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Foot Locker (FL)
NYSE:FL
Holding FL?
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Earnings Data
Report Date
Feb 21, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.72Last Year’s EPS
0.38Same Quarter Last Year
Based on 16 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 20, 2018
|% Change Since: -15.39%
|Next Earnings Date:Aug 24, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook with some positive developments in digital performance and strategic partnerships but was overshadowed by significant sales declines, gross margin pressure, and challenges within certain banners like Champs Sports and WSS.Company Guidance
During Foot Locker's third-quarter earnings call for fiscal year 2024, management provided guidance that reflected a narrowing of their full-year non-GAAP earnings per share (EPS) to a range of $1.30 to $1.40, down from the previous range of $1.30 to $1.50. The company anticipated a 53rd week in the fiscal year, contributing approximately $0.11 to the EPS, which was a revision from the earlier estimate of $0.15. For the fourth quarter, Foot Locker projected non-GAAP EPS between $0.26 and $0.36, with comparable sales expected to decline by 7% to 9%. Gross margins were forecasted to decrease by 290 to 310 basis points, settling in the range of 27.0% to 27.2%, while SG&A expenses were expected to deleverage by 40 to 70 basis points. Additionally, the company aimed to end the year with inventory levels flat to slightly down compared to last year, emphasizing promotional activity to manage inventory efficiently.Improvement in Digital Performance
Positive digital comps in October, driven by better conversion rates and strong digital marketing efforts, particularly in Foot Locker North America and Kids Foot Locker banners.
Successful Inventory Management
Strategic pull-forward of inventory ensured smooth product flows during the holiday season, with plans to end the year with inventory flat to slightly down versus last year.
Positive Response to Strategic Initiatives
The Lace Up plan showed early successes, including improved conversion levels, double-digit gains in new customer acquisition, and increased brand awareness.
Strong Performance in Kids Foot Locker
Kids Foot Locker reported a 5% increase in comps, driven by strong back-to-school performance and compelling assortments.
New Partnerships and Brand Initiatives
Foot Locker entered a new partnership with the NBA, enhancing brand exposure and customer engagement through various marketing and social media channels.
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FL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 04, 2024 | $24.17 | $22.02 | -8.90% |
| Aug 28, 2024 | $32.81 | $29.45 | -10.24% |
| May 30, 2024 | $22.52 | $25.89 | +14.96% |
| Mar 06, 2024 | $34.31 | $24.24 | -29.35% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Foot Locker (FL) report earnings?
Foot Locker (FL) is schdueled to report earning on Feb 21, 2025, TBA Not Confirmed.
What is Foot Locker (FL) earnings time?
Foot Locker (FL) earnings time is at Feb 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FL EPS forecast?
FL EPS forecast for the fiscal quarter 2024 (Q4) is 0.72.
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