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 ...

Core Insights - Foot Locker's comparable sales decline of 1.8% in the fiscal first quarter was better than the expected 3.1% drop, indicating a potential turnaround for the company [1] - The company reaffirmed its fiscal year guidance, projecting sales to range from a 1% decline to a 1% gain, compared to analysts' forecast of a 0.6% decline [1] - Adjusted earnings per share for the quarter were reported at 22 cents, exceeding the expected 12 cents, while revenue matched expectations at $1.88 billion [1][2] Financial Performance - Foot Locker's reported net income for the three-month period ending May 4 was $8 million, or 9 cents per share, down from $36 million, or 38 cents per share, a year earlier [1] - Sales decreased to $1.88 billion, down approximately 3% from $1.93 billion a year prior [2] - For the full year, adjusted earnings per share are expected to be between $1.50 and $1.70, ahead of the estimated $1.57 [2] Strategic Initiatives - CEO Mary Dillon highlighted the success of the "Lace Up Plan" and the launch of an enhanced FLX rewards program, which aims to drive customer engagement [2] - The company is revamping its mobile app and has plans to return to growth with Nike in the holiday quarter [2] - Foot Locker is undergoing store renovations, including new off-mall locations and a "store of the future" model that emphasizes a diverse brand offering [5][6] Market Challenges - The retailer faces challenges from a low-income consumer base affected by inflation and reduced new releases from brand partners like Nike [3] - Champs Sports, a subsidiary, reported a staggering 13.4% decline in comparable sales during the quarter, contributing to overall revenue challenges [3] - Foot Locker's stock has seen a decline of about 28% year to date, reflecting Wall Street's waning confidence [3] Consumer Behavior - Despite inflation pressures, the average selling price increased, indicating consumers are willing to pay full price for desirable products [4] - CEO Dillon noted that consumers are prioritizing their spending, focusing on categories that are important to them [5]

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 ...

The Sneaker Hub is part of the new concept Foot Locker at Wayne, NJFoot Locker In the world of sports they often say no pain, no gain. The same might be said of Foot Locker Foot Locker , which unveiled the first fruits of its ambitions in New Jersey this week, despite investors being wary about its capex program and its ongoing struggles with margins.Foot Locker unveiled a new retail concept at its Willowbrook Mall location in Wayne, New Jersey that delivers “an elevated shopping experience and unrivaled cu ...

Foot Locker has unveiled its “store of the future” in Wayne, New Jersey.This new retail format will inform the footwear and apparel retailer’s global refresh, as information gleaned from it will be incorporated into new stores, Foot Locker said in a Wednesday (April 24) press release.“Our new store concept cements Foot Locker’s position as the leader in sneaker culture by offering an engaging, cutting-edge shopping experience for the sneaker passionate,” Mary Dillon, president and CEO at Foot Locker, said i ...