Foot Locker's Q4 Was Adequate, But Shares Are Cheap [Seeking Alpha]
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
Company Research
Source: Seeking Alpha
Summary Foot Locker posted Q4 results that were ultimately ok, though underwhelming. Likewise, guidance was just fine. Still, updated capital spending plans sound likely to create shareholder value. The company remains a well-run business with a first rate management team. The stock trades at a ridiculous 6.5x earnings in spite of being a shareholder friendly cash machine. Shares of Foot Locker ( FL Q4 Sales Drive a Record Year Q4 sales at Foot Locker declined 2% y/y on a foreign exchange neutral basis and 2.2% on a reported basis to $2.22 billion, with same-store sales down 1.6% y/y. Management blamed a few issues for the Q4 weakness, primarily blaming the compressed Q4 holiday season as well as a promotional marketplace and overall softer apparel market, as well as a tough comparison. Q4 comps jumped 9.7% in Q4’2018, so the two-year stacked comp of 8.1% looks relatively strong, in my view. Interestingly, the stores held-up better than digital, with store comps down only 1% versus a
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News
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- Adidas plots to swerve Samba slump [Yahoo! Finance]Yahoo! Finance
- Calumet City man sentenced to 4 years for bank fraud [Yahoo! Finance]Yahoo! Finance
- The Woman Behind the Kentucky Derby’s Most Coveted Hats [The New York Times]The New York Times
- FOOT LOCKER, INC. TO REPORT FIRST QUARTER FINANCIAL RESULTS ON THURSDAY, MAY 30PR Newswire
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