Foot Locker(US:FL)2025-03-05 13:51Financial 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]