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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Foot Locker (FL) posts dismal results in second-quarter fiscal 2023 on persistent consumer softness, increased promotional landscape and occupancy deleverage.

Foot Locker's (FL) Shares Decline on Q2 Earnings Miss

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Retail stocks including Dick's Sporting Goods and Foot Locker took hard hits this week on turns in consumer spending and analyst sentiment.

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Foot Locker and Peloton reported earnings this week, and the shoe dropped for both - a warning showcased by our quant ratings for months. Deemed among the biggest stock losers Wednesday, Foot Locker fell more than 30%, and Peloton -26%, as revenue guidance fell well below consensus. The Quant Rating System has a track record of picking winners and identifying losers.

Shares Plunge On 2 Quant Sell-Rated Stocks: Foot Locker And Peloton

Foot Locker missed Wall Street's sales and earnings expectations in Q2. The company also suspended its dividend and cut full-year guidance again.

Foot Locker Shares Crumble Amid "Consumer Softness." Is This a Buying Opportunity?

Foot Locker Inc. (NYSE:FL ) Q2 2023 Earnings Conference Call August 23, 2023 10:00 AM ET Company Participants Robert Higginbotham - VP, IR Mary Dillon - President, CEO Franklin Bracken - EVP, COO Michael Baughn - EVP, CFO Conference Call Participants Robert Drbul - Guggenheim Warren Cheng - Evercore ISI Brooke Roach - Goldman Sachs Alexandra Straton - Morgan Stanley Jonathan Komp - Baird Lorraine Hutchinson - Bank of America Janine Stichter - BTIG Joseph Feldman - Telsey Advisory Group Adrienne Yih - Barclays Paul Lejuez - Citi. Operator Good morning, and welcome to Foot Locker's Second Quarter 2023 Financial Results Conference Call.

Foot Locker Inc. (FL) Q2 2023 Earnings Call Transcript

NIKE

Shares of Nike fell for the tenth straight day on Wednesday, putting it on track for its longest losing streak since it went public in 1980.

Nike heads toward record 10th straight losing day as Foot Locker woes, China slowdown hit stock

Amazon

Alphabet

NVIDIA

With the Nasdaq down 5% from July highs, now is the time to scan the AI universe for buy-the-dip stocks. META, AMZN and GOOGL make the cut and NVDA has an outlier valuation metric.

Top AI Stock Picks And Foot Locker's Disappearing Dividend With Steven Cress

Foot Locker Inc. is seeing a weaker start to the back-to-school season amid pressure on customers' discretionary spending.

Foot Locker sees softer-than-expected sales, weaker start to back-to-school

Footwear and apparel retailer expects full-year sales to decline on back of price-sensitive consumers.

Foot Locker Blames Weak Quarter on ‘Consumer Softness' As Stock Plunges

The company attributed a dip in comparable sales to “consumer softness.”

Foot Locker Shares Plummet 33% After Sales Decline

Foot Locker missed sales and earnings expectations in Q2. The company also suspended its dividend and cut its forward guidance.

Why Foot Locker Stock Is Crashing Today

Foot Locker (FL) shares lost more than one-third of their value in early trading Wednesday after the athletic apparel retailer reported sales fell as inflation-weary shoppers spent less on the company's apparel and footwear.

Foot Locker Shares Sink After Reporting Falling Sales as Shoppers Pull Back

Foot Locker saw sales decrease by nearly 10% last quarter, and blamed the dismal period on "ongoing consumer softness." Its share price plummeting as much as 33% in premarket trading on Wednesday.

Foot Locker's stock plunges 32% as sneaker retailer blames dismal results on ‘consumer softness'

Markets opened modestly higher after seeing losses in recent weeks. Peloton Interactive reported declines in sales and subscriber counts.

Investors Are Giving Up on These 2 Stocks -- Should You?

Foot Locker (FL) came out with quarterly earnings of $0.04 per share, missing the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $1.10 per share a year ago.

Foot Locker (FL) Misses Q2 Earnings and Revenue Estimates

adidas AG

Shares of sports gear companies Nike Inc (NYSE:NKE) and adidas AG (OTCQX:ADDYY) fell sharply in early Wednesday trading after footwear retailer Foot Locker posted a bigger-than-expected fall in second-quarter sales and reduced its guidance for 2023. The footwear retailer also swung to a $5 million loss, from a $94 million profit a year earlier, and hit pause on dividends, sending its shares 32% lower in pre-market trading.

Nike and Adidas shares trip up after Foot Locker 2Q shocker

Shares of Foot Locker plunged after the retailer lowered its yearly forecast and suspended its quarterly dividend to conserve cash citing "price-sensitive" consumers.

Foot Locker shares sink as inflation curbs spending, cuts annual forecast

Foot Locker (NYSE: FL ) stock is taking a beating on Wednesday after the athletic wear retailer released its Q2 earnings report. The bad news for FL stock starts with its adjusted earnings per share of 4 cents.

Why Is Foot Locker (FL) Stock Down 31% Today?

Foot Locker Inc shares slumped 32% in pre-market trading after reporting a fall in sales, reducing guidance for 2023 and announcing a pause to the dividend. The footwear retailer reported a 9.9% drop in sales to $1.86 billion, below Street expectations of $1.88 billion, but now expects 2023 sales to drop 8-9%, compared to a previously issued forecast of down 6.5-8%.

Foot Locker slides 32% as sales fall; slashes guidance

Puma SE

Adidas shares ADS, -4.24% fell 4% and Puma shares PUM, -6.18% dropped 5%, as both apparel makers suffered from the profit warning at Foot Locker. Foot Locker reported a softening of trends in July and price-sensitive customers.

Adidas, Nike and Puma shares drop after Foot Locker warning

Foot Locker slashed its outlook for the second straight quarter and pauses its dividend as the shoe retailer grapples with a tough consumer backdrop.

Foot Locker Stock Plunges After Outlook Slashed and Dividend Suspended

Foot Locker Inc.'s stock FL, -4.80% slid 26% in premarket trade Wednesday, after the sporting goods retailer swung to a loss in the second-quarter as revenue also fell short of estimates and the company cut its full-year guidance. The news comes a day after a disappointing report from rival Dick's Sporting Goods Inc. DKS, -24.15%, which that company blamed on a spike in shoplifting.

Foot Locker's stock tumbles 26% after revenue miss and lowered guidance and company says it's suspending its quarterly dividend

Athletic apparel retailer Foot Locker reported another quarterly sales decline and missed revenue expectations as consumers continue to pull back from shoes.

Foot Locker reports another sales decline, cuts guidance as it blames 'consumer softness'

•  Total Sales Decreased 9.9%; Comparable-Store Sales Decreased 9.4% •  EPS Loss of $0.05 and Non-GAAP EPS Gain of $0.04 •  Lowering 2023 Sales and Earnings Guidance •  Pausing Dividend to Enhance Flexibility •  Reiterating Commitment to Lace Up Plan  NEW YORK , Aug. 23, 2023 /PRNewswire/ -- Foot Locker, Inc. (NYSE: FL), the New York-based specialty athletic retailer, today reported financial results for its second quarter ended July 29, 2023. Mary Dillon, President and Chief Executive Officer, said, "Our second quarter was broadly in line with our expectations, despite the still-tough consumer backdrop.

FOOT LOCKER, INC. REPORTS 2023 SECOND QUARTER RESULTS

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

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