Foot Locker's Q4 Was Adequate, But Shares Are Cheap [Seeking Alpha]
Foot Locker, Inc. (FL)
Last foot locker, inc. earnings: 2/28 06:45 am
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US:NYSE Investor Relations:
footlocker-inc.com/investors.cfm?page=investor-relations
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Source: Seeking Alpha
Summary Foot Locker posted Q4 results that were ultimately ok, though underwhelming. Likewise, guidance was just fine. Still, updated capital spending plans sound likely to create shareholder value. The company remains a well-run business with a first rate management team. The stock trades at a ridiculous 6.5x earnings in spite of being a shareholder friendly cash machine. Shares of Foot Locker ( FL Q4 Sales Drive a Record Year Q4 sales at Foot Locker declined 2% y/y on a foreign exchange neutral basis and 2.2% on a reported basis to $2.22 billion, with same-store sales down 1.6% y/y. Management blamed a few issues for the Q4 weakness, primarily blaming the compressed Q4 holiday season as well as a promotional marketplace and overall softer apparel market, as well as a tough comparison. Q4 comps jumped 9.7% in Q4’2018, so the two-year stacked comp of 8.1% looks relatively strong, in my view. Interestingly, the stores held-up better than digital, with store comps down only 1% versus a
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News
- Nike's new CEO plans to go back to basics in brand overhaul effort [Yahoo! Finance Canada]Yahoo! Finance Canada
- Nike's new CEO plans to go back to basics in brand overhaul effort [Yahoo! Finance]Yahoo! Finance
- Nike's new CEO said the company messed up 3 key areas that he's trying to fix — and it's bad news for customers who like cheap stuff [Business Insider]Business Insider
- Nike's New CEO Admits the Brand Has Been Competing With Its Partners, Pledges to Fix Relationships With Foot Locker, JD Sports and More [Yahoo! Finance]Yahoo! Finance
- Nike beat low expectations as investors look for turnaround under new CEO Elliott Hill [Yahoo! Finance Canada]Yahoo! Finance Canada
FL
Earnings
- 12/4/24 - Miss
FL
Sec Filings
- 12/11/24 - Form 10-Q
- 12/4/24 - Form 8-K
- 11/18/24 - Form 4
- FL's page on the SEC website