Categories AlphaGraphs, Consumer, Earnings
FL Earnings: Foot Locker Q1 2024 profit declines on lower sales
Foot Locker, Inc. (NYSE: FL) Wednesday reported a decline in profit for the first three months of fiscal 2024 when revenues decreased 3% year-over-year.
Revenues of the specialty athletic retailer decreased 3% annually to $1.87 billion in the first quarter. Excluding the effect of foreign exchange rate fluctuations, sales dropped 2.4%. Comparable-store sales were down 1.8%.
The company reported net income of $8 million or $0.09 per share for the April quarter, on a reported basis, compared to $36 million or $0.38 per share in the corresponding prior-year period. On an adjusted basis, earnings declined sharply to $0.22 per share in Q1 from $0.70 per share last year.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Key highlights from Deere & Co.’s (DE) Q4 2024 earnings results
Deere & Company (NYSE: DE) reported its fourth quarter 2024 earnings results today. Worldwide net sales and revenues decreased 28% year-over-year to $11.14 billion. Net income was $1.24 billion, or
NVDA Earnings: Nvidia Q3 profit jumps, beats estimates
NVIDIA Corporation (NASDAQ: NVDA) on Wednesday reported a sharp increase in adjusted profit and revenue for the third quarter of 2025. Earnings also topped analysts' estimates. The tech firm’s revenues
Lowe’s Companies (LOW): A few points to note about the Q3 2024 performance
Shares of Lowe’s Companies, Inc. (NYSE: LOW) rose over 1% on Wednesday. The stock has gained 8% over the past three months. The company delivered better-than-expected earnings results for the
