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$21.67Last Dividend
$0.40Annual Revenue
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Dec 04, 2024Recent annual earnings:
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June 01, 1990Analyst ratings
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Foot Locker (FL) reported earnings 30 days ago. What's next for the stock?
We have just released a list of Jim Cramer's Hidden Gems, featuring 10 undervalued stocks you should be aware of. In this article, we will examine how Foot Locker, Inc. (NYSE:FL) compares to other undervalued stocks highlighted by Jim Cramer. As the year ends, Jim...
This Earnings Trends article focuses on Walmart, Target, and Foot Locker.
Foot Locker, Inc.'s Q3 2024 results missed guidance, leading to a 10% stock drop, and FY24 guidance was lowered due to margin pressures and increased SG&A. Positive comparable sales in North America and Europe, across banners, with footwear performing well. Gross margins improved by 230bps, but Nike's DTC promotions pressured margins; SG&A increased by 8%, negating gross margin gains.
Foot Locker down 6% on an earnings miss. It's our Chart of the Day.
FL posts Q3 earnings growth, but revenues fall short, leading to a lowered fiscal 2024 outlook due to softer demand and a more promotional environment.
Foot Locker's CEO blamed the earnings misses on soft demand for Nike sneakers and more promotions than expected across the industry.
Foot Locker cut its full-year sales and profit forecasts ahead of the holidays. Janine Stichter, BTIG managing director, consumer retail and lifestyle brands, says the sneaker seller is doing lots of things right, but it's suffering because demand for Nike shoes has been weak.
Foot Locker (FL) came out with quarterly earnings of $0.33 per share, missing the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.30 per share a year ago.
The company is dealing with “softer consumer demand outside of key selling periods,” as well as the need for more promotions.
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