FL Earnings Prediction
The chart below shows how FL performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FL sees a +6.88% change in stock price 10 days leading up to the earnings, and a -1.04% change 10 days following the report. On the earnings day itself, the stock moves by -4.99%. This data can give you a slight idea of what to expect for the next quarter's release.
FL Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.99B
-8.47%
6.71%
Gross Margin
25.09%
-15.35%
2.32%
Operating Margin
2.66%
-67.36%
232.50%
Net Margin
1.41%
-68.10%
-622.22%
EPS
0.30
-70.30%
-700.00%
No Data Available
FL Earnings Analysis
Foot Locker, Inc. Corporation (FL.N) Earnings Conference Call
Positive
Sales Growth Performance: Total sales increased by 2.4% in the quarter, driven by strong performance in the global Foot Locker and Kids Foot Locker banners, which contributed 2.8%.
Gross Margin Improvement: Gross margin improved by 230 basis points year-over-year, highlighting the company's continued progress in recovering from last year's higher promotional levels.
Cost Savings Exceed Expectations: The company is on pace to deliver $90 million in savings this year, exceeding prior expectations of $80 million, due to effective cost management strategies.
Earnings Per Share Increase: Non-GAAP earnings per share for the quarter were $0.33, up from $0.30 last year, reflecting a positive trend in profitability despite challenges.
Store Expansion Plans: The company expects to open 27 new stores in the year, demonstrating a commitment to growth and expansion in key markets.
Negative
Sales Decline Analysis: Total sales were down 1.4%, falling short of expectations for further acceleration.
Mixed Brand Performance: Despite positive results from certain brands, overall performance did not meet expectations.
Earnings Per Share Miss: Our non-GAAP earnings per share landed at $0.33, below our guidance of approximately $0.40.
Debt Load Analysis: We ended the quarter with $211 million of cash and total debt at $445 million, indicating a significant debt load.
Inventory Management Strategy: Inventories were down 6.3% versus last year, reflecting a cautious approach to inventory management.
FL FAQs
How does FL typically perform around its earnings report dates?
Is Foot Locker, Inc. (FL) Q3 2024 Earnings Call Summary positive or negative?
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FL Earning Call Sentiment
Foot Locker, Inc. (FL) Q3 2024 Earnings Call Transcript
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FL.N
-3.65%Positive
The earnings call presented mixed signals: positive comparable sales growth and gross margin expansion were countered by a decline in total sales, missed EPS guidance, and increased promotional pressures. The lack of a share repurchase or dividend program further tempers enthusiasm. The Q&A highlighted ongoing challenges, such as promotional dynamics and competition, but also noted strategic progress. Considering the small-cap nature of the company, these mixed elements suggest a neutral stock price movement, with potential for slight volatility due to market cap sensitivity.
