promotions impacted sales.

Foot Locker reports Q3 earnings ahead of expectations, focuses on digital growth and strategic partnerships

Foot Locker's Q3 performance saw a decline in comps but exceeded earnings per share expectations. The company is navigating challenges with disciplined expense management and a narrowed bottom-line guidance. Despite macro and customer risks, Foot Locker is leveraging strategic initiatives and exclusive partnerships to drive growth and improve its digital presence.

Foot Locker surpasses Q4 expectations, eyes significant growth by 2026

Foot Locker's Q4 performance exceeded expectations, driven by strong sales in North America and EMEA, but faced margin challenges.
Strategic initiatives focus on leveraging sneaker culture, targeting specific consumer segments, and enhancing digital capabilities for growth and engagement.
Despite anticipated challenges in 2023, Foot Locker aims for significant revenue growth by 2026 through technology investments, brand positioning, and margin expansion strategies.
Opportunities lie in expanding banners, enhancing digital experiences, broadening appeal, and driving total shareholder return through sales growth and buybacks.

Foot Locker adjusts guidance as sales decline, eyes growth

Foot Locker faces challenges from softening sales trends and inventory management issues.
Despite these challenges, the company is leveraging strategic initiatives to drive growth.
Opportunities lie in expanding off-mall presence, vendor mix diversification, and leveraging investments.
Overall, Foot Locker remains confident in the Lace Up plan for long-term growth.

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It's tough to figure out whether Foot Locker's latest results make it a flat track winner, or a middle distance plodder. Closing mall stores and moving to licence for much of Asia, project Lace Up is set to change the retailer's future direction.

For Lace Up Read Buckle Up, As Foot Locker Rethinks Malls And Asia

Foot Locker's (FL) robust strategic efforts and the digital business boost results. Also, management focuses on enhancing the company's presence internationally.

Foot Locker (FL) Rallies More Than 28% in 6 Months: Here's Why

Foot Locker Inc (NYSE:FL) stock is 1.2% lower ahead to trade at $39.46 this morning, after UBS downgraded the retailer to "sell," noting that the company will struggle in the event of a recession.

Analyst: Foot Locker Stock Will Struggle During a Recession

Two major retail chains are closing roughly 800 stores. One company's spaces likely will be filled, while the other's may become empty, and unsightly, zombie stores.

Foot Locker is closing 400 stores. They may become an eyesore

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Foot Locker, Inc. (NYSE:FL ) Investor Day Event and Q4 2022 Earnings Conference Call March 20, 2023 8:00 AM ET Company Participants Robert Higginbotham - Interim CFO and SVP, IR, Financial Planning & Analysis Mary Dillon - CEO, President & Director Franklin Bracken - EVP & Chief Commercial Officer Peter Scaturro - SVP, Strategic Planning and Growth Elliott Rodgers - Incoming Chief Operations Officer Anthony Aversa - SVP, Store Development Chris Santaella - Chief Merchandising Officer Conference Call Participants Katharine McShane - Goldman Sachs Group John Kernan - TD Cowen Lorraine Hutchinson - Bank of America Merrill Lynch Janine Stichter - BTIG Tom Nikic - Wedbush Securities Corey Tarlowe - Jefferies Samuel Poser - Williams Trading Adrienne Yih-Tennant - Barclays Bank Jay Sole - UBS Cristina Fernández - Telsey Advisory Group Robert Drbul - Guggenheim Securities Warren Cheng - Evercore ISI Jonathan Komp - Robert W. Baird & Co. Paul Lejuez - Citigroup Omar Saad - Evercore ISI Alexandra Straton - Morgan Stanley Gabriella Carbone - Deutsche Bank Robert Higginbotham Welcome to Foot Locker, Inc.'s 2023 Investor Day, Lacing Up For The Future.

Foot Locker, Inc. (FL) Investor Day Event and Q4 2022 Earnings Call Transcript

Despite Foot Locker's announcement, Nike CEO John Donahoe touted the success of Nike's direct-to-consumer (DTC) approach.

Nike CEO highlights direct-to-consumer strategy the day after the company's big Foot Locker announcement

Foot Locker's (FL) fourth-quarter fiscal 2022 results reflect comparable sales increasing 4.2% driven by traffic and access to high-quality inventory.

Foot Locker (FL) Q4 Earnings & Revenues Surpass Estimates

Athletic-gear retail chain Foot Locker Inc. on Monday said it had “revitalized” its decades-long relationship with Nike Inc. to focus on basketball and sneaker culture and cultivating the “next generation of sneaker enthusiast” — moves that executives said could start to pay off later this year.

