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

Foot Locker

04/12/2024 14:32

* Foot Locker Inc  FL.N  reported quarterly adjusted
earnings of
33 cents​​ per share for the quarter ended October 31, higher
than the same quarter last year, when the company reported EPS
of 30 cents.  The mean expectation of nineteen analysts for the
quarter was for earnings of 41 cents per share. Wall Street
expected results to range from 37 cents to 46 cents per share.
    * Revenue fell 1.4% to $1.96 billion from a year ago;
analysts
expected $2.01 billion. 
    * Foot Locker Inc's reported EPS for the quarter was a loss
of 34
cents​.
    * The company reported a quarterly loss of $33 million.
    * Foot Locker Inc shares had fallen by 6.5% this quarter and
lost 22.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.5%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 13
"hold" and 3 "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 $27.00 
This summary was machine generated from LSEG data December 4 at
02:31 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
 Oct. 31 2024      0.41           0.33           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