Foot Locker Inc reports results for the quarter ended in July 31 - Earnings Summary

Foot Locker

29/08/2024 19:23

* Foot Locker Inc  FL.N  reported a quarterly adjusted loss
of 5
cents​​ per share for the quarter ended July 31, lower than the
same quarter last year, when the company reported EPS of 4
cents.  The mean expectation of eighteen analysts for the
quarter was for a loss of 7 cents per share. Wall Street
expected results to range from -13 cents to 3 cents per share.
    * Revenue rose 1.9% to $1.90 billion from a year ago;
analysts
expected $1.89 billion. 
    * Foot Locker Inc's reported EPS for the quarter was a loss
of 13
cents​.
    * The company reported a quarterly loss of $12 million.
    * Foot Locker Inc shares had risen by 18.2% this quarter and
lost 5.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 53.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 12
"hold" and 5 "sell" or "strong sell." 
    * The average consensus recommendation for the apparel &
accessories retailers peer group is also "hold"

Wall Street's median 12-month price target for Foot Locker Inc
is $30.00 
This summary was machine generated from LSEG data August 29 at
06:23 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jul. 31 2024      -0.07          -0.05          Beat
 Apr. 30 2024      0.12           0.22           Beat
 Jan. 31 2024      0.32           0.38           Beat
 Oct. 31 2023      0.21           0.30           Beat