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Foot Locker Inc (FL.N)

FL.N on New York Stock Exchange

59.10USD
22 Mar 2019
Change (% chg)

$-0.72 (-1.20%)
Prev Close
$59.82
Open
$59.17
Day's High
$59.56
Day's Low
$59.01
Volume
42,915
Avg. Vol
638,500
52-wk High
$68.00
52-wk Low
$40.02

Latest Key Developments (Source: Significant Developments)

Foot Locker Expects To Achieve Mid-Single Digit Comparable Sales Growth in Fiscal 2019
Friday, 1 Mar 2019 

March 1 (Reuters) - Foot Locker Inc ::EXEC - DECEMBER COMPARABLE SALES, WITH INCREDIBLE AND EXCITEMENT DURING THE HOLIDAY SEASON, WAS UP DOUBLE DIGITS - CONF CALL.EXEC - IN Q4, OUR STORES POSTED A 5.7 PERCENT COMPARABLE SALES INCREASE, WHILE OUR DIGITAL CHANNELS DELIVERED A 29.7 PERCENT COMPARABLE SALES GAIN- CONF CALL.EXEC - IN FISCAL 2019, EXPECT TO ACHIEVE MID-SINGLE DIGIT COMPARABLE SALES GROWTH - CONF CALL.EXEC - IN FISCAL 2019, EXPECTS DOUBLE-DIGIT PERCENTAGE OF EARNING PER SHARE INCREASE - CONF CALL.EXEC - TOTAL SALES WILL HAVE A SLIGHT HEADWIND IN THE FIRST HALF OF THE YEAR FROM FOREIGN CURRENCY IMPACT - CONF CALL.EXEC - WE ARE PLANNING FOR AN IMPROVEMENT IN OUR GROSS MARGIN RATE OF 20 TO 40 BASIS POINTS FOR THE FULL YEAR - CONF CALL.EXEC - FY G&A EXPENSE RATE IS EXPECTED TO BE UP BETWEEN 40 TO 60 BASIS POINTS YEAR-OVER-YEAR - CONF CALL.EXEC - WE PLAN TO SPEND APPROXIMATELY $175 MILLION TO IMPROVE OUR STORE FLEET IN 2019 - CONF CALL.EXEC - WE PLAN TO CLOSE ABOUT 165 STORES STORE CLOSURES WILL BE ACROSS OUR GEOGRAPHIES - CONF CALL.EXEC - GREATEST CONCENTRATION OF STORE CLOSURES TO BE IN FOOT LOCKER AND LADY FOOT LOCKER IN THE U.S., SIX:02 AND FOOT LOCKER AND RUNNERS POINT IN EUROPE - CONF CALL.EXEC - WE ARE KEEPING AN EYE ON IMPACT ON TOP LINE FROM SLOWER PACE OF TAX REFUNDS, COMBINED WITH THE LOWER AVERAGE REFUND SIZE COMPARED TO A YEAR AGO - CONF CALL.EXEC - WE ARE CONTINUING TO PLAN OUR EFFECTIVE TAX RATE TO BE APPROXIMATELY 27.5 PERCENT IN 2019 - CONF CALL.  Full Article

Foot Locker Reports Q4 Non-GAAP Earnings Per Share of $1.56
Friday, 1 Mar 2019 

March 1 (Reuters) - Foot Locker Inc ::FOOT LOCKER, INC. REPORTS 2018 FOURTH QUARTER AND FULL YEAR RESULTS.Q4 NON-GAAP EARNINGS PER SHARE $1.56.Q4 EARNINGS PER SHARE $1.39.Q4 SAME STORE SALES ROSE 9.7 PERCENT.Q4 EARNINGS PER SHARE ESTIMATE $1.40 -- REFINITIV IBES DATA.DURING Q4, COMPANY OPENED 11 NEW STORES, REMODELED OR RELOCATED 33 STORES, AND CLOSED 56 STORES..AT FEBRUARY 2, 2019, COMPANY'S MERCHANDISE INVENTORIES WERE $1,269 MILLION, 0.7 PERCENT LOWER THAN AT END OF Q4 LAST YEAR..QTRLY SALES$2,272 MILLION VERSUS $2,210 MILLION.Q4 REVENUE VIEW $2.19 BILLION -- REFINITIV IBES DATA.  Full Article

