The earnings call presented a mixed outlook with some positive developments in digital performance and strategic partnerships but was overshadowed by significant sales declines, gross margin pressure, and challenges within certain banners like Champs Sports and WSS.

Company Guidance

During Foot Locker's third-quarter earnings call for fiscal year 2024, management provided guidance that reflected a narrowing of their full-year non-GAAP earnings per share (EPS) to a range of $1.30 to $1.40, down from the previous range of $1.30 to $1.50. The company anticipated a 53rd week in the fiscal year, contributing approximately $0.11 to the EPS, which was a revision from the earlier estimate of $0.15. For the fourth quarter, Foot Locker projected non-GAAP EPS between $0.26 and $0.36, with comparable sales expected to decline by 7% to 9%. Gross margins were forecasted to decrease by 290 to 310 basis points, settling in the range of 27.0% to 27.2%, while SG&A expenses were expected to deleverage by 40 to 70 basis points. Additionally, the company aimed to end the year with inventory levels flat to slightly down compared to last year, emphasizing promotional activity to manage inventory efficiently.

Improvement in Digital Performance

Positive digital comps in October, driven by better conversion rates and strong digital marketing efforts, particularly in Foot Locker North America and Kids Foot Locker banners.

Successful Inventory Management

Strategic pull-forward of inventory ensured smooth product flows during the holiday season, with plans to end the year with inventory flat to slightly down versus last year.

Positive Response to Strategic Initiatives

The Lace Up plan showed early successes, including improved conversion levels, double-digit gains in new customer acquisition, and increased brand awareness.

Strong Performance in Kids Foot Locker

Kids Foot Locker reported a 5% increase in comps, driven by strong back-to-school performance and compelling assortments.

New Partnerships and Brand Initiatives

Foot Locker entered a new partnership with the NBA, enhancing brand exposure and customer engagement through various marketing and social media channels.

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Foot Locker (FL) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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FL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 21, 2025	2024 (Q4)	0.72 / -	0.38	―	―	―
Dec 04, 2024	2024 (Q3)	0.40 / 0.33	0.3	10.00% (+0.03)
Aug 28, 2024	2024 (Q2)	-0.07 / -0.05	0.04	-225.00% (-0.09)
May 30, 2024	2024 (Q1)	0.12 / 0.22	0.7	-68.57% (-0.48)
Mar 06, 2024	2023 (Q4)	0.32 / 0.38	0.97	-60.82% (-0.59)
Nov 29, 2023	2023 (Q3)	0.23 / 0.30	1.27	-76.38% (-0.97)
Aug 23, 2023	2023 (Q2)	0.04 / 0.04	1.1	-96.36% (-1.06)
May 19, 2023	2023 (Q1)	0.76 / 0.70	1.6	-56.25% (-0.90)
Mar 20, 2023	2022 (Q4)	0.51 / 0.97	1.67	-41.92% (-0.70)
Nov 18, 2022	2022 (Q3)	1.11 / 1.27	1.93	-34.20% (-0.66)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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FL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Dec 04, 2024	$24.17	$22.02	-8.90%
Aug 28, 2024	$32.81	$29.45	-10.24%
May 30, 2024	$22.52	$25.89	+14.96%
Mar 06, 2024	$34.31	$24.24	-29.35%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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