Foot Locker Inc

NYSE:FL   3:59:59 PM EDT
31.83
+0.70 (+2.25%)
Other Pre-Announcement

Foot Locker Inc Reports Q2 Non-GAAP Earnings Per Share Of $1.10

Published: 08/19/2022 10:50 GMT
Foot Locker Inc (FL) - Q2 Earnings per Share $0.99.
Q2 Same Store Sales Fell 10.3 Percent.
Q2 Non-GAAP Earnings per Share $1.10.
Q2 Sales Fell 9.2 Percent to $2.065 Billion.
Ytd Same Store Sales Fell 6.2 Percent.
As of July 30, 2022, Merchandise Inventories Were $1,644 Million, Up 52% Compared to Supply-constrained Levels at End of Q2 Last Year.
Current Inventory Quality and Aging Are Healthy, Positioning Company Well for Back-to-school Season and Q3 Overall.
at Quarter-end, Company's Cash and Cash Equivalents Totaled $386 Million, While Debt Was $455 Million.
Sees 2022 Sales Change Down 6% to 7%.
Sees 2022 Adjusted Earnings per Share $4.25-$4.45.
Sees 2022 Comparable Sales Growth Down 8% to 9%.
Q2 Earnings per Share View $0.79, Revenue View $2.07 Billion -- Refinitiv Ibes Data (analyst estimates).
FY2022 Earnings per Share View $7.56, Revenue View $8.95 Billion -- Refinitiv Ibes Data (analyst estimates).
Expect to Achieve Lower End of Original Earnings Guidance Range for FY.