Categories Earnings, Retail

Foot Locker (FL): Q4 2019 Earnings Snapshot

— 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%.

Foot Locker reports Q4 2019 earnings results

— 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.

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Also Read:  Booking Holdings reports better-than-expected results for Q2; guides Q3

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