Footlocker ( (FL) ) has released its Q4 earnings. Here is a breakdown of the information Footlocker presented to its investors.
Foot Locker, Inc. is a leading global retailer specializing in athletic footwear and apparel, operating in the retail industry with a strong presence in North America, Europe, Asia, Australia, and New Zealand.
In its fourth quarter of 2024, Foot Locker reported a decline in total sales by 5.8% year-over-year, but saw a positive increase in comparable sales by 2.6%. The company also achieved a significant gross margin expansion of 300 basis points compared to the previous year.
Key financial highlights include a GAAP EPS of $0.57 and a non-GAAP EPS of $0.86, with net income from continuing operations reaching $55 million. Foot Locker completed 160 store refreshes in the quarter, contributing to over 400 for the year, and announced a full-year sales and non-GAAP EPS outlook for 2025.
Looking ahead, Foot Locker plans to focus on customer-facing investments, inventory management, and expense discipline to improve profitability despite anticipated consumer and promotional pressures in 2025. The company remains confident in its strategies to achieve growth expectations and deliver sustainable shareholder value.