Foot Locker (FL) came out with quarterly earnings of $0.22 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.70 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 83.33%. A quarter ago, it was expected that this shoe store would post earnings of $0.34 per share when it actually produced earnings of $0.38, delivering a surprise of 11.76%.Over the last four quarters, the company has ...

Exhibit 99.1 | --- | --- | --- | --- | |-------|-------|-------|----------------------------------------------------------| | | | | | | | | | Investor Relations ir@footlocker.com | | | | | Dana Yacyk | | | | | Corporate Communications mediarelations@footlocker.com | FOOT LOCKER, INC. REPORTS FIRST QUARTER 2024 FINANCIAL RESULTS; REAFFIRMS 2024 OUTLOOK ● Total Sales Decreased 2.8%; Comparable Sales Decreased 1.8% ● Global Foot Locker and Kids Foot Locker Comparable Sales Increased 1.1% ● EPS of $0.09 and Non ...

A Foot Locker store in New York, US, on Monday, May 27, 2024. Foot Locker Inc. is scheduled to release earnings figures on May 30.Foot Locker's turnaround is starting to bear some fruit. The sneaker giant saw comparable sales decline 1.8% during its fiscal first quarter, far better than the 3.1% drop off that analysts had expected, according to StreetAccount. It also reaffirmed its fiscal year guidance, which projects sales to be in a range of a 1% decline to a 1% gain, compared to a decline of 0.6% that an ...

Total Sales Decreased 2.8%; Comparable Sales Decreased 1.8% Global Foot Locker and Kids Foot Locker Comparable Sales Increased 1.1% EPS of $0.09 and Non-GAAP EPS of $0.22 Inventory Decreased 5.6% Year-over-Year Reaffirms First-Half and Full-Year 2024 Non-GAAP EPS Outlook NEW YORK, May 30, 2024 /PRNewswire/ -- Foot Locker, Inc. (NYSE: FL), the New York-based specialty athletic retailer, today reported financial results for its first quarter ended May 4, 2024. Mary Dillon, President and Chief Executive Off ...

Analysts on Wall Street project that Foot Locker (FL) will announce quarterly earnings of $0.12 per share in its forthcoming report, representing a decline of 82.9% year over year. Revenues are projected to reach $1.89 billion, declining 2.3% from the same quarter last year.The current level reflects a downward revision of 414.3% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections o ...

The market expects Foot Locker (FL) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended April 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on May 30, 2024, might help the stock move higher if these key numbers are better ...

NEW YORK, April 30, 2024 /PRNewswire/ -- Foot Locker, Inc. (NYSE: FL), the New York-based specialty athletic retailer, plans to report financial results for its first quarter ended May 4, 2024, before the U.S. markets open on Thursday, May 30, 2024. A conference call is scheduled for the same day at 9:00 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 ...

The Sneaker Hub is part of the new concept Foot Locker at Wayne, NJFoot Locker In the world of sports they often say no pain, no gain. The same might be said of Foot Locker Foot Locker , which unveiled the first fruits of its ambitions in New Jersey this week, despite investors being wary about its capex program and its ongoing struggles with margins.Foot Locker unveiled a new retail concept at its Willowbrook Mall location in Wayne, New Jersey that delivers “an elevated shopping experience and unrivaled cu ...

Foot Locker has unveiled its “store of the future” in Wayne, New Jersey.This new retail format will inform the footwear and apparel retailer’s global refresh, as information gleaned from it will be incorporated into new stores, Foot Locker said in a Wednesday (April 24) press release.“Our new store concept cements Foot Locker’s position as the leader in sneaker culture by offering an engaging, cutting-edge shopping experience for the sneaker passionate,” Mary Dillon, president and CEO at Foot Locker, said i ...

Store Revamp Strategy - Foot Locker is launching a new store concept called "store of the future" to reverse sales decline and attract customers with a more immersive layout, including a "drop zone" for new sneaker releases, communal try-on areas, and elevated brand displays [1] - The company plans to open five "store of the future" locations in 2024, including in New York City, Paris, Melbourne, and Delhi, as part of its "Lace Up" strategy [3] - Foot Locker spent $242 million in fiscal 2023 on remodeling and building new stores, with plans to spend an additional $200 million on real estate projects in 2024 [4] - The retailer aims to redesign 900 stores between 2024 and 2025, with about 100 stores refreshed each quarter, aligning with the new store concept [4] Brand Partnerships and Competitive Landscape - Foot Locker faces competition from its own brand partners, such as Nike and Adidas, which have expanded their direct-to-consumer channels, reducing reliance on wholesalers [6] - The company is working closely with brand partners to enhance digital storytelling and product merchandising, which are central to the new store designs [7] - Nike's recent acknowledgment of over-reliance on direct sales and renewed focus on wholesale partnerships has provided Foot Locker with stronger support from its brand partners [7][8] Financial and Market Performance - Foot Locker's stock price has declined by approximately 29% year-to-date, compared to the S&P 500's gain of over 6%, reflecting ongoing sales challenges [6] - Approximately 80% of Foot Locker's revenue comes from its 2,500+ physical stores, highlighting the importance of store revitalization efforts [3] Uniform and Employee Experience - Foot Locker is modernizing its iconic Striper uniform to offer a more personalized and stylish fit for employees, reflecting attention to detail in its brand refresh [2]