Foot Locker results show the sneaker industry — and Nike — still have more pain ahead
Foot Locker delivered mixed holiday results and warned that profits will be under pressure in the year ahead. Its largest brand partner, Nike, is using discounts to clear out stale inventory, which is impacting Foot Locker's performance.
Foot Locker (FL) Q4 Earnings Preview: What You Should Know Beyond the Headline Estimates
Get a deeper insight into the potential performance of Foot Locker (FL) for the quarter ended January 2025 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Why Is Foot Locker (FL) Up 2.4% Since Last Earnings Report?
Foot Locker (FL) reported earnings 30 days ago. What's next for the stock?
Foot Locker's Q3: Not That Bad Though The Market Was Spooked, Still A Hold
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.
How Nike weakness led to a sour quarter for Foot Locker
Shares of Foot Locker (FL) are falling on Wednesday as slowing consumer demand and an elevated promotional environment weigh on sales and gross margin expansion. Wealth's Brad Smith speaks to Cristina Fernandez, managing director and senior research analyst at the Telsey Advisory Group, about her key takeaways from these results.
Chart of the Day: Foot Locker
Foot Locker down 6% on an earnings miss. It's our Chart of the Day.
Foot Locker Q3 Earnings Miss Expectations, 2024 View Down
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 shares sink after weak quarterly results
Foot Locker shares sank on Wednesday after the sports retail company lowered its full-year sales and earnings outlook. Total sales for the quarter slipped 1.4% to $1.96 billion.
Foot Locker Q3: No Recovery In Sight
Foot Locker, Inc.'s Q3 performance missed expectations with a turnaround failing to materialize, and the lowered FY2024 guidance suggests similar trends in Q4. The company's Lace Up Plan hasn't yielded wanted results despite notable store footprint rationalization, as Foot Locker's retail brands and Nike sales are weakening. Despite the stock's crash, I estimate FL stock's valuation to remain too high due to the poor outlook. I estimate 37% downside to a fair value of $12.56.
Foot Locker, Inc. (FL) Q3 2024 Earnings Call Transcript
Foot Locker, Inc. (NYSE:FL ) Q3 2024 Earnings Call Transcript December 4, 2024 9:00 AM ET Company Participants Robert Higginbotham - SVP, Corporate Finance, Investor Relations & Treasurer Mary Dillon - President & Chief Executive Officer Frank Bracken - Executive Vice President & Chief Commercial Officer Mike Baughn - Executive Vice President & Chief Financial Officer Conference Call Participants Tom Nikic - Needham Michael Binetti - Evercore ISI Janine Stichter - BTIG Kelly Crago - Citi Cristina Fernandez - Telsey Advisory Group Eric Cohen - Gordon Haskett Operator Good morning, and welcome to Foot Locker's Third Quarter 2024 Financial Results Conference Call. At this time, all participants are in a listen-only mode.
Foot Locker shares plunge 14% on soft holiday demand — especially for Nike products
Foot Locker's CEO blamed the earnings misses on soft demand for Nike sneakers and more promotions than expected across the industry.
Foot Locker Stock Stumbles on Surprise Loss, Slashed Guidance
Foot Locker (FL) shares tumbled after the company posted an unexpected third-quarter loss and cut its full-year outlook before the market opened Wednesday.
