We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Foot Locker (FL) Reports Q3 Earnings: What Key Metrics Have to Say
Read MoreHide Full Article
Foot Locker (FL - Free Report) reported $1.99 billion in revenue for the quarter ended October 2023, representing a year-over-year decline of 8.5%. EPS of $0.30 for the same period compares to $1.27 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.96 billion, representing a surprise of +1.22%. The company delivered an EPS surprise of +30.43%, with the consensus EPS estimate being $0.23.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Foot Locker performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Comparable store sales - YoY change: -8% compared to the -9.8% average estimate based on five analysts.
Number of stores - Total owned stores (EOP): 2,607 versus 2,577 estimated by four analysts on average.
Number of stores - Champs Sports: 475 compared to the 466 average estimate based on three analysts.
Number of stores - Foot Locker Canada: 84 versus 83 estimated by three analysts on average.
Number of stores - Foot Locker Europe: 642 versus the three-analyst average estimate of 634.
Number of stores - Foot Locker U.S. 740 compared to the 734 average estimate based on three analysts.
Number of stores - Footaction: 1 versus the three-analyst average estimate of 1.
Number of stores - Kids Foot Locker: 392 versus the three-analyst average estimate of 393.
Gross square footage - Total: 13,092 Ksq ft compared to the 12,964.43 Ksq ft average estimate based on three analysts.
Number of stores - Foot Locker Asia Pacific: 144 compared to the 135 average estimate based on two analysts.
Gross square footage - Foot Locker U.S. 4,063 Ksq ft versus 4,215.9 Ksq ft estimated by two analysts on average.
Gross square footage - Champs Sports: 2,792 Ksq ft compared to the 2,674.18 Ksq ft average estimate based on two analysts.
Shares of Foot Locker have returned +13.6% over the past month versus the Zacks S&P 500 composite's +10.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Foot Locker (FL) Reports Q3 Earnings: What Key Metrics Have to Say
Foot Locker (FL - Free Report) reported $1.99 billion in revenue for the quarter ended October 2023, representing a year-over-year decline of 8.5%. EPS of $0.30 for the same period compares to $1.27 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.96 billion, representing a surprise of +1.22%. The company delivered an EPS surprise of +30.43%, with the consensus EPS estimate being $0.23.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Foot Locker performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Comparable store sales - YoY change: -8% compared to the -9.8% average estimate based on five analysts.
- Number of stores - Total owned stores (EOP): 2,607 versus 2,577 estimated by four analysts on average.
- Number of stores - Champs Sports: 475 compared to the 466 average estimate based on three analysts.
- Number of stores - Foot Locker Canada: 84 versus 83 estimated by three analysts on average.
- Number of stores - Foot Locker Europe: 642 versus the three-analyst average estimate of 634.
- Number of stores - Foot Locker U.S. 740 compared to the 734 average estimate based on three analysts.
- Number of stores - Footaction: 1 versus the three-analyst average estimate of 1.
- Number of stores - Kids Foot Locker: 392 versus the three-analyst average estimate of 393.
- Gross square footage - Total: 13,092 Ksq ft compared to the 12,964.43 Ksq ft average estimate based on three analysts.
- Number of stores - Foot Locker Asia Pacific: 144 compared to the 135 average estimate based on two analysts.
- Gross square footage - Foot Locker U.S. 4,063 Ksq ft versus 4,215.9 Ksq ft estimated by two analysts on average.
- Gross square footage - Champs Sports: 2,792 Ksq ft compared to the 2,674.18 Ksq ft average estimate based on two analysts.
View all Key Company Metrics for Foot Locker here>>>Shares of Foot Locker have returned +13.6% over the past month versus the Zacks S&P 500 composite's +10.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.