Categories AlphaGraphs, Consumer, Earnings

FL Earnings: Foot Locker reports lower sales and profit for Q3 2023

Specialty athletic retailer Foot Locker, Inc. (NYSE: FL) Wednesday announced financial results for the third quarter of 2023, reporting a decrease in net sales and adjusted earnings.

Foot Locker Q3 2023 earnings infographic

Total sales declined 8.6% annually to $1.99 billion in the third quarter. Excluding the effect of foreign exchange rate fluctuations, sales dropped 10%. Comparable-store sales were down 8.0%.

Third-quarter net income was $28 million or $0.30 per share, compared to $96 million or $1.01 per share in the corresponding prior-year period. On an adjusted basis, earnings declined to $0.30 per share in Q3 from $1.27 per share last year.

Prior Performance

  • Foot-Locker-Q3-2022-Earnings-Infographic

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