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 Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Nike said it was going to invest more in the wholesale channel. Foot Locker is a key partner for Nike, and about 65% of Foot Locker's product comes from Nike.

Why Foot Locker Stock Was Soaring This Week

Sometimes, you just can't keep a good stock down. Foot Locker, Inc. NYSE: FL, whose investors often feel like they're on a non-stop rollercoaster, is once again starting to rally.

Foot Locker Builds Up Another Head of Steam; Gains Imminent

Chewy

When the economy enters a new cycle, investors must rotate their portfolios accordingly or else live with leaving money on the table. Mid-capitalization stocks outperform all others during an expansionary cycle, such as the one the U.S. is about to witness, so they might rally before the next quarter.

Mid-Cap Stocks to Outperform the Market This Cycle

NEW YORK , March 27, 2024 /PRNewswire/ -- Foot Locker, Inc. (NYSE: FL), the New York-based specialty athletic retailer, today announced that Mary Dillon, President and Chief Executive Officer, and Mike Baughn, Executive Vice President and Chief Financial Officer, will present at the J.P. Morgan 10th Annual Retail Round Up Conference on Wednesday, April 3rd at 10:00 a.m.

FOOT LOCKER, INC. TO PRESENT AT THE J.P.

Stitch Fix

Standard Motor Products

The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies.

Top 3 Consumer Stocks That Could Lead To Your Biggest Gains This Quarter - Stitch Fix (NASDAQ:SFIX), Foot Locker (NYSE:FL)

NEW YORK--(BUSINESS WIRE)--WITHIN, the world's only Performance Branding firm, announced today that it has taken on the role as the North American media agency of record for Foot Locker, Inc., a leading omni-channel footwear and apparel retailer that unlocks the “inner sneakerhead" in all of us. This exciting partnership follows the earlier unveiling of Foot Locker's groundbreaking “Lace Up” plan, announced in March 2023 to strategically invigorate growth across the diverse portfolio of brands.

Performance Branding firm WITHIN Named as Media Agency of Record for Foot Locker, Inc. North America

Carlisle brings over 24 years of leadership experience to her role at Foot Locker, Inc. NEW YORK , March 13, 2024 /PRNewswire/ -- Foot Locker, Inc. (NYSE: FL) today announced that Cindy Carlisle has assumed the role of Executive Vice President and Chief Human Resources Officer. "We are thrilled to welcome Cindy to our executive leadership team," said Mary Dillon, President and CEO, Foot Locker, Inc. "I am confident that Cindy's deep expertise in HR, culture, engagement, and business strategy will be an incredible asset to our team members as we execute our Lace Up Plan and embark on our next 50 years of growth.

FOOT LOCKER, INC. NAMES CINDY CARLISLE CHIEF HUMAN RESOURCES OFFICER

Foot Locker says its growth rebound will take longer than expected. Watch for a return to modest sales growth in 2024.

Why Foot Locker Stock Slumped This Week

Foot Locker (FL) posts higher sales in fourth-quarter fiscal 2023. However, earnings decline from the year-ago quarter's figure.

Foot Locker's (FL) Q4 Earnings Top Estimates, Sales Increase

Foot Locker Inc. (NYSE: FL) is in trouble. What is less obvious is whether it can escape what appears to be a grim future. Its stock fell 30% after it announced weak quarterly financials. An industry move to shoe sales online and more direct brick-and-mortar competition means the trouble will not end.

Foot Locker Is in Trouble

Foot Locker announced technically stronger-than-expected results for its holiday quarter. But the company also pushed back a key margin milestone by two years, noting it's not yet ready to resume dividend payments or share repurchases.

Why Foot Locker Stock Plunged Today

Foot Locker (NYSE: FL ) stock is down 30% on Wednesday after the sneaker retailer posted notably weak financial results for its fiscal fourth quarter. Indeed, Foot Locker reported worse-than-expected earnings and issued bleak guidance for 2024 as it attempts to catch up to its financial goals.

