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

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
Trade Now! 
Join SI Premium – FREE

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.

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.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Earnings, Guidance, Hot Earnings, Hot Guidance

Related Entities

Earnings