Foot Locker (FL) Tops Q4 EPS by 46c; Guides FY23 Lower

Foot Locker (NYSE: FL) reported Q4 EPS of $0.97, $0.46 better than the analyst estimate of $0.51. Revenue for the quarter came in at $2.33 billion versus the consensus estimate of $2.15 billion.

Comparable-store sales grew by 4.2%, driven by increased traffic and improved access to high-quality inventory, resulting in broad-based strength across brands and regions.

GUIDANCE:

Foot Locker sees FY2023 EPS of $3.35-$3.65, versus the consensus of $4.15. Sees FY2023 sales down 3.5-5%, including ~1% from an extra week.

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

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