Foot Locker said Wednesday it expects another year of deep discounts in the sneaker industry as its largest brand partner Nike continues its reset and relies on markdowns to clear through stale inventory. The footwear giant delivered mix results for its holiday quarter, beating Wall Street's expectations on earnings but falling short on sales. In the year ahead, it anticipates that trend will reverse. For fiscal 2025, Foot Locker is expecting profits to be lower than Wall Street estimated, while the high en ...

Total Sales Down 5.8% Year-over-Year and Comparable Sales Up 2.6% Global Foot Locker and Kids Foot Locker Comparable Sales Up 3.6% Gross Margin Expansion of 300 Basis Points Year-over-Year GAAP EPS of $0.57 from Continuing Operations and Non-GAAP EPS of $0.86 Completed 160 Store Refreshes in the Quarter, Bringing Total to Over 400 for the Year Issues Full-Year Sales and Non-GAAP EPS Outlook NEW YORK, March 5, 2025 /PRNewswire/ -- Foot Locker, Inc. (NYSE: FL) today reported financial results for its fou ...

NEW YORK, Feb. 5, 2025 /PRNewswire/ -- Foot Locker, Inc. (NYSE: FL) plans to report financial results for its fourth quarter ended February 1, 2025, before the U.S. markets open on Wednesday, March 5, 2025. A conference call is scheduled for the same day at 8:00 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.com before the start of the conference ca ...

Core Insights - Foot Locker, Inc. is returning to NBA All-Star 2025 in San Francisco, reinforcing its leadership in basketball culture through a multi-brand activation featuring exclusive sneaker drops and community engagement [1][2] - The immersive experience will include appearances from NBA stars, interactive games, and exclusive product customization, aimed at connecting with the basketball community [1][3] Company Overview - Foot Locker operates approximately 2,500 retail stores across 26 countries, showcasing a strong history in sneaker culture and authority [7] - The company aims to deepen its connection with consumers through an elevated experience at NBA All-Star 2025, featuring high-profile product releases and athlete appearances [5][6] Event Details - The activation will take place at 150 Powell Street in San Francisco's Union Square from February 13 to February 16, 2025, with specific hours for public access [6] - Featured product releases include the Nike Kobe VI "ASW," Jordan Retro 12 Flu Game, and exclusive colorways of the adidas Anthony Edwards 1 Mid [2][4] Community Engagement - Foot Locker will donate $25,000 to both Morehouse College and Tuskegee University as part of its partnership with the 2025 NBA HBCU Classic [5] - The event will include multiple sweepstakes for local FLX Rewards members, offering chances to win customized merchandise and exclusive giveaways [3][5]

Earnings Performance - Foot Locker's Q3 2024 earnings missed expectations with adjusted EPS of 33 cents, below the Zacks Consensus Estimate of 39 cents, though it increased from 30 cents in the prior-year quarter [5] - Total revenues decreased by 1.4% year-over-year to $1,961 million, missing the Zacks Consensus Estimate of $2,001 million [6] - Comparable sales increased by 2.4% year-over-year, driven by a 2.8% increase in global Foot Locker and Kids Foot Locker sales [6] Margins and Expenses - Gross margin rate increased by 230 basis points (bps) due to lower markdown levels [7] - SG&A expenses as a percentage of sales increased by 210 bps, driven by investments in technology and brand-building, partially offset by cost-optimization savings [7] Store Operations and Expansion - In Q3, the company opened 10 new stores, closed 24 stores, remodeled or relocated 20 stores, and modernized 167 stores to align with updated design standards [8] - As of November 2, 2024, Foot Locker operated 2,450 stores across 26 countries, with 214 franchised stores in the Middle East and Asia [9] Financial Position - The company ended Q3 with $211 million in cash and cash equivalents, long-term debt and finance lease obligations of $440 million, and shareholders' equity of $2.87 billion [10] - Merchandise inventories decreased by 6.3% year-over-year to $1.74 billion [11] Guidance and Outlook - Q4 2024 guidance projects a revenue decline of 3.5% to 1.5%, with comparable sales growth of 1.5% to 3.5% [12] - Full-year 2024 revenue is expected to decline by 1.5% to 1%, with comparable sales growth narrowed to 1-1.5% [13] - Gross margin guidance for 2024 was lowered to 28.7-28.8% due to a more promotional environment [14] - Adjusted EPS guidance for 2024 was revised downward to $1.20-$1.30 from $1.50-$1.70 [15] Industry Comparison - Urban Outfitters, another player in the Retail - Apparel and Shoes industry, reported Q3 2024 revenues of $1.36 billion, a 6.3% year-over-year increase, with EPS of $1.10 compared to $0.88 a year ago [19] - Urban Outfitters is expected to post Q4 earnings of $0.87 per share, a 26.1% increase from the year-ago quarter, with a Zacks Rank 1 (Strong Buy) [20] Market Performance and Estimates - Foot Locker's shares gained 2.4% over the past month, outperforming the S&P 500 [1] - Consensus estimates for Foot Locker have trended downward, with a -23.26% revision over the past month [16] - The stock has a Zacks Rank 3 (Hold) and an aggregate VGM Score of B, with a strong Growth Score of A but a weak Momentum Score of F [17][18]

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: November 2, 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 (Stat ...

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Foot Locker, Inc. (FL) posted third-quarter fiscal 2024 results, with both bottom and top lines lagging the Zacks Consensus Estimate. The company’s revenues decreased and earnings increased from the year-ago quarter. The company saw positive comparable sales trends and gross margin expansion, but third-quarter performance fell short due to softened consumer spending after the Back-to-School period and a more promotional environment. Progress continued with the Lace Up Plan and partnerships, including the 'H ...

Foot Locker shares fell on Wednesday after the retailer severely missed Wall Street's quarterly earnings estimates and cut its full-year sales and earnings forecast.  The retailer's stock fell by as much as 16% during morning trading as the company reported that it incurred a loss of $33 million, or 34 cents per share, for the three-month period ending on Nov. 2. That's down significantly from the $28 million it reported in the same period a year ago. Total sales for the quarter slipped 1.4% to $1.96 billio ...

Foot Locker, Inc. (NYSE: FL ) operates 2450 footwear retail stores across 26 countries under the Foot Locker, Champs Sports, WSS, and atmos brands. In addition, the company has 214 licensed stores across the Middle East and Asia with the brands.I am an avid investor with a major focus on small cap companies with experience in investing in US, Canadian, and European markets. My investment philosophy to generating great returns on the stock market revolves around identifying mispriced securities by understand ...