Foot Locker Inc
- Foot Locker Inc. gained 0.5% to $18.35 after the footwear and apparel retailer reported weaker-than-expected sales in the fourth quarter of 2024.
Sales decreased to $2.24 billion from $2.38 billion, net income swung to a profit of $49 million from a loss of $389 million, and earnings per diluted share rose to a profit of 57 cents from a loss of $4.13 a year ago.
Sales in the 53rd week in 2023 were $98 million.
Overall comparable sales, including all banners and geographies, increased by 2.6%, and North America comparable same-store sales advanced 3.6%.
Champs Sports delivered its second consecutive quarter of comparable sales growth, with gains of 1.8%.
Foot Locker completed 160 store refreshes in the fourth quarter, bringing the total to over 400 for the year.
The company guided for fiscal 2025 sales growth between -1% and 0.5%, comparable sales change between 1% and 2.5%, and non-GAAP earnings per share between $1.35 and $1.65, compared to $1.37 in 2024.
Mar 6, 2025 - Foot Locker dropped 19% to $19.71 after the athletic footwear retailer reported third quarter revenue of $1.96 billion and diluted earnings per share of 33 cents.
Dollar Tree jumped 3.6% to $75.09 after the deep discount retailer reported better-than-expected revenue and earnings in the third quarter.
Revenue increased to $7.56 billion, and diluted earnings per share advanced to $1.12.
Dec 4, 2024 - Nike Inc. dropped 12.7% to $106.90 after the athletic shoe and sportswear maker lowered its annual sales growth outlook.
Revenue in the fiscal second quarter ending in November increased 1% to $13.4 billion from $13.3 billion, net income advanced $1.6 billion from $1.3 billion, and diluted earnings per share rose to $1.03 from 85 cents a year ago.
Inventories declined 14% from a year ago to $8.0 billion, reflecting a decrease in units and a sharp reversal from elevated inventories a year ago after the company discounted heavily old-style products to make way for new merchandise.
The company repurchased 11.9 million shares for $1.2 billion as a part of its $18 billion stock repurchase program for four years, starting in June 2022.
As of the end of November, the company had repurchased 65.9 million shares for $7.1 billion.
The company also announced its plan to cut $2 billion in costs over the next three years.
Foot Locker, the retailer that relies heavily on Nike products, dropped 8.9% to $29.49 after the announcement of the Nike results.
Dec 22, 2023 - Foot Locker jumped 8.5% to $25.85 after the specialty athletic retailer reported better-than-expected quarterly results.
Revenue in the fiscal third quarter ending in October declined 8.6% to $1.99 billion from $2.17 billion, and comparable store sales fell 8.0%.
The company attributed the decline in sales to "ongoing consumer softness," and the closure of Champ stores negatively impacted same-store sales by 3 percentage points.
Net income in the quarter decreased to $28 million from $96 million, and diluted earnings per share dropped to 30 cents from $1.01 a year ago.
The retailer tightened its full-year revenue growth estimate to between 8.0% and 8.5% from the previous guidance between 8.0% and 9.0%, and comparable sales growth to range between 8.0% and 8.5% from 8.0% to 9.0%.
The company entered into a long-term licensing agreement with two retailers in India and will commence sales operations in 2024.
During the third quarter, the company paid a quarterly dividend of $0.40 per share for a total of $38 million and did not repurchase any shares.
Nov 29, 2023 - Foot Locker Inc plunged 29.7% to $16.71 after the specialty retailer reported sales declined almost 10% from a year ago and the company also suspended its quarterly dividend.
Aug 23, 2023
| Year | May | Aug | Nov | Feb | Annual | |
|---|---|---|---|---|---|---|
| 2023 | 0.21 | 0.38 | -0.05 | 0.30 | - | |
| 2022 | 1.07 | 1.37 | 0.99 | 1.01 | 3.58 | |
| 2021 | 1.19 | 1.93 | 4.09 | 1.52 | 8.61 | |
| 2020 | 1.27 | -1.06 | 0.43 | 2.52 | 3.08 | |
| 2019 | 1.39 | 1.52 | 0.55 | 1.16 | 4.5 | |
| 2018 | -0.34 | 1.38 | 0.75 | 1.14 | 4.66 | |
| 2017 | 1.37 | 1.36 | 0.62 | 0.87 | 4.22 | |
| 2016 | 1.16 | 1.39 | 0.94 | 1.13 | 4.62 | |
| 2015 | 1 | 1.29 | 0.84 | 1 | 4.13 | |
| 2014 | 1.10 | 0.63 | 0.82 | 0.81 | 2.85 | |
| 2013 | 0.90 | 0.44 | 0.70 | 0.67 | 2.58 | |
| 2012 | 0.83 | 0.39 | 0.69 | 0.53 | 1.8 | |
| 2011 | 0.60 | 0.24 | 0.43 | 0.36 | 1.07 | |
| 2010 | 0.34 | 0.04 | 0.33 | 0.14 | 0.3 | |
| 2009 | 0.20 | 0.00 | -0.04 | -0.81 | -0.52 | |
| 2008 | 0.02 | 0.11 | 0.16 | 0.52 | 0.29 | |
| 2007 | 0.11 | -0.12 | -0.22 | 0.71 | 1.6 | |
| 2006 | 0.38 | 0.09 | 0.42 | 0.61 | 1.68 | |
| 2005 | 0.37 | 0.28 | 0.42 | 0.57 | 1.88 |