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Foot Locker CEO Mary Dillon joins 'Squawk Box' to discuss the company's quarterly earnings results, which posted better-than-expected comparable sales and upbeat outlook, state of the company's turnaround plan, strength of the consumer, and more.

Foot Locker (FL) came out with quarterly earnings of $0.22 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.70 per share a year ago.

CNBC's Becky Quick reports on the company's quarterly earnings results.

Foot Locker Inc (NYSE: FL) is up 15% in premarket on Thursday after reporting better-than-expected earnings for its fiscal Q1. Foot Locker stock gains on reaffirmed outlook Investors are cheering also because the management reiterated its guidance signalling the turnaround is finally starting to yield results.

The athletic-footwear retailer posts adjusted earnings of 22 cents share, beating Wall Street estimates of 12 cents.

Shares of Foot Locker Inc. FL, -2.17% sprinted 7.9% higher in premarket trading Thursday, after the athletic shoe and accessories retailer reported fiscal first-quarter profit that beat expectations by a wide margin, while sales fell a bit short. Net income for the quarter to May 4 fell to $8 million, or 9 cents a share, from $36 million, or 38 cents a share, in the same period a year ago.

Foot Locker posted better-than-expected comparable sales as CEO Mary Dillon's turnaround plan begins to bear fruit. The former Ulta boss said average selling prices increased during the quarter, proving that consumers are willing to pay full price, for the right product.

Total Sales Decreased 2.8%; Comparable Sales Decreased 1.8% Global Foot Locker and Kids Foot Locker Comparable Sales Increased 1.1% EPS of $0.09 and Non-GAAP EPS of $0.22 Inventory Decreased 5.6% Year-over-Year Reaffirms First-Half and Full-Year 2024 Non-GAAP EPS Outlook NEW YORK , May 30, 2024 /PRNewswire/ -- Foot Locker, Inc. (NYSE: FL), the New York-based specialty athletic retailer, today reported financial results for its first quarter ended May 4, 2024. Mary Dillon, President and Chief Executive Officer, said, "We had a solid start to the year, which demonstrates that our Lace Up Plan is working.

Beyond analysts' top -and-bottom-line estimates for Foot Locker (FL), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended April 2024.

Foot Locker (FL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.