Foot Locker says it has ‘revitalized' its relationship with Nike to focus on ‘sneaker culture'

Foot Locker is planning to shut 400 stores by 2026 as it strives to become more relevant to younger shoppers by relaunching its retail brands, introducing "experiential" new store concepts and simplifying its operations by closing underperforming mall-based stores.

Foot Locker is closing 400 stores by 2026

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Markets were generally higher on Monday. Foot Locker shares fell as the athletic goods retailer predicted a tough 2023 ahead.

These Monday Stock Movers Kept Wall Street on Its Toes

Foot Locker also plans to open more than 300 new format stores, including freestanding stores and stores for sneakerheads.

Foot Locker to close 400 mall stores as it shifts focus to niche shops for sneakerheads, kids, and higher-income shoppers

The shoe retailer is closing stores and boosting pay as new CEO Mary Dillon aims to jump-start growth.

Foot Locker Expects Sales, Profit to Fall in Coming Year

Foot Locker beat earnings this morning, but both sales and earnings still declined. Management predicted continued declines into 2023 and perhaps 2024, and investors are not pleased.

Why Foot Locker Shares Got Tripped Up Today

Foot Locker, Inc. (NYSE:FL) shares are on the back foot after the athletic retailer revealed a weaker-than-expected outlook for fiscal 2023, despite posting fourth-quarter earnings that topped expectations.   The New York-based athletic retailer achieved fourth-quarter revenue of $2.334 billion, down 0.3% year-over-year from $2.341 billion, but ahead of the consensus expectation per FactSet of $2.146 billion.

Foot Locker sends investors running with weaker-than-expected fiscal 2023 outlook

Foot Locker gave weak 2023 guidance while unveiling a new growth strategy Monday after crushing earnings expectations for its fiscal fourth quarter.

FL Stock Flirts With Buy Point After Foot Locker Earnings Beat

Foot Locker, Inc (NYSE:FL) topped Wall Street's expectations for its fourth-quarter results, after increased customer traffic and improved inventory drove top- and bottom-line wins.

Options Traders Target Foot Locker Stock After Earnings

Foot Locker (NYSE: FL) has been muscling through the pain of inflation, supply chain hiccups, and an uncertain economic environment to come out ahead. The company has been working to reposition itself for the times, and those efforts are clearly paying off.

Foot Locker: Slow And Steady Wins The Race

Foot Locker touted a 'renewed' relationship with Nike after the sneaker maker moved away from wholesalers for its direct to consumer channels.

Foot Locker touts 'renewed' Nike relationship as it reports slide in holiday-quarter profit

The company reported 97 cents in earnings for the fourth fiscal quarter, much higher than the 51 cents analysts were expecting.

Foot Locker Stock Sways on Mixed Outlook Ahead of Brand Revamp

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Foot Locker Inc. stock FL, -1.03% fell 3.5% in premarket trade Monday, after the sporting goods retailer's weaker-than-expected guidance for fiscal 2023 offset a stronger-than-expected fourth quarter. The New York-based company posted net income of $19 million, or 20 cents a share, for the fiscal quarter to Jan. 28, down from $103 million, or $1.02 a share, in the year-earlier period.

Foot Locker stock slides premarket as weak guidance offsets Q4 beat

Total sales decreased by 0.3%; Comparable-store sales increased 4.2% Fourth quarter EPS of $0.20 and Non-GAAP EPS of $0.97 Launching new "Lace Up" strategy with updated financial targets Reset year in 2023 expected to result in Non-GAAP EPS of $3.35-$3.65 Beyond 2023, new strategies to drive low- to mid-twenties adjusted EPS growth NEW YORK , March 20, 2023 /PRNewswire/ -- Foot Locker, Inc. (NYSE: FL), the New York-based specialty athletic retailer, today reported financial results for its fourth quarter and fiscal year ended January 28, 2023. The Company will host an Investor Day starting at 8:30 a.m.

FOOT LOCKER, INC. REPORTS FOURTH QUARTER 2022 RESULTS; COMPANY TO OUTLINE NEW LONG-TERM GROWTH STRATEGY AT INVESTOR DAY

A tough macroeconomic backdrop including inflationary pressures might have weighed on Foot Locker's (FL) performance during the fourth quarter of fiscal 2022.

News for Foot Locker Stock (FL)