Foot Locker (NYSE:FL) Announces Quarterly Earnings Results, Beats Estimates By $0.13 EPS

Foot Locker (NYSE:FL) announced its quarterly earnings data on Wednesday. The athletic footwear retailer reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.13, Zacks reports. The firm had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.32 billion. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The business’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same period last year, the firm earned $0.38 earnings per share. Foot Locker updated its FY 2025 guidance to 1.350-1.650 EPS and its FY26 guidance to $1.35-1.65 EPS.

Foot Locker Stock Performance

FL opened at $17.82 on Friday. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of -3.95, a P/E/G ratio of 0.53 and a beta of 1.55. The business’s 50-day moving average price is $19.91 and its two-hundred day moving average price is $23.33. Foot Locker has a 1 year low of $16.92 and a 1 year high of $33.94. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.67 and a quick ratio of 0.45.

Wall Street Analyst Weigh In

FL has been the topic of several recent research reports. Barclays reduced their price target on Foot Locker from $34.00 to $29.00 and set an “overweight” rating on the stock in a research report on Friday, December 6th. Needham & Company LLC restated a “buy” rating and set a $24.00 target price on shares of Foot Locker in a report on Wednesday. Piper Sandler lowered their price target on Foot Locker from $23.00 to $19.00 and set a “neutral” rating for the company in a research note on Thursday. Morgan Stanley reduced their price objective on shares of Foot Locker from $17.00 to $16.00 and set an “underweight” rating on the stock in a research note on Friday, December 6th. Finally, Evercore ISI decreased their price objective on shares of Foot Locker from $30.00 to $22.00 and set an “outperform” rating for the company in a report on Monday. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $23.35.

Foot Locker Company Profile

Foot Locker, Inc, through its subsidiaries, operates as a footwear and apparel retailer in North America, Europe, Australia, New Zealand, Asia, and the Middle East. Its brand portfolio includes Foot Locker, a brand comprising sneakers and apparel; Kids Foot Locker, which offers athletic footwear, apparel, and accessories for children; and Champs Sports that operates as a mall-based specialty athletic footwear and apparel retailer.