Foot Locker (NYSE:FL – Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 1.500-1.700 for the period, compared to the consensus EPS estimate of 1.540. The company issued revenue guidance of $8.1 billion-$8.2 billion, compared to the consensus revenue estimate of $8.1 billion. Foot Locker also updated its FY25 guidance to $1.50-1.70 EPS.
Foot Locker Stock Down 0.5 %
Shares of NYSE:FL opened at $31.13 on Friday. The business’s 50 day simple moving average is $27.70 and its two-hundred day simple moving average is $26.22. The firm has a market cap of $2.95 billion, a P/E ratio of -8.21, a PEG ratio of 0.80 and a beta of 1.46. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.50 and a current ratio of 1.68. Foot Locker has a 52-week low of $16.68 and a 52-week high of $35.60.
Foot Locker (NYSE:FL – Get Free Report) last announced its quarterly earnings results on Thursday, May 30th. The athletic footwear retailer reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.10. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.88 billion. Foot Locker had a positive return on equity of 2.91% and a negative net margin of 4.41%. The company’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.70 earnings per share. As a group, research analysts forecast that Foot Locker will post 1.51 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Check Out Our Latest Report on Foot Locker
Insider Buying and Selling at Foot Locker
In other news, major shareholder Vesa Equity Investment S.A R.L sold 246,886 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $32.93, for a total value of $8,129,955.98. Following the completion of the transaction, the insider now directly owns 11,146,292 shares of the company’s stock, valued at $367,047,395.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders sold 787,566 shares of company stock valued at $26,090,866. Company insiders own 1.20% of the company’s stock.
About Foot Locker
Foot Locker, Inc, through its subsidiaries, operates as a footwear and apparel retailer in North America, Europe, Australia, New Zealand, Asia, and the Middle East. Its brand portfolio includes Foot Locker, a brand comprising sneakers and apparel; Kids Foot Locker, which offers athletic footwear, apparel, and accessories for children; and Champs Sports that operates as a mall-based specialty athletic footwear and apparel retailer.
Read More
- Five stocks we like better than Foot Locker
- What is a Stock Market Index and How Do You Use Them?
- Why Dell Can Continue Winning in AI and Beyond
- Using the MarketBeat Stock Split Calculator
- Veeva’s Stock Jumps on Stellar Q2 Results—Don’t Miss Out
- Dividend Payout Ratio Calculator
- MarketBeat Week in Review – 8/26 – 8/30
Receive News & Ratings for Foot Locker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Foot Locker and related companies with MarketBeat.com's FREE daily email newsletter.