For the quarter ended July 2024, Foot Locker (FL) reported revenue of $1.9 billion, up 1.9% over the same period last year. EPS came in at -$0.05, compared to $0.04 in the year-ago quarter.The reported revenue represents a surprise of +0.89% over the Zacks Consensus Estimate of $1.88 billion. With the consensus EPS estimate being -$0.08, the EPS surprise was +37.50%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expecta ...

Shares of Abercrombie & Fitch Co (NYSE:ANF) and Foot Locker Inc (NYSE:FL) are gapping lower after the retailers' respective second-quarter earnings reports. Though the former beat top- and bottom-line estimates and lifted its current-quarter outlook, its CEO also warned of an "increasingly uncertain environment." Meanwhile, the latter shared a revenue miss.ANF was last seen down 14.8% to trade at $141.96, on track for its worst day since May 2022. Shares are also gapping back below their 40-day moving avera ...

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 37.50%. A quarter ago, it was expected that this shoe store would post earnings of $0.12 per share when it actually produced earnings of $0.22, delivering a surprise of 83.33%.Over the last four quarters, the company has sur ...

Second Quarter Results N E W S R E L E A S E Contacts: Kate Fitzsimons Investor Relations ir@footlocker.com Dana Yacyk Corporate Communications mediarelations@footlocker.com FOOT LOCKER, INC. REPORTS SECOND QUARTER 2024 FINANCIAL RESULTS; REAFFIRMS 2024 OUTLOOK; ANNOUNCES STRATEGIC UPDATES IN SUPPORT OF LACE UP PLAN ● 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 ...

A Foot Locker store near the Times Square neighborhood of New York, US, on Monday, Nov. 13, 2023.Foot Locker on Wednesday said comparable sales grew for the first time in six quarters as its efforts to refresh its stores and improve the customer experience continue to bear fruit. The beleaguered sneaker company's same-store sales grew 2.6% during its fiscal second quarter, far better than the 0.7% uptick that analysts had expected, according to StreetAccount. Its gross margin also expanded for the first tim ...

Core Viewpoint - Foot Locker is positioned well for potential earnings beats in upcoming reports, supported by a strong history of exceeding earnings estimates and positive analyst sentiment [1][2][3]. Company Performance - Foot Locker has a track record of beating earnings estimates, with an average surprise of 47.55% over the past two quarters [1]. - In the most recent quarter, Foot Locker reported earnings of $0.22 per share, surpassing the expected $0.12 per share by 83.33% [1]. - For the previous quarter, the company reported $0.38 per share against an expectation of $0.34 per share, resulting in a surprise of 11.76% [1]. Earnings Estimates - Estimates for Foot Locker have been trending higher, influenced by its history of earnings surprises [2]. - The company currently has a positive Zacks Earnings ESP of +5.88%, indicating bullish sentiment among analysts regarding its earnings prospects [3]. - The next earnings report for Foot Locker is anticipated to be released on August 28, 2024 [3]. Predictive Metrics - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high likelihood of another earnings beat, with historical data showing nearly 70% success in such cases [2][3]. - The Earnings ESP metric is crucial for predicting earnings performance, as it compares the Most Accurate Estimate to the Zacks Consensus Estimate [3][4].

Wall Street analysts forecast that Foot Locker (FL) will report quarterly loss of $0.09 per share in its upcoming release, pointing to a year-over-year decline of 325%. It is anticipated that revenues will amount to $1.89 billion, exhibiting an increase of 1.2% compared to the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.7% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections ...

The market expects Foot Locker (FL) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended July 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 August 28, 2024, might help the stock move higher if these key numbers are bett ...

An increasing awareness of the health benefits of staying active has catapulted fitness stocks into the spotlight.In the era of technological advancements and evolving consumer preferences, fitness companies are innovating to stay ahead of the curve. This spans all areas of the industry from wearable technology that tracks health metrics to fitness apparel for peak performance. These innovations are not happening in isolation and are part of a broader growth trend within the industry. Data shows that the sp ...

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. 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 footlo ...