FL Stock Alert: Why Foot Locker Is Plummeting 30% Today

Foot Locker Inc. (NYSE:FL ) Q4 2023 Results Conference Call March 6, 2024 9:00 AM ET Company Participants Robert Higginbotham - SVP, FP&A, IR, and Treasurer Mary Dillon - President, CEO Frank Bracken - EVP, CCO Mike Baughn - EVP, CFO Conference Call Participants Bob Drbul - Guggenheim Michael Binetti - Evercore ISI Cristina Fernandez - TAG Janine Stichter - BTIG Alex Straton - Morgan Stanley Jonathan Komp - Baird Abbie Zvejnieks - Piper Sandler Operator Good morning, and welcome to Foot Locker's Fourth Quarter 2023 Financial Results Conference Call. At this time, all participants are in a listen-only mode.

Foot Locker Inc. (FL) Q4 2023 Earnings Call Transcript

According to internet rumors, Foot Locker stock may make an attractive target for activists. It's a recognizable, multibillion-dollar, profitable brand, and the stock is certainly cheap.

Here's Why Foot Locker Stock Went Up 22% Last Month

Shares of Foot Locker slumped about 27% on Wednesday after the retailer projected 2024 profit below Wall Street expectations, hurt by a planned ramp-up in investments across its business to boost demand.

Foot Locker shares plummet as planned investments weigh on profit outlook

While the top- and bottom-line numbers for Foot Locker (FL) give a sense of how the business performed in the quarter ended January 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Foot Locker (FL) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Foot Locker (FL) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.97 per share a year ago.

Foot Locker (FL) Tops Q4 Earnings and Revenue Estimates

Athletic-footwear retailer Foot Locker posted a strong fourth quarter, but said its plan for sustainable growth was now delayed two years.

Foot Locker Stock Is Tumbling. Don't Blame Earnings.

Foot Locker Inc is down about 8.0% in premarket on Wednesday after posting an upbeat Q4 earnings report. This is a developing story.

Foot Locker Q4 earnings beat estimates: stock is still losing

Foot Locker reported earnings as CEO Mary Dillon leads the legacy retailer through an ambitious turnaround. But some analysts say it has gone too slowly.

Foot Locker shares fall after heavy promotions lead to holiday-quarter losses

Total Sales Increased 2.0%; Comparable Sales Decreased 0.7% Foot Locker and Kids Foot Locker North America Comparable Sales Increased +5.2% EPS Loss of $4.13 and Non-GAAP EPS Income of $0.38 Inventory Decreased 8.2% Year-over-Year Anticipates Return to Positive Comparable Sales Growth and EBIT Margin Expansion in 2024 2024 Non-GAAP EPS Guidance of $1.50-$1.70 including a Non-Recurring Charge of $0.10 Provides Update on Timing to Achieve Lace Up Plan Financial Targets NEW YORK , March 6, 2024 /PRNewswire/ -- Foot Locker, Inc. (NYSE: FL), the New York-based specialty athletic retailer, today reported financial results for its fourth quarter ended February 3, 2024. Mary Dillon, President and Chief Executive Officer, said, "We are pleased to report fourth quarter results ahead of our expectations, including meaningfully accelerated sales trends relative to the third quarter, earnings per share that exceeded our guidance range, and improvements across multiple KPIs.

FOOT LOCKER, INC. REPORTS FOURTH QUARTER 2023 RESULTS; ISSUES 2024 OUTLOOK

Foot Locker Inc (NYSE:FL) will report earnings before the open tomorrow, Mar. 6.

Checking in on Foot Locker Stock Before Earnings

The market has now gone through a complete cycle in record time. From 2020 to today, it seems that interest rates and the underlying business cycle have gone from one end of the spectrum to the other without causing any of the turmoil that typically comes with such a swing.

Foot Locker Stock Is the Retail Value Play Growing at 46%

Abercrombie & Fitch

Gap Inc

Simon Property Group

Victoria's Secret & Co

When it comes to real estate investments, retail properties have stood as a solid opportunity for investors seeking stable income. Among these investment vehicles are real estate investment trusts (REITs), specializing in the ownership and management of retail spaces such as shopping centers, malls, and strip malls.

Retail renaissance: The shopping center REIT beating the odds

Evaluate the expected performance of Foot Locker (FL) for the quarter ended January 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

News for Foot Locker Stock (FL)