— Foot Locker Inc. (NYSE: FL) reported Q4 2019 earnings of $1.63 per share, vs. $1.58 expected.
— Sales fell 2.2% to $2.22 billion, vs. $2.24 billion expected.
— Comparable store sales decreased 1.6%.
— Merchandise inventories were $1.20 billion at quarter-end, down 4.8% year-over-year.
— During the quarter, the company opened 32 new stores, remodeled or relocated 66 stores and closed 63 stores.
— Cash and cash equivalents totaled $907 million at year-end.
— FL shares were down 1.7% in premarket hours on Friday.
Get access to timely and accurate verbatim transcripts that are published within hours of the event.
Most Popular
With right product mix and CAPEX discipline, Canopy Growth (CGC) can hit growth path
The latest quarterly performance of Canopy Growth Corporation (NYSE: CGC) was nothing short of a disaster, with the cannabis firm incurring a whopping C$1-billion loss in the final months of
Google’s cloud business is well-positioned for growth going forward
Alphabet’s (NYSE: GOOGL) subsidiary Google makes most of its money through its search and advertisement businesses but its cloud division is no small player. This segment is a significant growth
Nio (NIO) picks up speed after hitting COVID-19 roadblock and positions itself for future growth
The coronavirus outbreak impacted the automobile industry as a whole as operations were disrupted and people deferred their vehicle purchases due to a slump in the economy. Overall passenger vehicle
One thought on “Foot Locker (FL): Q4 2019 Earnings Snapshot”
Comments are closed.