Foot Locker Inc Announces 2019 Capital Allocation Plans
Thursday, 21 Feb 2019 

Feb 20 (Reuters) - Foot Locker Inc ::FOOT LOCKER, INC. ANNOUNCES 2019 CAPITAL ALLOCATION PLANS.FOOT LOCKER INC - APPROVES $275 MILLION CAPITAL EXPENDITURE PROGRAM FOR 2019.FOOT LOCKER INC - NEW $1.2 BILLION SHARE REPURCHASE PROGRAM.FOOT LOCKER INC - DECLARES Q1 DIVIDEND OF $0.38 PER SHARE, A 10 PERCENT INCREASE.FOOT LOCKER INC - DECLARES Q1 DIVIDEND OF $0.38 PER SHARE, A 10 PERCENT INCREASE.FOOT LOCKER INC - NEW 3-YEAR, $1.2 BILLION COMMON SHARE REPURCHASE PROGRAM EXTENDING THROUGH JANUARY 2022.FOOT LOCKER INC - BOARD OF DIRECTORS APPROVED A NEW 3-YEAR, $1.2 BILLION COMMON SHARE REPURCHASE PROGRAM EXTENDING THROUGH JANUARY 2022.FOOT LOCKER INC - NEW 3-YEAR, $1.2 BILLION COMMON SHARE REPURCHASE PROGRAM REPLACING COMPANY'S PREVIOUS $1.2 BILLION PROGRAM..FOOT LOCKER INC - WILL CONTINUE TO SPEND CAPITAL TO BUILD OUT ITS SUPPLY CHAIN AND OTHER INFRASTRUCTURE CAPABILITIES.  Full Article

Foot Locker Announces $100M Strategic Investment In Goat Group
Thursday, 7 Feb 2019 

Feb 7 (Reuters) - Foot Locker Inc ::FOOT LOCKER, INC. ANNOUNCES $100M STRATEGIC INVESTMENT IN GOAT GROUP.FOOT LOCKER INC - SCOTT MARTIN, SENIOR VICE PRESIDENT OF STRATEGY AND STORE DEVELOPMENT, WILL JOIN GOAT GROUP'S BOARD.FOOT LOCKER INC - CO'S INVESTMENT WILL BRING TOTAL RAISED BY GOAT GROUP TO $197.6 MILLION SINCE IT WAS FOUNDED IN 2015.  Full Article

Foot Locker Announces $100M Strategic Investment In Goat Group
Thursday, 7 Feb 2019 

Feb 7 (Reuters) - Foot Locker Inc ::FOOT LOCKER, INC. ANNOUNCES $100M STRATEGIC INVESTMENT IN GOAT GROUP.FOOT LOCKER INC - FOOT LOCKER'S INVESTMENT WILL BRING TOTAL RAISED BY GOAT GROUP TO $197.6 MILLION SINCE IT WAS FOUNDED IN 2015.  Full Article

Foot Locker Inc. Announces Strategic Investment In Pensole Footwear Design Academy
Friday, 18 Jan 2019 

Jan 17 (Reuters) - Foot Locker Inc ::FOOT LOCKER, INC. ANNOUNCES STRATEGIC INVESTMENT IN PENSOLE FOOTWEAR DESIGN ACADEMY TO FURTHER FUEL THE FUTURE OF FOOTWEAR.FOOT LOCKER INC - MADE A $2 MILLION STRATEGIC INVESTMENT IN PENSOLE INC.  Full Article

Foot Locker Inc Reports 2018 Third Quarter Results
Wednesday, 21 Nov 2018 

Nov 20 (Reuters) - Foot Locker Inc ::FOOT LOCKER, INC. REPORTS 2018 THIRD QUARTER RESULTS.Q3 NON-GAAP EARNINGS PER SHARE $0.95.Q3 EARNINGS PER SHARE $1.14.Q3 SAME STORE SALES ROSE 2.9 PERCENT.Q3 EARNINGS PER SHARE VIEW $0.92 -- THOMSON REUTERS I/B/E/S.Q3 SALES $1.86 BILLION VERSUS I/B/E/S VIEW $1.85 BILLION.TOTAL Q3 SALES DECREASED 0.5 PERCENT, TO $1,860 MILLION THIS YEAR.AS OF NOVEMBER 3, 2018, COMPANY'S MERCHANDISE INVENTORIES WERE $1,305 MILLION, 0.6 PERCENT LOWER THAN AT END OF Q3 LAST YEAR.QTRLY ADJUSTED EARNINGS PER SHARE $0.95.  Full Article

