Foot Locker, Inc. (FL) is currently trading at a low price-to-sales (P/S) multiple, which is below the average of the Zacks Retail - Apparel and Shoes industry and Retail-Wholesale sector. With a forward 12-month P/S of 0.17, FL is priced lower than the industry average of 1.39 and the sector average of 1.47. For fiscal 2025, Foot Locker expects gross margin expansion of 40-80 basis points, reaching 29.3-29.7%. This will be supported by stronger full-price selling, lower markdowns, and ongoing savings. Desp ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended February 1, 2025 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 No. 1-10299 (Exact name of registrant as specified in its charter) | New York | 13-3513936 | | --- | --- | | (State or other ju ...

Company Overview - Foot Locker, Inc. is a leading footwear and apparel retailer with approximately 2,400 retail stores in 26 countries across North America, Europe, Asia, Australia, and New Zealand [3] - The company has a strong history of sneaker authority and aims to ignite the power of sneaker culture through its portfolio of brands, including Foot Locker, Kids Foot Locker, Champs Sports, WSS, and atmos [3] Upcoming Event - Mary Dillon, CEO, Mike Baughn, CFO, and Frank Bracken, President, will present at the J.P. Morgan 11th Annual Retail Round Up Conference on April 3rd at 8:00 a.m. ET [1] - An audio fireside chat will be available on footlocker-inc.com on the same date and a replay will be accessible for 90 days following the event [2]

NEW YORK, March 26, 2025 /PRNewswire/ -- Foot Locker, Inc. (NYSE: FL) today announced that Franklin R. Bracken, currently Executive Vice President and Chief Commercial Officer, has been named to the role of President, effective immediately. Bracken will continue reporting to Mary Dillon, Foot Locker, Inc.'s Chief Executive Officer. In his role as President, Bracken will work alongside Dillon to accelerate the execution of the Lace Up Plan, the Company's strategy to elevate the omni-retail experience, enhanc ...

I wrote about Foot Locker (NYSE: FL ) previously with a hold rating as I was worried about how gross margin would be in 4Q24 given the promotional environment. I stay hold-rated as I expect concerns regardingI am an individual investor that is now fully focus on managing my own capital that I have saved up over the years. My investing background spreads across a wide spectrum as I believe there are merits to each approach, for instance: Fundamental investing [Bottoms-up etc.], Technical investing [historica ...

Long-only investment, evaluating companies from an operational, buy-and-hold perspective.Quipus Capital does not focus on market-driven dynamics and future price action. Instead, our articles focus on operational aspects, understanding the long-term earnings power of companies, the competitive dynamics of the industries where they participate, and buying companies that we would like to hold independently of how the price moves in the future. Most QC calls will be holds, and that is by design. Only a very sm ...

Foot Locker (FL) Q4 2025 Earnings Call March 05, 2025 11:40 PM ET Company Participants Robert Higginbotham - Senior Vice President of Investor Relations, Financial Planning & Analysis and TreasurerMary Dillon - CEOFranklin Bracken - Executive VP & Chief Commercial OfficerMike Baughn - EVP & CFOMichael Binetti - Senior Managing DirectorJay Sole - Managing Director Conference Call Participants Anna Andreeva - Managing Director & Senior Research AnalystAdrienne Yih - Managing Director, Consumer Discretionary A ...

Core Insights - Foot Locker's quarterly results fell short of Wall Street expectations, with total sales decreasing by 5.8% year-over-year, influenced by Gen Alpha and Gen Z's cautious spending habits and Nike's discounting strategy [1][2] - The relationship between Foot Locker and Nike remains strong despite the competitive discounting environment, with Foot Locker's CEO attributing low sales to the short-term impacts of the company's "Lace Up" strategy aimed at increasing revenue from $8 billion to $10 billion by 2026 [3] Sales and Customer Behavior - Gen Alpha and Gen Z customers are spending more during major sales events like Black Friday and Valentine's Day, but less during regular periods, reflecting their limited discretionary budgets [2] - Foot Locker's CEO noted that the younger customer demographic prioritizes sneaker purchases, which are essential to their lifestyle [2] Strategic Initiatives - The "Lace Up" strategy is a comprehensive plan that includes closing underperforming stores, diversifying the brand portfolio, revitalizing the loyalty program, and investing in customer-focused technology [4] - In the fourth quarter, Foot Locker closed 47 locations, opened 7 new stores, remodeled or relocated 21 stores, and refreshed 160 stores to enhance the in-store experience and digital capabilities [5]

