
Foot Locker reported its fourth-quarter results, revealing a revenue of $2.24 billion, a decline of 5.8% from the previous year, and a net income of $55 million, a significant improvement from a $389 million loss in the same quarter last year. The company's adjusted earnings per share (EPS) stood at $0.86, surpassing Wall Street's estimate of $0.72. Comparable sales increased by 2.6%, driven largely by Foot Locker and Kids Foot Locker, which saw growth of 3.6%. Despite these positive earnings, Foot Locker's outlook for the upcoming fiscal year remains cautious, with projections for adjusted EPS ranging from $1.35 to $1.65. The company also anticipates challenges ahead, including a reset from Nike and potential impacts from tariffs on sales. Full-year revenue for Foot Locker was reported at $7.99 billion.
Foot Locker delivered fourth quarter results above its previously revised expectations, with Q4 sales of $2.24B (down 5.8%) and net income of $55M (vs. a $389M loss last year) ๐ According to @FootwearNews, full-year revenue was $7.99B. https://t.co/CzXckqhJKj
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