Foot Locker delivered some positive surprises with its Q2 report, but the company also had some bad news for investors.Foot Locker (FL -10.61%) stock is falling in Wednesday's trading. The company's share price was down 12.3% as of 12:30 p.m. ET, according to data from S&P Global Market Intelligence.Foot Locker published second-quarter results before the market opened this morning and actually delivered results that beat Wall Street's expectations on most key fronts. But management paired the release with s ...

Foot Locker, Inc. (NYSE:FL) Q2 2024 Earnings Conference Call August 28, 2024 9:00 AM ET Company Participants Mary Dillon - President, Chief Executive Officer Frank Bracken - Executive Vice President, Chief Commercial Officer Mike Baughn - Executive Vice President, Chief Financial Officer Robert Higginbotham - Senior Vice President, Financial Planning & Analysis, Investor Relations, Treasurer Conference Call Participants Janine Stichter - BTIG Alex Conway - Baird Adrienne Yih - Barclays Paul Lejuez - Citi ...

Key TakeawaysFoot Locker posted sales growth of 1.9%, narrowly beating expectations.The company announced store closures in Asia and Europe.The company's 2024 guidance, including flat revenue at the midpoint, remained unchanged. Foot Locker (FL) shares took a dive Wednesday after the company’s second-quarter results underwhelmed investors. The sneaker retailer said revenue grew 1.9% year-over-year to $1.9 billion, just above the analyst consensus, per Visible Alpha. It posted a loss of 13 cents per share, ...

FOOT LOCKER, INC. 5ECOND QUARTER 2024 EARNINGS RESULTS AUGUST 28, 2024 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This investor presentation includes "toruard-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can identified by the fact that they do not relate strictly to historical or current facts. They often include words such as "believes," "extimates," "intends," "intends," "int "seeks," "continues," "feels," "forecasts," ...

Foot Locker, Inc. (FL) posted second-quarter fiscal 2024 results, with both the bottom and top lines surpassing the Zacks Consensus Estimate. Also, revenues were above while earnings were below the year-ago quarter's level. The company lowered its margin guidance due to heightened promotional pressure.However, in the second quarter, the Lace Up Plan demonstrated its effectiveness by driving a return to positive total and comparable sales growth, along with gross margin expansion. Strong top-line trends were ...

For the quarter ended July 2024, Foot Locker (FL) reported revenue of $1.9 billion, up 1.9% over the same period last year. EPS came in at -$0.05, compared to $0.04 in the year-ago quarter.The reported revenue represents a surprise of +0.89% over the Zacks Consensus Estimate of $1.88 billion. With the consensus EPS estimate being -$0.08, the EPS surprise was +37.50%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expecta ...

Shares of Abercrombie & Fitch Co (NYSE:ANF) and Foot Locker Inc (NYSE:FL) are gapping lower after the retailers' respective second-quarter earnings reports. Though the former beat top- and bottom-line estimates and lifted its current-quarter outlook, its CEO also warned of an "increasingly uncertain environment." Meanwhile, the latter shared a revenue miss.ANF was last seen down 14.8% to trade at $141.96, on track for its worst day since May 2022. Shares are also gapping back below their 40-day moving avera ...

Foot Locker (FL) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to earnings of $0.04 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 37.50%. A quarter ago, it was expected that this shoe store would post earnings of $0.12 per share when it actually produced earnings of $0.22, delivering a surprise of 83.33%.Over the last four quarters, the company has sur ...

Second Quarter Results 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 SECOND QUARTER 2024 FINANCIAL RESULTS; REAFFIRMS 2024 OUTLOOK; ANNOUNCES STRATEGIC UPDATES IN SUPPORT OF LACE UP PLAN ● Returned to Topline Growth with Total Sales Up 1.9% and Comparable Sales Up 2.6% ● Achieved Gross Margin Expansion of 50 Basis Points Year-over-Year ● Loss of $0.13 per Share and Non-GAAP Loss ...

A Foot Locker store near the Times Square neighborhood of New York, US, on Monday, Nov. 13, 2023.Foot Locker on Wednesday said comparable sales grew for the first time in six quarters as its efforts to refresh its stores and improve the customer experience continue to bear fruit. The beleaguered sneaker company's same-store sales grew 2.6% during its fiscal second quarter, far better than the 0.7% uptick that analysts had expected, according to StreetAccount. Its gross margin also expanded for the first tim ...