Core Insights - Foot Locker reported revenue of $2.25 billion for the quarter ended January 2025, a decrease of 5.7% year-over-year, and an EPS of $0.86, up from $0.38 in the same quarter last year [1] - The revenue fell short of the Zacks Consensus Estimate of $2.33 billion by 3.42%, while the EPS exceeded the consensus estimate of $0.73 by 17.81% [1] Financial Performance Metrics - Comparable store sales increased by 2.6%, surpassing the average estimate of 2% from six analysts [4] - Total number of owned stores at the end of the period was 2,410, slightly below the average estimate of 2,421 from three analysts [4] - Total gross square footage was reported at 12,751 Ksq ft, marginally lower than the estimated 12,759.37 Ksq ft [4] - The number of stores for Kids Foot Locker was 369, compared to the average estimate of 377 [4] - Foot Locker U.S. had 677 stores, slightly above the average estimate of 676 [4] - Foot Locker Europe had 608 stores, below the average estimate of 620 [4] - Sales were reported at $2.24 billion, lower than the average estimate of $2.34 billion from two analysts [4] - Licensing revenue was $5 million, exceeding the average estimate of $3.50 million from two analysts [4] Stock Performance - Foot Locker's shares have returned -9.4% over the past month, compared to a -4.1% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

Core Insights - Foot Locker Inc reported mixed fourth-quarter earnings, with adjusted earnings of 86 cents per share exceeding analyst expectations of 72 cents, while revenue of $2.24 billion fell short of the forecasted $2.32 billion, reflecting a 4.6% year-over-year decline excluding currency fluctuations [1] Financial Performance - The company experienced a 2.6% increase in comparable-store sales, indicating some resilience in its retail operations, although the fourth quarter of 2023 included an extra week, which affected year-over-year comparisons [2] - The stock price of Foot Locker rose by 10.1% to $19.21, after reaching an intraday high of $19.67, despite struggling in 2025 with a year-to-date decline of 12.1% and a year-over-year decline of 43.8% [2] Market Activity - Options traders are actively speculating on Foot Locker's stock movements, with a significant volume of 5,564 calls and 4,406 puts exchanged, which is seven times the average intraday volume, indicating heightened interest in the stock [3] - The most popular options contracts include the 3/7 20-strike call and the 17.50-strike put in the same weekly series [3]

Core Viewpoint - Foot Locker reported quarterly earnings of $0.86 per share, exceeding the Zacks Consensus Estimate of $0.73 per share, and showing significant growth from $0.38 per share a year ago, indicating a strong earnings surprise of 17.81% [1][2] Financial Performance - The company posted revenues of $2.25 billion for the quarter ended January 2025, which was 3.42% below the Zacks Consensus Estimate and a decline from $2.38 billion in the same quarter last year [2] - Over the last four quarters, Foot Locker has surpassed consensus EPS estimates three times but has only topped revenue estimates once [2] Stock Performance - Foot Locker shares have declined approximately 20.2% since the beginning of the year, contrasting with the S&P 500's decline of 1.8% [3] - The current Zacks Rank for Foot Locker is 4 (Sell), indicating expectations of underperformance in the near future [6] Earnings Outlook - The consensus EPS estimate for the upcoming quarter is $0.35 on revenues of $1.91 billion, while the estimate for the current fiscal year is $1.71 on revenues of $8.22 billion [7] - The trend of estimate revisions for Foot Locker has been unfavorable leading up to the earnings release [6] Industry Context - The Retail - Apparel and Shoes industry, to which Foot Locker belongs, is currently ranked in the top 26% of over 250 Zacks industries, suggesting a favorable industry outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Foot Locker's stock performance [5]

Financial Performance Highlights - Global Foot Locker/Kids Foot Locker comparable sales increased by 3.6%[11] - North America comparable sales increased by 2.6%[11] - EMEA comparable sales increased by 3.6%[11] - APAC comparable sales decreased by 7.6%[11] - Total sales decreased by 5.8% due to lapping last year's 53rd week[11] - Non-GAAP EPS was $0.86, reflecting a 50.86% year-over-year increase[11] Strategic Initiatives & Investments - The company is targeting $350 million in cumulative EBIT savings from cost optimization[34] - Capital expenditures are projected at $270 million, focusing on customer-facing investments[24] - Adjusted capital expenditures, including technology investments, are expected to be $300 million[24] - The company plans to open approximately 80 Reimagined doors in 2025, with an average capital expenditure of $1.0 to $1.2 million per door[36] Customer Engagement - Approximately 3.2 million new loyalty members were added in North America, representing a 295% year-over-year increase[42] - Loyalty members accounted for approximately 49% of 4Q24 sales in North America, up approximately 28 percentage points from the previous year[43]

