New loyalty program transforms customer experience with enhanced convenience and exclusive benefits; newly redesigned mobile app to followNEW 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 i ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: May 4, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 1-10299 (Exact name of registrant as specified in its charter) New York 13-3513936 (State or ...

Miami, Florida, Wynwood, Foot Locker storefront with logo sign. (Photo by: Jeffrey ... [+] Greenberg/UCG/Universal Images Group via Getty Images)Jeffrey Greenberg/UCG/Universal Images Group via Getty ImagesWe’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 ...

Core Insights - The U.S. economy continues to show resilience with significant job additions, particularly in the retail, food services, and healthcare sectors, despite some indicators suggesting growth limitations [1][3]. Group 1: Employment Growth and Sector Performance - The latest employment report indicated an increase of 272,000 jobs in May, a notable rise from April's 175,000 [3]. - Key sectors contributing to job growth include retail trade (12,600 jobs), food services (25,300 jobs), and healthcare (68,300 jobs) [3]. - Analysts are focusing on stocks in these sectors, such as Foot Locker, Shake Shack, and Hims & Hers Health, as potential growth opportunities [2][3]. Group 2: Company-Specific Insights - **Foot Locker**: Current stock price is $25.68 with a price target of $24.80. Analysts project an EPS growth of 40% over the next 12 months, significantly higher than peers like Nike [4][5]. TD Securities has set a price target of $43, indicating a potential rally of 67.3% [5]. - **Shake Shack**: Current stock price is $92.18 with a price target of $98.53. The company has a gross margin of 37% and is expected to see a 39.2% EPS growth this year. TD Cowen has raised its valuation to $125, suggesting a 35.6% upside [6][7]. - **Hims & Hers Health**: Current stock price is $20.79 with a price target of $16.14. The company has reported a 41% subscriber growth and is expected to continue this trend, with Canaccord Genuity projecting a price of $24 [8][9]. The Vanguard Group has increased its stake in the company, indicating confidence in its growth potential [8].

Foot Locker, Inc. (NYSE:FL) Q1 2024 Results Conference Call May 30, 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 Cristina Fernández - Telsey Advisory Group Tom Nikic - Wedbush Michael Binetti - Evercore ISI Arian Razai - Guggenheim Jay Sole - UBS Operator Good morning, and welcome to Foot Locker's First Quarter 2024 Financial Results Conference Call. At this ti ...

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 ...