Shares of Foot Locker (FL -29.35%) plunged 29.4% on Wednesday after the company announced a large loss based on generally accepted accounting principles (GAAP) for the crucial holiday quarter and followed with weak forward guidance.Foot Locker's latest quarter was actually better-than-expectedFor its fiscal fourth quarter 2023 ended Feb. 3, 2024, Foot Locker's total sales grew 2% year over year -- though comparable sales fell 0.7% after accounting for an extra week in the fiscal year -- to $2.334 billion. T ...

Foot Locker Inc. (NYSE:FL) Q4 2023 Results Conference Call March 6, 2024 9:00 AM ET Company Participants Robert Higginbotham - SVP, FP&A, IR, and Treasurer Mary Dillon - President, CEO Frank Bracken - EVP, CCO Mike Baughn - EVP, CFO Conference Call Participants Bob Drbul - Guggenheim Michael Binetti - Evercore ISI Cristina Fernandez - TAG Janine Stichter - BTIG Alex Straton - Morgan Stanley Jonathan Komp - Baird Abbie Zvejnieks - Piper Sandler Operator Good morning, and welcome to Foot Locker's Fourth Quart ...

Shares of shoe retailer Foot Locker (FL -28.13%) went up 22.3% during February, according to data provided by S&P Global Market Intelligence. It was a mostly quiet month for the company, but there was some vague chatter of interest from activist investors. And indeed, this is the kind of situation that would likely appeal to them.Generally speaking, activist investors believe a company is undervalued or not living up to its potential due to mismanagement. So, they buy large stakes in the business to influen ...

Foot Locker (FL) reported $2.38 billion in revenue for the quarter ended January 2024, representing a year-over-year increase of 2%. EPS of $0.38 for the same period compares to $0.97 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.29 billion, representing a surprise of +3.90%. The company delivered an EPS surprise of +11.76%, with the consensus EPS estimate being $0.34.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how ...

Foot Locker (FL) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.97 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 11.76%. A quarter ago, it was expected that this shoe store would post earnings of $0.23 per share when it actually produced earnings of $0.30, delivering a surprise of 30.43%.Over the last four quarters, the company has ...

Foot Locker Inc (NYSE: FL) is down about 8.0% in premarket on Wednesday even though it posted an upbeat Q4 earnings report.Copy link to sectionInvestors are concerned because $FL disappointed in terms of profit guidance. The footwear retail stores company now forecasts its per-share earnings to fall between $1.50 and $1.70 this year. Analysts, in comparison, were at $1.86 a share. Plus, Mike Baughn – chief financial officer of Foot Locker said in the earnings press release today:Given our lower starting po ...

The Foot Locker logo is displayed in a store on May 19, 2023 in San Francisco, California.Shares of Foot Locker fell in premarket trading Wednesday after the sneaker retailer reported a holiday-quarter loss and issued weak guidance for the current year.Here's how the company did in its fourth fiscal quarter, compared with estimates from analysts surveyed by LSEG, formerly known as Refinitiv:Earnings per share: 38 cents adjusted vs. 32 cents expectedRevenue: $2.38 billion vs. $2.28 billion expectedThe compan ...

Total Sales Increased 2.0%; Comparable Sales Decreased 0.7% Foot Locker and Kids Foot Locker North America Comparable Sales Increased +5.2% EPS Loss of $4.13 and Non-GAAP EPS Income of $0.38 Inventory Decreased 8.2% Year-over-Year Anticipates Return to Positive Comparable Sales Growth and EBIT Margin Expansion in 2024 2024 Non-GAAP EPS Guidance of $1.50-$1.70 including a Non-Recurring Charge of $0.10 Provides Update on Timing to Achieve Lace Up Plan Financial Targets NEW YORK, March 6, 2024 /PRNewswire/ ...

Foot Locker Inc (NYSE:FL) will report earnings before the open tomorrow, Mar. 6. Ahead of the event, FL is up 1.5% at $34.41, with recent pressure at the $35 mark keeping a cap on gains. The stock has a tendency to make large post-earnings swings though, so depending on which direction it goes after tomorrow's results, it could make a break past that level. Foot Locker stock experienced a 16.1% move higher after the retailer's November report, and has since continued to rise, up 10.7% since the start of the ...

Exhibit 99.1 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 FOURTH QUARTER 2023 RESULTS; ISSUES 2024 OUTLOOK ● Total Sales Increased 2.0%; Comparable Sales Decreased 0.7% ● Foot Locker and Kids Foot Locker North America Comparable Sales Increased +5.2% ● EPS Loss of $4.13 and Non-GAAP EPS Income of $0.38 ● Inventory Decreased 8.2% Year-over-Year ● Anticipates Return to Positive C ...