Foot Locker Inc

NYSE:FL  
25.14
-0.11 (-0.44%)
Other Pre-Announcement, Earnings Announcements

Foot Locker, Inc. Reports 2022 First Quarter Results Updates 2022 Outlook

Published: 05/20/2022 13:36 GMT
Foot Locker Inc (FL) - Foot Locker, Inc. Reports 2022 First Quarter Results; Updates 2022 Outlook.
Q1 Non-GAAP Earnings per Share $1.60.
Q1 Same Store Sales Fell 1.9 Percent.
Q1 Earnings per Share $1.37.
Q1 Sales Rose 1 Percent to $2.175 Billion.
Expect to Reach Upper End of 2022 Sales and Earnings Range.
Qtrly Gross Margin Declined by 80 Basis Points Compared With Prior-year Period.
As of April 30, Company's Merchandise Inventories Were $1.4 Billion, 37% Higher Than at the End of the First Quarter Last Year.
Sees 2022 Comparable Sales Growth Upper End of Down 8% to 10%.
Qtrly Gross Margin Declined, Driven by Higher Supply Chain Costs and Slightly Higher Markdowns Versus Historically-low Levels.
Sees 2022 Non-GAAP EPS Upper End of $4.25-$4.60.
Q1 Earnings per Share View $1.55, Revenue View $2.21 Billion -- Refinitiv Ibes Data (analyst estimates).
FY Earnings per Share View $4.41, Revenue View $8.44 Billion -- Refinitiv Ibes Data (analyst estimates).
Revenue is expected to be $2.09 Billion
Adjusted EPS is expected to be $0.87

Next Quarter Revenue Guidance is expected to be $2.19 Billion
Next Quarter EPS Guidance is expected to be $1.40

More details on our Analysts Page.