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Shares of Foot Locker Inc FL were heading south in early trading on Thursday, after the company reported downbeat fourth-quarter sales.
Foot Locker's quarterly results missed Wall Street's expectations as total sales decreased due to Gen Alpha and Gen Z's "cautious" spending habits.
A common theme in recent earnings calls involving The Home Depot, Lowe's and Target has been the “cautious consumer” as shoppers are becoming more selective about their spending, often waiting for the right moment to make a purchase rather than buying impulsively.
Foot Locker's fiscal fourth-quarter results reflect lower y/y revenues. The gross margin expands 300 bps to 29.6% in the quarter.
Foot Locker, Inc. (NYSE:FL ) Q4 2024 Earnings Conference Call March 5, 2025 8:00 AM ET Company Participants Robert Higginbotham - SVP, Corporate Finance, IR, and Treasurer Mary Dillon - President and CEO Frank Bracken - EVP and CCO Mike Baughn - EVP and CFO Conference Call Participants Anna Andreeva - Piper Sandler Adrienne Yih - Barclays Michael Binetti - Evercore ISI Janine Stichter - BTIG Jay Sole - UBS Operator [Abrupt Start] Please note that this conference is being recorded. I will now turn the call over to Mr.
Shares of shoe retailer Foot Locker (FL 8.38%) soared on Wednesday after the company reported financial results for its fiscal fourth quarter of 2024, ended Feb. 1, 2025. As of 10:15 a.m.
Although the revenue and EPS for Foot Locker (FL) give a sense of how its business performed in the quarter ended January 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Foot Locker Inc (NYSE:FL) delivered a mixed fourth-quarter earnings report, with higher-than-expected adjusted earnings of 86 cents per share surpassing analyst expectations of 72 cents, according to FactSet.
Foot Locker (FL) came out with quarterly earnings of $0.86 per share, beating the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.38 per share a year ago.
Foot Locker's stock tripped up by downbeat full-year outlook, which offset continued sales improvements.