Foot Locker Inc Q2 NON-GAAP Earnings Per Share $0.75
Friday, 24 Aug 2018 

Aug 24 (Reuters) - Foot Locker Inc ::FOOT LOCKER, INC. REPORTS 2018 SECOND QUARTER RESULTS.Q2 NON-GAAP EARNINGS PER SHARE $0.75 EXCLUDING ITEMS.Q2 SAME STORE SALES ROSE 0.5 PERCENT.Q2 EARNINGS PER SHARE VIEW $0.70 -- THOMSON REUTERS I/B/E/S.Q2 SALES $1.782 BILLION VERSUS I/B/E/S VIEW $1.76 BILLION.EXCLUDING EFFECT OF FOREIGN EXCHANGE RATE FLUCTUATIONS, TOTAL SALES FOR Q2 INCREASED 3.9 PERCENT.FOOT LOCKER - DURING Q2, COMPANY OPENED 13 NEW STORES, REMODELED OR RELOCATED 33 STORES, & CLOSED 21 STORES.FOOT LOCKER - AS OF AUGUST 4, 2018, COMPANY'S MERCHANDISE INVENTORIES WERE $1,254 MILLION, 2.8 PERCENT LOWER THAN AT END OF Q2 LAST YEAR.FOOT LOCKER - REMAIN OPTIMISTIC TO DELIVER STRONGER COMPARABLE SALES GROWTH IN H2 2018.  Full Article

Foot Locker Q1 Earnings Per Share $1.38
Friday, 25 May 2018 

May 25 (Reuters) - Foot Locker Inc ::FOOT LOCKER, INC. REPORTS 2018 FIRST QUARTER RESULTS.Q1 NON-GAAP EARNINGS PER SHARE $1.45.Q1 EARNINGS PER SHARE $1.38.Q1 SAME STORE SALES FELL 2.8 PERCENT.Q1 EARNINGS PER SHARE VIEW $1.25 -- THOMSON REUTERS I/B/E/S.Q1 SALES $2.025 BILLION VERSUS I/B/E/S VIEW $1.96 BILLION.AS OF MAY 5, 2018, COMPANY'S MERCHANDISE INVENTORIES WERE $1,210 MILLION, 5.4 PERCENT LOWER THAN AT END OF Q1 LAST YEAR.EXCLUDING EFFECT OF FOREIGN EXCHANGE RATE FLUCTUATIONS, TOTAL SALES FOR Q1 DECREASED 1.5 PERCENT.QTRLY GROSS MARGIN RATE DECREASED TO 32.9 PERCENT FROM 34 PERCENT A YEAR AGO.USING CONSTANT CURRENCIES, INVENTORY DECREASED 7.1 PERCENT AS OF MAY 5.CONTINUE TO BELIEVE THAT CO POISED TO INFLECT TO POSITIVE COMPARABLE-STORE SALES GROWTH AS CO PROGRESSES THROUGH 2018.  Full Article

Foot Locker reports Q3 non-GAAP earnings per share $0.87
Friday, 17 Nov 2017 

Nov 17 (Reuters) - Foot Locker Inc :Foot Locker Inc reports 2017 third quarter results.Q3 non-GAAP earnings per share $0.87.Q3 sales $1.87 billion versus I/B/E/S view $1.83 billion.Q3 earnings per share $0.81.Q3 earnings per share view $0.80 -- Thomson Reuters I/B/E/S.Foot Locker Inc - ‍Q3 comparable-store sales decreased 3.7 percent​.Foot Locker Inc - ‍Q3 results included a $13 million pre-tax charge related to reducing and reorganizing corporate and division staff​.Foot Locker Inc - ‍excluding effect of foreign currency fluctuations, total sales for Q3 decreased 2.3 percent​.Foot Locker Inc - ‍at Oct 28, 2017, co's merchandise inventories were $1,315 million, 3.4 percent lower than at end of Q3 last year​.Foot Locker Inc - qtrly gross margin rate decreased to 31.0 percent of sales from 33.9 percent a year ago​.Foot Locker Inc - ‍during Q3, co opened 12 new stores, remodeled or relocated 41 stores, and closed 22 stores​.Foot Locker Inc - in quarter, ‍within SG&A, company incurred $7 million of hurricane-related costs, majority of which related to damaged or lost inventory​.Foot Locker Inc - ‍despite highly promotional environment still seen in marketplace, "availability of premium product is gradually improving" versus h1 2017.Foot Locker Inc - ‍believe "can achieve", and perhaps "modestly exceed", top- and bottom-line guidance co gave for Q4 back in August​.  Full Article

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