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 […]

March 6, 2024 1 min read

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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 […]
· March 6, 2024

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.

Foot Locker Q4 2023 earnings infographic

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.