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Foot Locker is relocating its headquarters to Florida, the footwear retailer announced on Wednesday. Its corporate presence in New York City will be "limited" in the future.
NEW YORK , Aug. 28, 2024 /PRNewswire/ -- Foot Locker, Inc. (NYSE: FL), today announced that Mary Dillon, President and Chief Executive Officer, Frank Bracken, Executive Vice President and Chief Commercial Officer, and Mike Baughn, Executive Vice President and Chief Financial Officer, will participate in a fireside chat at the Goldman Sachs 31st Annual Global Retailing Conference on Wednesday, September 4 at 2:35 p.m. ET. The event will be webcast and can be accessed live at Foot Locker Inc.'s Investor Relations website at investors.footlocker-inc.com.
Foot Locker, Inc. FL shares are diving today after it released second-quarter results.
Foot Locker's sales and earnings in Q2 beat Wall Street's expectations. The company's earnings guidance range also beat the average analyst estimate.
U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling over 1% on Wednesday.
Foot Locker, Inc. (NYSE:FL ) Q2 2024 Earnings Conference Call August 28, 2024 9:00 AM ET Company Participants Mary Dillon - President, Chief Executive Officer Frank Bracken - Executive Vice President, Chief Commercial Officer Mike Baughn - Executive Vice President, Chief Financial Officer Robert Higginbotham - Senior Vice President, Financial Planning & Analysis, Investor Relations, Treasurer Conference Call Participants Janine Stichter - BTIG Alex Conway - Baird Adrienne Yih - Barclays Paul Lejuez - Citi Michael Binetti - Evercore ISI Anna Andreeva - Piper Sandler Operator Good morning! And welcome to Foot Locker's Second Quarter 2024 Financial Results Conference Call.
Foot Locker (FL) shares took a dive Wednesday after the company's second-quarter results underwhelmed investors.
Although the revenue and EPS for Foot Locker (FL) give a sense of how its business performed in the quarter ended July 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Foot Locker reports a second-quarter adjusted loss of 5 cents a share, narrower than estimates that called for a loss of 7 cents.
Foot Locker beat Wall Street's estimates on the top and bottom lines as it posted comparable sales growth for the first time in six quarters. The sneaker company also saw its gross margin expand for the first time in more than two years.