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