FOOT LOCKER, INC. REPORTS FIRST QUARTER 2024 FINANCIAL RESULTS; REAFFIRMS 2024 OUTLOOK

Foot Locker (FL) PT Raised to $26 at Jefferies

Jefferies analyst Corey Tarlowe raised the price target on Foot Locker (NYSE: FL) to $26.00 (from $24.00) while maintaining a Hold rating.

The analyst comments "FL's 1Q SSS, GM, and EPS came ahead of Street ests, while revenue and OM were in-line. Champs continues to close stores,... More

Foot Locker (FL) PT Raised to $27 at Telsey

Telsey analyst Cristina Fernandez raised the price target on Foot Locker (NYSE: FL) to $27.00 (from $26.00) while maintaining a Market Perform rating.

The analyst comments "We were pleased that Foot Locker's 1Q24 showed sequential improvement in both the comp and markdown activity as the quarter progressed, indicating its business and the industry are on better footing. This trend was driven by a combination of leaner inventories and better... More

Foot Locker (FL) PT Raised to $34 at Evercore ISI

Evercore ISI analyst Michael Binetti raised the price target on Foot Locker (NYSE: FL) to $34.00 (from $32.00) while maintaining a In Line rating.

The analyst comments "In our view, the outsized move in FLs stock is due to comments that SSS accelerated... More

Foot Locker (FL) surges on earnings beat

(Updated - May 30, 2024 9:48 AM EDT)

Shares of Foot Locker (NYSE: FL) jumped 30% at the open on Thursday as the company reported a first-quarter adjusted EPS of $0.22, surpassing the analyst estimates by $0.09.

However, revenue fell slightly short of expectations at $1.87 billion against a consensus of $1.89 billion. The New York-based athletic retailer also reaffirmed its full-year 2024 adjusted EPS guidance of $1.50-$1.70, aligning with the midpoint above the analyst consensus of $1.57.

Foot Locker's first-quarter results showcased a... More