Key PointsThe retail industry could soon see a rebound on a coming up on potential Federal Reserve interest rate cuts.Within the peer group, it is clear that Foot Locker is the most discounted stock, opening the way for a bargain hunt.Analysts understand there is much more upside to be had, and markets have yet to wake up to that fact.5 stocks we like better than Foot LockerThe market has now gone through a complete cycle in record time. From 2020 to today, it seems that interest rates and the underlying bu ...

Analysts on Wall Street project that Foot Locker (FL) will announce quarterly earnings of $0.34 per share in its forthcoming report, representing a decline of 65% year over year. Revenues are projected to reach $2.29 billion, declining 2.2% from the same quarter last year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.7% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Foot Locker (FL) reports results for the quarter ended January 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on March 6, 2024, might help the stock move higher if these key numbers are better than expectat ...

Steve Russell/Toronto Star via Getty Images Investment Thesis Foot Locker (NYSE:FL) is a shoe and sportswear retailer. The current consumer spending downturn has hammered Foot Locker's share price, falling almost 40% over the trailing twelve months. Foot Locker has embarked on a strategic shift in the meantime. Through a pivot toward off-mall "new format" stores, more partnerships, and an expansion into Asia, Foot Locker hopes to establish brand loyalty and appeal to broader consumers. Additionally, Nik ...

Foot Locker, Nike and Jordan Brand Invest in Year-Long Program Driving Basketball Culture with Major Athletes, Live Events, and More NEW YORK, Feb. 15, 2024 /PRNewswire/ -- Today, global retailer Foot Locker, part of Foot Locker, Inc. (NYSE:FL), announced The Clinic, a year-long program with Nike and Jordan Brand, bringing the best of the court and culture to basketball fans, sneaker enthusiasts, and local communities. The Clinic is a first-of-its-kind partnership between Foot Locker, Nike and Jordan Brand. ...

NEW YORK, Feb. 7, 2024 /PRNewswire/ -- Foot Locker, Inc. (NYSE: FL), the New York-based specialty athletic retailer, plans to report financial results for its fourth quarter ended February 3, 2024, before the U.S. markets open on Wednesday, March 6, 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 footlock ...

Justin Sullivan Investment overview I give Foot Locker (NYSE:FL) a buy rating as I expect FL to see growth recovery over the next 2 years as the macro conditions turn better. The problem is timing the purchase because I expect 4Q23 to be weak, and the exact timing of growth recovery is hard to call out at this point. The less risky investment move here is probably to buy a small amount and size up accordingly when FL reports better growth and demand conditions. Business description FL is a major retailer th ...

Foot Locker, Inc. (FL) emphasized its strategic ‘Lace Up’ plan, focusing on enhancing the omnichannel experience, expanding sneaker culture, transforming its portfolio and deepening customer relationships.This initiative is a critical component of the company's strategy to simplify business operations and establish itself as a leading omnichannel retailer in the sneaker and sneaker culture markets. The plan also includes expanding the new store formats to represent 20% of the global square footage by fiscal ...

A shopper leaves a Nike store along the Magnificent Mile shopping district in Chicago with a purchase on Dec. 21, 2022.Nike shares plunged Friday after the athletic apparel maker cut its revenue outlook for the fiscal year, with sneaker retailer Foot Locker also feeling the blow.The stock was down more than 11% in premarket trading Friday. Foot Locker, which relies heavily on Nike products in its stores, was down over 7%.Nike said in its earnings report Thursday that the company now expects its revenue to g ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: October 28, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 1-10299 (Exact name of registrant as specified in its charter) New York 13-3513936 (State or other jurisdi ...