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Foot Locker Inc (FL.N)

FL.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Foot Locker Inc Reports Q1 2019 Results
Friday, 24 May 2019 

May 24 (Reuters) - Foot Locker Inc ::FOOT LOCKER, INC. REPORTS 2019 FIRST QUARTER RESULTS.Q1 NON-GAAP EARNINGS PER SHARE $1.53 EXCLUDING ITEMS.Q1 EARNINGS PER SHARE $1.52.Q1 SALES $2.078 BILLION VERSUS REFINITIV IBES ESTIMATE OF $2.11 BILLION.Q1 SAME STORE SALES ROSE 4.6 PERCENT.Q1 EARNINGS PER SHARE ESTIMATE $1.60 -- REFINITIV IBES DATA.REITERATES FULL-YEAR COMPARABLE-STORE SALES, GROSS MARGIN AND SG&A OUTLOOK.REITERATES FULL-YEAR COMPARABLE-STORE SALES, GROSS MARGIN AND SG&A OUTLOOK.FY EARNINGS PER SHARE ARE NOW EXPECTED TO BE UP HIGH-SINGLE DIGITS BASED ON SHARE REPURCHASE ACTIVITY TO DATE.AS OF MAY 4, 2019, COMPANY'S MERCHANDISE INVENTORIES WERE $1,211 MILLION, 0.1 PERCENT HIGHER THAN AT END OF Q1 LAST YEAR..AS OF MAY 4, 2019, COMPANY'S MERCHANDISE INVENTORIES WERE $1,211 MILLION, 0.1 PERCENT HIGHER THAN AT END OF Q1 LAST YEAR.USING CONSTANT CURRENCIES, INVENTORY INCREASED 1.7 PERCENT IN QUARTER.DURING Q1, OPENED 14 NEW STORES, REMODELED OR RELOCATED 13 STORES, AND CLOSED 34 STORES.FY EARNINGS PER SHARE VIEW $5.19 -- REFINITIV IBES DATA.  Full Article

Adidas, Foot Locker Announce They Are Elevating Strategic Partnership
Tuesday, 22 Jan 2019 

Jan 22 (Reuters) - Foot Locker Inc ::ADIDAS AND FOOT LOCKER ANNOUNCED THEY ARE ELEVATING THEIR STRATEGIC PARTNERSHIP.FOOT LOCKER INC - ADIDAS AND CO WILL CO-CREATE CONSUMER-INSPIRED ADIDAS MADE FOR (AM4) SHOES.  Full Article

Foot Locker Announces Strategic Investment In Super Heroic
Thursday, 3 Jan 2019 

Jan 3 (Reuters) - Foot Locker Inc ::FOOT LOCKER, INC. ANNOUNCES STRATEGIC INVESTMENT IN SUPER HEROIC.FOOT LOCKER INC - IS TAKING A MINORITY STAKE IN SUPER HEROIC INC.FOOT LOCKER INC - CO'S $3 MILLION SERIES SEED II INVESTMENT IN SUPER HEROIC BRINGS TOTAL RAISED BY SUPER HEROIC TO $10 MILLION SINCE IT WAS FOUNDED IN 2016.FOOT LOCKER INC - WILL SERVE AS A BOARD ADVISOR TO SUPER HEROIC.  Full Article

