An update from Foot Locker ( (FL) ) is now available.
Foot Locker, Inc. reported its financial results for the fourth quarter of 2024, showing a 5.8% decrease in total sales year-over-year, but a 2.6% increase in comparable sales. The company achieved a gross margin expansion of 300 basis points and a significant improvement in net income from continuing operations compared to the previous year. Foot Locker completed 160 store refreshes in the quarter and issued a cautious outlook for 2025, anticipating continued consumer and promotional pressures. The company plans to focus on customer-facing investments and brand partnerships to drive growth and shareholder value.
More about Foot Locker
Foot Locker, Inc. is a leading global retailer in the athletic footwear and apparel industry, operating over 2,400 stores across North America, Europe, Asia, Australia, and New Zealand. The company focuses on providing a wide range of athletic products and has a strong market presence through its various brands, including Foot Locker and Kids Foot Locker.
YTD Price Performance: -19.84%
Average Trading Volume: 3,184,218
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.65B
See more data about FL stock on TipRanks’ Stock Analysis page.