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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FL Q2 revenues beat estimates. Comparable sales increase 2.6% year over year, driven by 5.2% comps growth in global Foot Locker and Kids Foot Locker sales.

Foot Locker Q2 Loss Narrower Than Expected, Margin View Down

Although the revenue and EPS for Foot Locker (FL) give a sense of how its business performed in the quarter ended July 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, Foot Locker (FL) Q2 Earnings: A Look at Key Metrics

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Foot Locker (FL) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to earnings of $0.04 per share a year ago.

Foot Locker (FL) Reports Q2 Loss, Tops Revenue Estimates

Foot Locker reports a second-quarter adjusted loss of 5 cents a share, narrower than estimates that called for a loss of 7 cents.

Foot Locker Posts Narrower-Than-Expected Loss but Stock Falls on Store Closures

Shares of Foot Locker Inc. FL sank 8% in premarket trading Wednesday after the athletic shoe and apparel retailer reported fiscal second-quarter results that topped expectations but kept its full-year outlook unchanged and announced store closures in Asia and Europe. Net losses for the quarter to Aug. 3 widened to $12 million, or 13 cents a share, from $5 million, or 5 cents a share, in the same period a year ago. Excluding nonrecurring items, per-share losses of 5 cents beat the FactSet loss consensus of 7 cents. Total revenue grew 1.9% to $1.896 billion, just above the FactSet consensus of $1.888 billion. Comparable...

Foot Locker's stock drops after earnings top expectations but full-year outlook was left unchanged

Foot Locker beat Wall Street's estimates on the top and bottom lines as it posted comparable sales growth for the first time in six quarters. The sneaker company also saw its gross margin expand for the first time in more than two years.

Foot Locker posts comparable sales growth for the first time in six quarters

Returned to Topline Growth with Total Sales Up 1.9% and Comparable Sales Up 2.6% Achieved Gross Margin Expansion of 50 Basis Points Year-over-Year Loss of $0.13 per Share and Non-GAAP Loss of $0.05 per Share Inventory Decreased 10.0% Year-over-Year Reaffirms Full-Year 2024 Non-GAAP EPS Outlook Further Streamlining International Operations and Optimizing Corporate Office Footprint NEW YORK , Aug. 28, 2024 /PRNewswire/ -- Foot Locker, Inc. (NYSE: FL), the New York-based specialty athletic retailer, today reported financial results for its second quarter ended August 3, 2024. Mary Dillon, President and Chief Executive Officer, said, "The Lace Up Plan is working, as evidenced by our return to positive total and comparable sales growth as well as gross margin expansion in the second quarter.

FOOT LOCKER, INC. REPORTS SECOND QUARTER 2024 FINANCIAL RESULTS; REAFFIRMS 2024 OUTLOOK; ANNOUNCES STRATEGIC UPDATES IN SUPPORT OF LACE UP PLAN

Foot Locker Inc.'s second-largest shareholder has trimmed its stake by more than 9%, just days before the athletic shoe and apparel retailer is set to report second-fiscal-quarter results.

Foot Locker's second-largest shareholder has been selling stock ahead of earnings

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Goldman Sachs analyst Kate McShane provided an update on digital trends at Foot Locker, Inc. FL and new card-scanning rules at Costco Wholesale Corporation COST.

Goldman Sachs Highlights Foot Locker's Digital Rebound And Costco's New Membership Crackdown

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.

Will Foot Locker (FL) Beat Estimates Again in Its Next Earnings Report?

Besides Wall Street's top -and-bottom-line estimates for Foot Locker (FL), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended July 2024.

Unveiling Foot Locker (FL) Q2 Outlook: Wall Street Estimates for Key Metrics

Foot Locker (FL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Foot Locker (FL) Q2 Earnings Expected to Decline

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NEW YORK , July 31, 2024 /PRNewswire/ -- Foot Locker, Inc. (NYSE: FL), the New York-based specialty athletic retailer, plans to report financial results for its second quarter ended August 3, 2024, before the U.S. markets open on Wednesday, August 28, 2024. A conference call is scheduled for the same day at 9:00 a.m.

FOOT LOCKER, INC. TO REPORT SECOND QUARTER FINANCIAL RESULTS ON WEDNESDAY, AUGUST 28

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Foot Locker Inc. NYSE: FL is a footwear and apparel retailer operating under its flagship Foot Locker, Kids Foot Locker, Champs Sports, WSS, and Atmos brands. The company operates over 2,600 stores worldwide across North America, Asia, Europe, Australia and New Zealand.

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Why Foot Locker (FL) is a Top Value Stock for the Long-Term

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

New loyalty program transforms customer experience with enhanced convenience and exclusive benefits; newly redesigned mobile app to follow NEW YORK, June 25, 2024 /PRNewswire/ -- Foot Locker, Inc. (NYSE: FL) has unveiled an enhanced FLX Rewards program and announced forthcoming upgrades to its mobile app, marking significant milestones under its Lace Up Plan – the Company's strategy designed to drive sustainable and profitable growth. Informed by extensive consumer insights, the revamped FLX Rewards program introduces FLX Cash, enabling customers to use points towards a discount on purchases.

FOOT LOCKER REIMAGINES SNEAKER SHOPPING EXPERIENCE WITH FLX REWARDS PROGRAM RELAUNCH

We've seen talk of a turnaround at Foot Locker before. Before the pandemic, the retailer was going full-throttle to capitalize on its appeal with a young, urban “sneakerhead” audience, its turnaround strategy predicated on moving off-mall into Power Stores—standalone locations with event spaces and other enhanced, lifestyle-focused offerings for sneaker fanatics, not unlike Nike's experience-heavy House of Innovation flagship stores.

Foot Locker Still Has Hurdles To Clear As Collectors Get Cash Strapped

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