Exhibit 99.1 | --- | --- | --- | |-------|-----------|-----------------------------------------------------------------------| | | | | | | Contacts: | Kate Fitzsimons Investor Relations ir@footlocker.com | | | | | | | | Dana Yacyk Corporate Communications mediarelations@footlocker.com | FOOT LOCKER, INC. REPORTS THIRD QUARTER 2024 FINANCIAL RESULTS; UPDATES 2024 OUTLOOK ● Total Sales Down 1.4% Year-over-Year and Comparable Sales Up 2.4% ● Gross Margin Expansion of 230 Basis Points Year-over-Year ● Loss of $ ...

Foot Locker slashed its full-year guidance on Wednesday after reporting a rough set of quarterly results. The sneaker giant fell short of Wall Street's expectations on the top and bottom lines and blamed the miss on soft consumer demand and elevated promotions across the marketplace. Foot Locker shares dropped 7% in premarket trading after it posted the results.Here's how Foot Locker did in its third fiscal quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG:Earnin ...

Foot Locker is reportedly expanding the “Home Court” basketball sections it launched with Nike.The expansion is part of an effort by the sports apparel retailer and the sneaker giant to fix their damaged relationship, Bloomberg News reported Tuesday (Dec. 3).According to the report, Foot Locker plans to launch the new sections — which feature digital wallets where customers can test a sneaker’s performance with vertical jumps — in 100 stores around the world by 2026.“Basketball culture is a really key part ...

In its upcoming report, Foot Locker (FL) is predicted by Wall Street analysts to post quarterly earnings of $0.39 per share, reflecting an increase of 30% compared to the same period last year. Revenues are forecasted to be $2.01 billion, representing a year-over-year increase of 1.1%.The consensus EPS estimate for the quarter has been revised 0.2% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during ...

Foot Locker (FL) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended October 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on December 4, 2024, might help the stock move higher if these key numbers are better than e ...

Needham analyst Tom Nikic initiated coverage on Foot Locker, Inc. FL with a Buy rating and a price forecast of $27. The analyst writes that Foot Locker is positioned for an earnings recovery in 2025, with improvements expected from a strengthened Nike, Inc partnership, growth in non-Nike brands, recent SG&A investments, and the recovery of merchandise margins. Despite a current lull post-back-to-school, the analyst expects trends to pick up after Thanksgiving and is encouraged by a recent consumer survey in ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, incl ...

Shares of Foot Locker Inc (FL, Financial) fell 3.80% in mid-day trading on Oct 2. The stock reached an intraday low of $24.10, before recovering slightly to $24.17, down from its previous close of $25.12. This places FL 32.12% below its 52-week high of $35.60 and 36.87% above its 52-week low of $17.66. Trading volume was 1,046,276 shares, 31.7% of the average daily volume of 3,302,479.Wall Street Analysts ForecastBased on the one-year price targets offered by 15 analysts, the average target price for Foot L ...

Foot Locker, Inc. (FL) is currently trading at a notable low price-to-earnings (P/E) multiple, which is below the Zacks Retail-Apparel and Shoes industry and the broader Retail-Wholesale sector’s averages. FL's forward 12-month P/S ratio is 0.29, lower than the industry's and the sector’s ratios of 1.14 and 1.44, respectively.This stock is undervalued than its industry peers, thereby offering compelling value to investors looking for exposure to the sector. FL's Value Score of A underscores its appeal as an ...

This account is managed by Noah's Arc Capital Management. Our goal is provide Wall Street level insights to main street investors. Our research focus is mainly on 20th century stocks (old economy) undergoing a 21st century transformation, but occasionally we'll write on companies that help transform 20th century firms as well. We look for innovations in a business model that will cause a stock to change dramatically. Associated with SA contributors Thomas Potter and Elijah Buell.Analyst’s Disclosure: I/we h ...