Core Insights - The emergence of a "cautious consumer" is influencing spending behavior across various retail sectors, including Foot Locker, as shoppers are becoming more selective and waiting for the right purchasing moments [1][2] Financial Performance - Foot Locker's fourth-quarter sales decreased by 5.8% to $2.24 billion, while comparable sales increased by 2.6%, marking the third consecutive quarter of positive comparable sales [2] - For the full fiscal year of 2024, total revenue slipped by 2.2% to $7.99 billion [2] Strategic Initiatives - Foot Locker's Lace Up Plan, initiated in 2023, aims to modernize customer experience and operations through store refurbishments, digital expansion, and enhanced customer loyalty [3] - The company plans to close approximately 400 mall-based stores by 2026, including 200 in lower-tier malls and 200 underperforming locations in higher-tier malls, as part of its real estate strategy [4] Store Experience and Digital Transformation - The introduction of "Reimagined" stores is a key focus, with eight already opened and plans to launch an additional 80 by the end of 2025, designed to create a more immersive shopping experience [5] - A new mobile app and revamped FLX Rewards loyalty program were launched to enhance customer engagement, resulting in a 12.4% increase in fourth-quarter digital sales [6][7] Customer Engagement and Loyalty - Forty-nine percent of sales in North America during the fourth quarter were attributed to loyalty program members, highlighting the importance of loyalty rewards in consumer shopping decisions [8] - Data indicates that 41% of U.S. shoppers prioritize loyalty rewards when choosing where to shop, with 35% considering them very or extremely important [9] Future Outlook - Full-year guidance for Foot Locker anticipates a sales range of -1% to 0.5% and comparable sales growth of 1% to 2.5% [9] - The company remains focused on customer-facing investments, inventory control, and disciplined expense management to improve profitability, despite expected consumer and promotional pressures into 2025 [10]

Core Insights - Foot Locker, Inc. reported fourth-quarter fiscal 2024 results with revenues falling short of estimates while earnings exceeded expectations, indicating a mixed performance [1][4] - The company achieved positive comparable sales and gross margin improvements, driven by strategic initiatives in fiscal 2024 [2] Financial Performance - Adjusted earnings per share were 86 cents, surpassing the Zacks Consensus Estimate of 73 cents and increasing from 38 cents in the prior-year quarter [4] - Total revenues were $2,248 million, a decrease of 5.7% year-over-year, missing the Zacks Consensus Estimate of $2,328 million [5] - Comparable sales rose by 2.6% year-over-year, with global Foot Locker and Kids Foot Locker sales growing by 3.6% [5] Margin Analysis - Gross profit was $663 million, up 4.6% year-over-year, with a gross margin rate increase of 300 basis points to 29.6% [6] - Selling, general and administrative (SG&A) costs as a percentage of sales decreased by 10 basis points to 22.3%, aided by cost optimization and disciplined management [7] Store Operations - In the fourth quarter, the company opened 7 new stores and closed 47, while remodeling or relocating 21 stores and refreshing 160 locations [8] - As of February 1, 2025, Foot Locker operated 2,410 stores across 26 countries, with 224 franchised stores in the Middle East, Europe, and Asia [9] Financial Snapshot - The company ended the fiscal fourth quarter with cash and cash equivalents of $401 million, long-term debt of $441 million, and shareholders' equity totaling $2.91 billion [11] - Merchandise inventories were $1.53 billion, reflecting a 1.1% increase from the previous year [11] Future Outlook - For fiscal 2025, revenues are expected to decline by 1% to grow by 0.5%, with comparable sales projected to increase by 1% to 2.5% [13] - Gross margin is forecasted between 29.3% and 29.7%, while SG&A rate is expected to be between 24.3% and 24.5% [14] - Adjusted earnings per share are projected to be between $1.35 and $1.65, with capital expenditure estimated at $270 million [15]