Foot Locker (FL) Tops Q1 EPS by 9c, Offers Guidance

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May 20, 2022 6:47 AM EDT
Get Alerts FL Hot Sheet
Price: $29.55 --0%

EPS Growth %: -18.4%

Financial Fact:
Sales: 1.89B

Today's EPS Names:
DLNG, JEF, CNXC, More
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Foot Locker (NYSE: FL) reported Q1 EPS of $1.60, $0.09 better than the analyst estimate of $1.51. Revenue for the quarter came in at $2.18 billion versus the consensus estimate of $2.21 billion.

GUIDANCE:

Foot Locker sees FY2022 EPS at upper end of $4.25-$4.60, versus the consensus of $4.41.

The Company's updated full-year 2022 outlook is summarized in the table below.

Sales Change

Upper end of down 4% to 6%

Comparable Sales Growth

Upper end of down 8% to 10%

Square Footage Growth

Down 1% to 2%

Gross Margin

30.6% to 30.8%

SG&A Rate

20.7% to 20.9%

D&A

~$214 million

Interest

~$20 million

Tax Rate

29-30%

Non-GAAP EPS

Upper end of $4.25-$4.60

Capital Expenditures

Up to $275 million

For earnings history and earnings-related data on Foot Locker (FL) click here.


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