Foot Locker Inc FL.N reported a quarterly adjusted loss of 27 cents per share for the quarter ended July 31, lower than the same quarter last year, when the company reported EPS of -5 cents. The mean expectation of sixteen analysts for the quarter was for earnings of 8 cents per share. Wall Street expected results to range from -18 cents to 24 cents per share.
Revenue fell 2.3% to $1.86 billion from a year ago; analysts expected $1.87 billion.
Foot Locker Inc's reported EPS for the quarter was a loss of 39 cents.
The company reported a quarterly loss of $38 million.
Foot Locker Inc shares had risen by 8.1% this quarter and gained 21.7% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 27.8% in the last three months.
In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 15 "hold" and no "sell" or "strong sell." The average consensus recommendation for the apparel & accessories retailers peer group is "buy."
Wall Street's median 12-month price target for Foot Locker Inc is $24.00, about 10.4% below its last closing price of $26.49
This summary was machine generated from LSEG data August 27 at 11:26 a.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)