Foot Locker, Inc. (NYSE:FL) Q3 2024 Earnings Call Transcript December 4, 2024 9:00 AM ET Company Participants Robert Higginbotham - SVP, Corporate Finance, Investor Relations & Treasurer Mary Dillon - President & Chief Executive Officer Frank Bracken - Executive Vice President & Chief Commercial Officer Mike Baughn - Executive Vice President & Chief Financial Officer Conference Call Participants Tom Nikic - Needham Michael Binetti - Evercore ISI Janine Stichter - BTIG Kelly Crago - Citi Cristina Fernandez - ...

Foot Locker shares plunged 14.3% on Wednesday after the company reported earnings that missed estimates and slashed its yearly forecast on soft holiday demand – with the chief executive calling out Nike products in particular. Mary Dillon, the former Ulta Beauty boss who took over Foot Locker in 2022, blamed the earnings misses on soft demand for Nike sneakers and more promotions than expected across the industry.“There are definitely some brands that we’re seeing comp gains, and then, you know, we’re also ...

Foot Locker (FL) reported $1.96 billion in revenue for the quarter ended October 2024, representing a year-over-year decline of 1.4%. EPS of $0.33 for the same period compares to $0.30 a year ago.The reported revenue represents a surprise of -2.00% over the Zacks Consensus Estimate of $2 billion. With the consensus EPS estimate being $0.39, the EPS surprise was -15.38%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their ...

Foot Locker (FL) came out with quarterly earnings of $0.33 per share, missing the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.30 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -15.38%. A quarter ago, it was expected that this shoe store would post a loss of $0.08 per share when it actually produced a loss of $0.05, delivering a surprise of 37.50%.Over the last four quarters, the company has su ...

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 ...