Foot Locker Inc. Reports Q4 Loss Per Share $0.40
Friday, 2 Mar 2018 

March 2 (Reuters) - Foot Locker Inc ::FOOT LOCKER, INC. REPORTS 2017 FOURTH QUARTER AND FULL YEAR RESULTS.Q4 NON-GAAP EARNINGS PER SHARE $1.26 EXCLUDING ITEMS.Q4 LOSS PER SHARE $0.40.Q4 SAME STORE SALES FELL 3.7 PERCENT.Q4 SALES ROSE 4.6 PERCENT TO $2.21 BILLION.QTRLY GROSS MARGIN RATE DECREASED TO 31.4 PERCENT FROM 33.7 PERCENT A YEAR AGO.Q4 EARNINGS PER SHARE VIEW $1.25, REVENUE VIEW $2.22 BILLION -- THOMSON REUTERS I/B/E/S.FOOT LOCKER - AT FEB 3, 2018, MERCHANDISE INVENTORIES WERE $1,278 MILLION, 2.2 PERCENT LOWER THAN AT END OF Q4 LAST YEAR.‍CURRENTLY EXPECTS A FLAT TO UP LOW SINGLE-DIGIT COMPARABLE-STORE SALES PERFORMANCE FOR FISCAL 2018​.FOOT LOCKER - DURING Q4, CO OPENED 28 NEW STORES, REMODELED OR RELOCATED 45 STORES, AND CLOSED 67 STORES.FOOT LOCKER - Q1 2018 WILL LIKELY SEE CONTINUATION OF SALES AND MARGINS IN LINE WITH TRENDS IN H2 2017.$99 MILLION OF INCREMENTAL TAX EXPENSE IN QUARTER, OR $0.81 PER SHARE, DUE TO RECENTLY-ENACTED REFORM OF U.S. TAX CODE.FOOT LOCKER - CONFIDENT THAT CO WILL INFLECT BACK TO POSITIVE COMPARABLE-STORE SALES BY MIDDLE OF 2018.DURING QUARTER, RECORDED $128 MILLION CHARGE, PRE-TAX, OR $0.66 PER SHARE AFTER TAX, RELATED TO ONGOING PENSION LITIGATION.‍GROSS MARGINS TO BEGIN "RECOVERING" IN 2018​.EXCLUDING EFFECT OF FOREIGN EXCHANGE RATE FLUCTUATIONS, TOTAL SALES FOR QUARTER INCREASED 2.0 PERCENT.EXPECT A DOUBLE-DIGIT PERCENTAGE INCREASE IN ANNUAL EARNINGS PER SHARE.FY2018 EARNINGS PER SHARE VIEW $4.10 -- THOMSON REUTERS I/B/E/S.  Full Article

Foot Locker Announces 2018 Capital Allocation Plans
Wednesday, 21 Feb 2018 

Feb 20 (Reuters) - Foot Locker Inc ::FOOT LOCKER, INC. ANNOUNCES 2018 CAPITAL ALLOCATION PLANS.FOOT LOCKER INC - DECLARES Q1 DIVIDEND OF $0.345 PER SHARE, AN 11 PERCENT INCREASE.FOOT LOCKER INC - APPROVES $230 MILLION CAPITAL EXPENDITURE PROGRAM FOR 2018.FOOT LOCKER - CAPITAL SPEND PLANNED FOR 2018 REFLECTS GREATER FOCUS ON DIGITAL & SUPPLY CHAIN INITIATIVES RELATIVE TO REAL ESTATE INVESTMENTS.FOOT LOCKER - SPENDING ON STORE FLEET, WHILE LOWER COMPARED TO RECENT YEARS, WILL STILL COMPRISE MAJORITY OF CO'S CAPITAL EXPENDITURES IN 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

Foot locker declares quarterly dividend of $0.31 per share
Thursday, 16 Nov 2017 

Nov 15 (Reuters) - Foot Locker Inc :Foot Locker Inc declares quarterly dividend of $0.31 per share.  Full Article

Foot Locker Inc Q2 sales $1.701 billion
Friday, 18 Aug 2017 

Aug 18 (Reuters) - Foot Locker Inc :Foot Locker Inc reports 2017 second quarter results.Q2 non-GAAP earnings per share $0.62 excluding items.Q2 sales $1.701 billion versus I/B/E/S view $1.8 billion.Q2 earnings per share $0.39.Q2 earnings per share view $0.90 -- Thomson Reuters I/B/E/S.At July 29, 2017, company's merchandise inventories were $1,290 million, 3.7 percent lower than at end of Q2 last year.Excluding effect of foreign currency fluctuations, total sales for Q2 decreased 4.3 percent.Qtrly result included $50 million pre-tax litigation charge related to appeals court decision in lawsuit against co involving conversion of pension plan in 1996.During Q2, company opened 24 new stores, remodeled or relocated 38 stores, and closed 19 stores..Qtrly comparable-store sales decreased 6.0 percent.  Full Article

Foot-dragging over ditching Libor could be punished, regulator says

LONDON, June 19 Banks could be punished if they don't switch enough contracts from the Libor interest rate benchmark to a Bank of England alternative by the end of 2021, a senior British regulator said on Wednesday.