Foot Locker Inc is a leading global retailer specializing in athletic footwear and apparel
The company operates a wide range of stores, including its flagship Foot Locker brand, as well as Champs Sports, Eastbay, and Footaction, catering to diverse customer preferences. Foot Locker offers an extensive selection of products from top athletic brands, and its stores are designed to create an engaging shopping experience for sports enthusiasts and casual shoppers alike. With a strong emphasis on community involvement and promoting an active lifestyle, Foot Locker also maintains a robust online presence, providing customers with convenient access to the latest trends in sports fashion.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the footwear retailer industry, including Shoe Carnival (NASDAQSCVL) and its peers.
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Nike Inc (NYSENKE) ended 2023 by reporting declining revenue and profit despite beating both top and bottom line estimates with its latest quarter results. Fiscal second quarter highlights
Shares of footwear and apparel retailer Foot Locker (NYSEFL)
fell 7.3% in the pre-market session after the major indices tumbled (Nasdaq down 1.9%, S&P 500 down 1.7%), marking a volatile ending to an otherwise good year for stocks. This marks the second straight day of broad-based declines with similar downturns (Nasdaq down 1.5%, S&P 500 down 1.1%) recorded on the previous trading day, Friday, December 27, 2024. This suggests that perhaps investors are locking in gains and positioning portfolios for 2025.
Over the last six months, Foot Locker’s shares have sunk to $22.41, producing a disappointing 15.9% loss - a stark contrast to the S&P 500’s 9.3% gain. This was partly driven by its softer quarterly results and might have investors contemplating their next move.
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Nike (NKE) to report Q2 earnings on Thursday. Wall Street expects 64 cents EPS and $12.13 billion revenues. Stock down 37.30% over past year, but analysts see 17% upside potential.
Shares of footwear and apparel retailer Foot Locker (NYSEFL)
fell 17.3% in the pre-market session after the company reported disappointing third-quarter results: Revenue and EPS in the quarter fell below Wall Street's expectations. The company observed softer consumer spending trends following the peak Back-to-School period in August. Compounding the issue, a more aggressive promotional environment likely weakened its pricing power, adding pressure to margins. Its full-year EPS guidance also missed significantly. Overall, this was a weaker quarter.
Footwear and apparel retailer Foot Locker (NYSEFL) missed Wall Street’s revenue expectations in Q3 CY2024, with sales falling 1.4% year on year to $1.96 billion. Its non-GAAP profit of $0.33 per share was 18.4% below analysts’ consensus estimates.
Foot Locker, Inc (NYSEFL) stock tumbled in the premarket session on Tuesday. Reported Q3 adjusted EPS of $0.33, missing analyst estimate of $0.41. Quarterly sales of $1.96B missed street view of $2.02B. Total sales decreased 1.4% YoY. Comparable sales grew by 2.4%.FL stock down 13.7% premarket as Q3 EPS misses $0.33 (est. $0.41) and quarterly sales miss $1.96B (est. $2.02B), with total sales down 1.4% YoY. Comparable sales grow 2.4%.