Core Viewpoint - Foot Locker Inc. shares are declining towards an 18-month low despite improving sales and profitability, as the company provided cautious guidance due to economic uncertainties affecting consumer spending [1] Sales Performance - Comparable sales, which reflect sales from stores open for more than a year, have increased for the third consecutive quarter [1] - The company has implemented strategies to enhance in-store experiences, contributing to this sales growth [1] - Foot Locker expects to see another full year of growth in comparable sales [1]

Financial Performance - Total sales for Q4 2024 decreased by 5.8% to $2,243 million compared to $2,380 million in Q4 2023, with a foreign exchange impact leading to a 4.6% decrease when adjusted[4]. - Comparable sales increased by 2.6%, with global Foot Locker and Kids Foot Locker combined comparable sales growth of 3.6%[5]. - Net income from continuing operations was $55 million, a significant recovery from a net loss of $389 million in the prior-year period[11]. - Non-GAAP EPS for Q4 2024 was $0.86, compared to $0.38 in the corresponding prior-year period[11]. - In Q4 2024, the company reported a pre-tax income of $77 million, a significant improvement from a loss of $524 million in Q4 2023[25]. - Adjusted net income (non-GAAP) for Q4 2024 was $82 million, compared to $36 million in Q4 2023, reflecting a 127.8% increase[25]. - The company achieved earnings per share (EPS) of $0.51 in Q4 2024, recovering from a loss of $4.13 per share in Q4 2023[25]. - Net income for 2024 was $12 million, a significant improvement from a net loss of $330 million in 2023[35]. Sales and Store Operations - The full-year 2025 sales outlook is projected to change between -1.0% to +0.5%, with comparable sales expected to grow by 1.0% to 2.5%[13]. - The company completed 160 store refreshes in Q4, bringing the total to over 400 for the year[5]. - The company plans to close all stores in South Korea, Denmark, Norway, and Sweden as part of its strategy to improve international operations[26]. - Total store count as of February 3, 2024, was 2,523, with 26 new stores opened and 139 closed[37]. - Foot Locker U.S. selling square footage decreased from 2,401 thousand in February 2024 to 2,337 thousand in February 2025[37]. - Foot Locker Europe had a total of 637 stores as of February 3, 2024, with 10 new stores opened and 39 closed[37]. Financial Position - Cash and cash equivalents increased to $401 million as of February 1, 2025, up from $297 million a year earlier[33]. - Total liabilities decreased to $3.839 billion as of February 1, 2025, compared to $3.978 billion a year earlier[33]. - The company’s total shareholders' equity increased to $2.909 billion as of February 1, 2025, compared to $2.890 billion a year earlier[33]. - Net cash provided by operating activities increased to $345 million in 2024, compared to $91 million in 2023[35]. - Total cash, cash equivalents, and restricted cash at the end of the period increased to $430 million from $334 million in the previous year[35]. Capital Expenditures and Investments - The company plans to focus on customer-facing investments, with capital expenditures estimated at $270 million for 2025[13]. - Capital expenditures for 2024 were $240 million, slightly down from $242 million in 2023[35]. - Net cash used in investing activities was $240 million in 2024, compared to $222 million in 2023[35]. - The company recorded a $35 million impairment charge related to a minority investment during fiscal year 2024[29]. - The company reported a fair value adjustment loss of $35 million on minority investments in 2024, compared to a loss of $478 million in 2023[35]. Inventory and Merchandise - Merchandise inventories increased by 1.1% year-over-year to $1,525 million, with a 2.5% increase when excluding foreign currency fluctuations[8]. - For fiscal year 2024, the company incurred $32 million in impairment charges related to underperforming stores and $26 million in reorganization costs for headquarters relocation[27].

Core Viewpoint - Foot Locker anticipates continued deep discounts in the sneaker industry as Nike, its largest brand partner, works through inventory challenges, impacting Foot Locker's sales and profit expectations for fiscal 2025 [1][6]. Financial Performance - Foot Locker reported a net income of $49 million, or 51 cents per share, for the fiscal fourth quarter, a significant improvement from a loss of $389 million, or $4.13 per share, a year earlier [3]. - Sales for the quarter decreased to $2.25 billion, down nearly 6% from $2.38 billion a year prior, influenced by an extra week of sales in the previous year [4]. - Adjusted earnings per share for the current fiscal year are expected to be between $1.35 and $1.65, falling short of Wall Street's estimate of $1.77 [5]. Sales Expectations - Foot Locker anticipates comparable sales growth of 1% to 2.5%, with the high end exceeding analysts' expectations of 1.9% [5]. - The company expects promotional pressures to continue affecting margins, particularly in the first half of 2025 [6]. Brand Partnership Challenges - Foot Locker's performance is closely tied to Nike, which represents about 60% of its sales. Nike's current strategy involves deep discounting to clear out old inventory, which negatively impacts Foot Locker's business [6][7]. - There is a disparity in pricing strategies, as Nike offers discounts on its website while Foot Locker maintains full prices for certain models, potentially driving customers to purchase directly from Nike [8][9].

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]