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.

Earnings data Q4 2020

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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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Shares of Foot Locker fell by as much as 35% during trading on Wall Street on Friday as the company said it expects profits to take a hit thanks to Nike's new strategy of selling direct to consumers.

This is how Nike just sent Foot Locker stock plummeting

Foot Locker Inc.'s stock plunged 31.5% on Friday as the athletic retailer unveiled a merchandise plan that includes less Nike Inc. gear.

Foot Locker shares plunge as Nike continues shift away from wholesale to sell more of its own gear

Foot Locker, Inc. (FL) CEO Richard Johnson on Q4 2021 Results - Earnings Call Transcript

Foot Locker, Inc (NYSE:FL) stock is plummeting today, last seen down 26% to trade at $30.64, after the athletic apparel and shoe retailer's trip to the earnings confessional.

Options Traders Rush Foot Locker Stock After Earnings

Foot Locker Inc (NYSE: FL) reported market-beating results for the fiscal fourth quarter and raised its dividend on Friday. Shares still tanked close to 35% on downbeat future guidance.

Foot Locker stock down 35%: what's disappointing shareholders?

Shares of Foot Locker Inc plunged more than 25% on Friday, touching their lowest level in nearly 1-1/2 years, after the footwear retailer issued dour sales and profit forecasts for 2022 on expectations of selling fewer Nike products.

Foot Locker shares slump as Nike business dents 2022 forecasts

Foot Locker (FL) delivered earnings and revenue surprises of 16.78% and 1.15%, respectively, for the quarter ended January 2022. Do the numbers hold clues to what lies ahead for the stock?

Foot Locker (FL) Q4 Earnings and Revenues Surpass Estimates

Foot Locker shares are tumbling after the retailer forecast revenue to drop in 2022.

Foot Locker shares sink after retailer says 2022 sales will fall as it expects to sell fewer Nike products

Foot Locker Inc. shares FL, +3.86% slid 13% premarket Friday, after the athletic retailer offered weak guidance for 2022, offsetting a fourth-quarter earnings beat and news of a higher dividend. The company posted net income of $103 million, or $1.02 a share, for the quarter, down from $123 million, or $1.17 a share, in the year-earlier period.

Foot Locker shares slide 13% premarket as soft 2022 guidance offsets earnings beat

NEW YORK, Feb. 25, 2022 /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 29, 2022. "We closed out a record year by delivering solid fourth quarter results that reflect the ongoing momentum we have built in our business in the midst of an evolving market," said Richard Johnson, Chairman and Chief Executive Officer.

Foot Locker, Inc. Reports 2021 Fourth Quarter and Full Year Results; Provides 2022 Outlook and Long-Term Strategy Update

Foot Locker Inc (NYSE: FL) reported fourth-quarter FY21 sales growth of 6.9% year-on-year, to $2.34 billion, narrowly beating the consensus of $2.33 billion. Q4 comparable-store sales increased by 0.8%, with apparel significantly outpacing footwear.

Foot Locker's Stock Plummets On Grim FY22 Outlook, Vendor Mix

Sturdy growth in the digital realm and gains from strategic initiatives might have aided Foot Locker's (FL) sales in fourth-quarter fiscal 2021. However, supply-chain disruptions and high costs are woes.

Foot Locker (FL) to Report Q4 Earnings: Factors to Consider

Foot Locker (FL) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Should You Buy Foot Locker (FL) Ahead of Earnings?

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NEW YORK, Feb. 17, 2022 /PRNewswire/ -- Authentic Brands Group ("ABG"), a global brand development, marketing and entertainment company, today announces a new and enhanced partnership with Foot Locker, Inc. (NYSE: FL), the New York-based specialty athletic retailer, for the Reebok brand within the United States. Through this agreement, Foot Locker, Inc. and its brands will deepen their assortment with Reebok and will exclusively carry select Reebok footwear models for men, women and kids in its company owned stores and complementary e-commerce websites in the United States.

ABG Cements Reebok's Position with Foot Locker, Inc. Through New Partnership

Foot Locker, Inc. (NYSE:FL) has been struggling to gain traction on the charts for the better part of the year, shedding nearly 14% in the past 12 months.

Read This Before Buying Foot Locker Stock's Dip

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NEW YORK, Feb. 9, 2022 /PRNewswire/ -- Foot Locker, Inc. (NYSE: FL), the New York-based specialty athletic retailer, plans to report financial results for its fourth quarter ended January 29, 2022 before the U.S. markets open on Friday, February 25, 2022. A conference call is scheduled for the same day at 9:00 a.m.

FOOT LOCKER, INC. TO REPORT FOURTH QUARTER FINANCIAL RESULTS ON FRIDAY, FEBRUARY 25, 2022

NEW YORK, Feb. 3, 2022 /PRNewswire/ -- Foot Locker, Inc. (NYSE: FL), the New York-based specialty athletic retailer, announced that its Board of Directors has elected Virginia C. "Gina" Drosos as a director of the Board, effective February 2, 2022.

FOOT LOCKER, INC. ELECTS VIRGINIA C.

Athletic footwear and apparel retailer Foot Locker (NYSE: FL) stock has fallen despite blowout earnings and raised guidance.

Foot Locker is Ready to Leap Ahead

Foot Locker (FL) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why the Earnings Surprise Streak Could Continue for Foot Locker (FL)

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Here's Why Foot Locker (FL) is a Strong Momentum Stock

NEW YORK, Jan. 31, 2022 /PRNewswire/ -- Foot Locker, Inc. (NYSE: FL) ("Foot Locker" or the "Company"), the New York-based specialty athletic retailer, today announced it has appointed Robert Higginbotham as Vice President, Investor Relations, effective today. Mr. Higginbotham will be responsible for leading Foot Locker's investor relations function including engagement with the Company's shareholders, investors, and analyst community.

FOOT LOCKER, INC. APPOINTS ROBERT HIGGINBOTHAM AS VICE PRESIDENT, INVESTOR RELATIONS

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