Categories AlphaGraphs, Consumer, Earnings
FL Earnings: Foot Locker reports lower adj. earnings for Q4 2023; sales up 2%
Specialty athletic retailer Foot Locker, Inc. (NYSE: FL) Wednesday announced financial results for the fourth quarter of 2023, reporting a decrease in adjusted earnings and a modest rise in revenues.
Total revenues moved up 2% annually to $2.38 billion in the fourth quarter. Excluding the effect of foreign exchange rate fluctuations, sales increased 1.5%. Comparable-store sales were down 0.7%.
The company reported a net loss of $389 million or $4.13 per share for the January quarter, on a reported basis, compared to net income of $19 million or $0.20 per share in the corresponding prior-year period. On an adjusted basis, earnings declined sharply to $0.38 per share in Q4 from $0.97 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
After a weak first half, will NIKE (NKE) hit the recovery path this year?
After a prolonged slowdown, NIKE, Inc. (NYSE: NKE) is working on a turnaround plan to regain the brand’s strength. In recent years, the sneaker giant’s overall performance has not been
Important takeaways from Paychex’s (PAYX) Q2 2025 earnings report
Paychex Inc. (NASDAQ: PAYX), a leading provider of human resources and payroll services, reported better-than-expected revenue and profit for the second quarter of fiscal 2025, sending the stock higher soon
Lamb Weston’s (LW) challenges may not end soon, a few points to note
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) turned red in mid-day trade on Friday. The stock has dropped 19% in the past one month. The company delivered disappointing results
