Is this stock still a good value or is it just cheap?Shares of shoe retailer Foot Locker (FL 22.29%) raced higher on Thursday after the company reported financial results for the first quarter of 2024. And while results weren't necessarily impressive, they weren't as bad as some reports in recent quarters. That's really all this stock needs right now and it's why Foot Locker stock was up a whopping 24% as of 11:10 a.m. ET.Jumping over a really low barAllow me to set the stage: Investors have really low expe ...

Key TakeawaysFoot Locker shares soared Thursday as its first-quarter performance indicated the company's turnaround efforts are succeeding.The athletic shoe and apparel retailer beat profit estimates, and comparable store sales were better than expected.CEO Mary Dillon said Foot Locker controlled costs and benefited from favorable changes in the timing of expenses. Foot Locker (FL) shares soared Thursday as the athletic shoe and apparel retailer’s first-quarter results showed its turnaround efforts seem to ...

For the quarter ended April 2024, Foot Locker (FL) reported revenue of $1.88 billion, down 2.7% over the same period last year. EPS came in at $0.22, compared to $0.70 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.89 billion, representing a surprise of -0.41%. The company delivered an EPS surprise of +83.33%, with the consensus EPS estimate being $0.12.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ex ...

Foot Locker (FL) came out with quarterly earnings of $0.22 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.70 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 83.33%. A quarter ago, it was expected that this shoe store would post earnings of $0.34 per share when it actually produced earnings of $0.38, delivering a surprise of 11.76%.Over the last four quarters, the company has ...

Exhibit 99.1 | --- | --- | --- | --- | |-------|-------|-------|----------------------------------------------------------| | | | | | | | | | Investor Relations ir@footlocker.com | | | | | Dana Yacyk | | | | | Corporate Communications mediarelations@footlocker.com | FOOT LOCKER, INC. REPORTS FIRST QUARTER 2024 FINANCIAL RESULTS; REAFFIRMS 2024 OUTLOOK ● Total Sales Decreased 2.8%; Comparable Sales Decreased 1.8% ● Global Foot Locker and Kids Foot Locker Comparable Sales Increased 1.1% ● EPS of $0.09 and Non ...

A Foot Locker store in New York, US, on Monday, May 27, 2024. Foot Locker Inc. is scheduled to release earnings figures on May 30.Foot Locker's turnaround is starting to bear some fruit. The sneaker giant saw comparable sales decline 1.8% during its fiscal first quarter, far better than the 3.1% drop off that analysts had expected, according to StreetAccount. It also reaffirmed its fiscal year guidance, which projects sales to be in a range of a 1% decline to a 1% gain, compared to a decline of 0.6% that an ...

Total Sales Decreased 2.8%; Comparable Sales Decreased 1.8% Global Foot Locker and Kids Foot Locker Comparable Sales Increased 1.1% EPS of $0.09 and Non-GAAP EPS of $0.22 Inventory Decreased 5.6% Year-over-Year Reaffirms First-Half and Full-Year 2024 Non-GAAP EPS Outlook NEW YORK, May 30, 2024 /PRNewswire/ -- Foot Locker, Inc. (NYSE: FL), the New York-based specialty athletic retailer, today reported financial results for its first quarter ended May 4, 2024. Mary Dillon, President and Chief Executive Off ...

Analysts on Wall Street project that Foot Locker (FL) will announce quarterly earnings of $0.12 per share in its forthcoming report, representing a decline of 82.9% year over year. Revenues are projected to reach $1.89 billion, declining 2.3% from the same quarter last year.The current level reflects a downward revision of 414.3% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections o ...

The market expects Foot Locker (FL) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended April 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on May 30, 2024, might help the stock move higher if these key numbers are better ...

NEW YORK, April 30, 2024 /PRNewswire/ -- Foot Locker, Inc. (NYSE: FL), the New York-based specialty athletic retailer, plans to report financial results for its first quarter ended May 4, 2024, before the U.S. markets open on Thursday, May 30, 2024. A conference call is scheduled for the same day at 9:00 a.m. ET, during which the Company will provide an update on the business. An investor presentation will be available under the Investor Relations section of the Company's corporate website at footlocker-inc ...