Foot Locker beats big on earnings [MSN Money]
Foot Locker, Inc. (FL)
Last foot locker, inc. earnings: 2/28 06:45 am
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US:NYSE Investor Relations:
footlocker-inc.com/investors.cfm?page=investor-relations
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Source: MSN Money
© AP/Bennett Raglin Foot Locker posted first-quarter results Friday morning that easily beat Wall Street estimates, sending shares up more than 15% in premarket trading. Load Error The sneaker retailer earned an adjusted $1.45 a share on revenue of $2.03 billion. Those numbers were ahead of the $1.25 and $1.96 billion that analysts surveyed by Bloomberg were expecting. While comparable sales slide 2.8%, that was better than the 3.6% drop that was anticipated. Foot Locker says its gross margin rate fell to 32.9% from 34% a year ago as general expenses increased while it built out its digital operations. The flow of premium product continues to improve, with increasing breadth and depth in the most sought after styles from our key vendors, Foot Locker's chairman and CEO, Richard Johnson, said in the earnings release. This led to first-quarter results which were above our expectations. With the strength of our strategic vendor partnerships and our
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News
- Foot Locker debuts 'store of the future' as it looks to win back Wall Street's confidence [MSNBC.com]MSNBC.com
- Inside Foot Locker's ‘Store of the Future' Model Guiding the Chain's New Retail Identity [Yahoo! Finance]Yahoo! Finance
- FOOT LOCKER UNVEILS NEW REINVENTED GLOBAL STORE CONCEPT [Yahoo! Finance]Yahoo! Finance
- FOOT LOCKER UNVEILS NEW REINVENTED GLOBAL STORE CONCEPTPR Newswire
- Why JD Sports' Hibbett Acquisition Could Present Fresh Challenges for Foot Locker [Yahoo! Finance]Yahoo! Finance
FL
Earnings
- 3/6/24 - Beat
FL
Sec Filings
- 4/11/24 - Form ARS
- 4/11/24 - Form DEFA14A
- 4/11/24 - Form DEF
- FL's page on the SEC website