Foot Locker Inc (NYSE: FL) is down about 8.0% in premarket on Wednesday even though it posted an upbeat Q4 earnings report.Copy link to sectionInvestors are concerned because $FL disappointed in terms of profit guidance. The footwear retail stores company now forecasts its per-share earnings to fall between $1.50 and $1.70 this year. Analysts, in comparison, were at $1.86 a share. Plus, Mike Baughn – chief financial officer of Foot Locker said in the earnings press release today:Given our lower starting po ...

The Foot Locker logo is displayed in a store on May 19, 2023 in San Francisco, California.Shares of Foot Locker fell in premarket trading Wednesday after the sneaker retailer reported a holiday-quarter loss and issued weak guidance for the current year.Here's how the company did in its fourth fiscal quarter, compared with estimates from analysts surveyed by LSEG, formerly known as Refinitiv:Earnings per share: 38 cents adjusted vs. 32 cents expectedRevenue: $2.38 billion vs. $2.28 billion expectedThe compan ...

Total Sales Increased 2.0%; Comparable Sales Decreased 0.7% Foot Locker and Kids Foot Locker North America Comparable Sales Increased +5.2% EPS Loss of $4.13 and Non-GAAP EPS Income of $0.38 Inventory Decreased 8.2% Year-over-Year Anticipates Return to Positive Comparable Sales Growth and EBIT Margin Expansion in 2024 2024 Non-GAAP EPS Guidance of $1.50-$1.70 including a Non-Recurring Charge of $0.10 Provides Update on Timing to Achieve Lace Up Plan Financial Targets NEW YORK, March 6, 2024 /PRNewswire/ ...

Foot Locker Inc (NYSE:FL) will report earnings before the open tomorrow, Mar. 6. Ahead of the event, FL is up 1.5% at $34.41, with recent pressure at the $35 mark keeping a cap on gains. The stock has a tendency to make large post-earnings swings though, so depending on which direction it goes after tomorrow's results, it could make a break past that level. Foot Locker stock experienced a 16.1% move higher after the retailer's November report, and has since continued to rise, up 10.7% since the start of the ...

Exhibit 99.1 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 FOURTH QUARTER 2023 RESULTS; ISSUES 2024 OUTLOOK ● Total Sales Increased 2.0%; Comparable Sales Decreased 0.7% ● Foot Locker and Kids Foot Locker North America Comparable Sales Increased +5.2% ● EPS Loss of $4.13 and Non-GAAP EPS Income of $0.38 ● Inventory Decreased 8.2% Year-over-Year ● Anticipates Return to Positive C ...

Key PointsThe retail industry could soon see a rebound on a coming up on potential Federal Reserve interest rate cuts.Within the peer group, it is clear that Foot Locker is the most discounted stock, opening the way for a bargain hunt.Analysts understand there is much more upside to be had, and markets have yet to wake up to that fact.5 stocks we like better than Foot LockerThe market has now gone through a complete cycle in record time. From 2020 to today, it seems that interest rates and the underlying bu ...

Analysts on Wall Street project that Foot Locker (FL) will announce quarterly earnings of $0.34 per share in its forthcoming report, representing a decline of 65% year over year. Revenues are projected to reach $2.29 billion, declining 2.2% from the same quarter last year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.7% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Foot Locker (FL) reports results for the quarter ended January 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on March 6, 2024, might help the stock move higher if these key numbers are better than expectat ...

Steve Russell/Toronto Star via Getty Images Investment Thesis Foot Locker (NYSE:FL) is a shoe and sportswear retailer. The current consumer spending downturn has hammered Foot Locker's share price, falling almost 40% over the trailing twelve months. Foot Locker has embarked on a strategic shift in the meantime. Through a pivot toward off-mall "new format" stores, more partnerships, and an expansion into Asia, Foot Locker hopes to establish brand loyalty and appeal to broader consumers. Additionally, Nik ...

Foot Locker, Nike and Jordan Brand Invest in Year-Long Program Driving Basketball Culture with Major Athletes, Live Events, and More NEW YORK, Feb. 15, 2024 /PRNewswire/ -- Today, global retailer Foot Locker, part of Foot Locker, Inc. (NYSE:FL), announced The Clinic, a year-long program with Nike and Jordan Brand, bringing the best of the court and culture to basketball fans, sneaker enthusiasts, and local communities. The Clinic is a first-of-its-kind partnership between Foot Locker, Nike and Jordan Brand. ...