财务表现 - 公司在第二季度录得总销售额18.96亿美元，同比增长1.9%[83] - 公司在前26周录得总销售额37.7亿美元，同比下降0.5%[83] - 剔除汇率影响,第二季度总销售额同比增长2.5%,前26周基本持平[83] - 第二季度和前26周可比销售额分别增长2.6%和0.3%[83] - 公司第二季度总销售额为18.96亿美元，同比增长1.9%[89] - 直接面向客户的销售额为3.02亿美元，同比增长4.5%[89] - 北美地区销售额在汇率不变的情况下增长3.6%，EMEA地区增长5.1%[90] - 亚太地区销售额在汇率不变的情况下下降15.2%[90] - 毛利率为27.6%，同比上升50个基点[95][96] - 销售、一般及管理费用(SG&A)为4.76亿美元，同比增长7.7%[97] - 公司在第二季度的营业利润为1700万美元，营业利润率为0.9%[104] - 公司在前26周的营业利润为6000万美元，营业利润率为1.6%[104] - 分部利润率占销售额的百分比下降至0.9%和1.6%[105] - 利息费用净额减少100万美元[106] 资产减值及业务调整 - 公司推出FLX会员计划,导致第二季度销售额减少1100万美元[83] - 公司在第二季度录得9百万美元的减值及其他费用[87] - 公司计划在2025年中期前关闭韩国、丹麦、挪威和瑞典的所有门店[79] - 公司计划在2025年上半年出售希腊和罗马尼亚业务[79] - 公司在韩国、丹麦、挪威和瑞典等地区决定退出亏损业务，并计提了900万美元的长期资产减值[100] 税务及现金流 - 所得税有效税率发生变化,主要由于税前亏损和非扣除费用相对保持不变,以及地理利润组合发生变化[110,111,113] - 公司预计2024年全年资本支出为3.3亿美元,包括更新门店、技术和供应链等投资[117] - 经营活动现金流增加主要反映了营运资本改善,存货和应付款项变动贡献较大[119,120] - 投资活动现金流出增加主要由于资本支出增加[121] - 融资活动现金流出减少主要由于不再支付股息和减少股票回购[122] 其他 - 公司将于2025年底将全球总部迁至佛罗里达州圣彼得堡[80] - 公司在第二季度经营亏损900万美元,全年亏损100万美元[86] - 其他(费用)收益净额反映了与养老金和退休后福利计划相关的费用[107,108,109]

Global retailer marks five decades with limited-edition releases and engaging eventsNEW YORK, Sept. 5, 2024 /PRNewswire/ -- Foot Locker (NYSE: FL) proudly announces a month-long celebration of its 50th anniversary this September, featuring a series of events and the launch of a limited-edition sneaker and apparel collection in collaboration with Nike, adidas, New Balance, PUMA, and Converse.Foot Locker 50th Anniversary Limited-Edition CollectionFor five decades, Foot Locker has been a global leader in sneak ...

Markets have been so focused on earnings from the technology sector this quarter that they have completely let other companies fly by right under their noses. Stocks in the consumer discretionary sector might be falling out of favor as the U.S. consumer struggles with inflation and rising credit card delinquencies, but they have recently found reason to stay positive, judging by the uptick in consumer confidence.The optimism might be rooted in the fact that the Federal Reserve (the Fed) is looking to cut in ...

JHVEPhotoFoot Locker's (NYSE:FL) Q2 2024 results were not bad, but the market didn't like them, and the stock tanked 10% after the release. The company posted comparable and absolute growth across its main banner and in North America and EMEA. Thanks to lower clearance, margins are improving both at the gross and operating levels, albeit I am concerned about the deleveraging in SG&A. For a retailer, posting positive comparables should be good news because of leverage. Despite this, the stock tanked afte ...

文章核心观点 - 公司的Lace Up计划取得初步成功,推动了数字业务、门店体验、会员计划和品牌建设的发展 [1][2][3] - 公司二季度业绩表现良好,总销售额和同店销售均实现增长,毛利率也有所扩大 [2][3][4] - 公司正在简化和优化业务,关闭部分海外市场的门店和电商业务,同时将部分市场的业务转让给当地合作伙伴 [5][6] - 公司数字化转型持续推进,数字销售占比提升至15.9%,并计划在第四季度推出新的移动应用 [7] - 会员计划FLX的重新推出取得良好效果,二季度通过会员渠道的销售增长24% [8] - 公司在纽约开设了全新的"Home Court"概念店,集合多个运动品牌,提升篮球运动体验 [9][10][11] - 公司将在未来将总部从纽约市迁至佛罗里达州圣彼得堡,以提升团队协作和运营效率 [12][13]

Foot Locker is relocating its headquarters to Florida from New York.  The footwear retailer said Wednesday the city of St. Petersburg will become its new corporate headquarters come late 2025. Foot Locker said it was seeking to "further build on the Company’s meaningful presence in St. Petersburg and to enable increased collaboration among teams across banners and functions, while also reducing costs." The retailer already has a "very meaningful commercial and executive team presence" in St. Petersburg, acc ...

Foot Locker, Inc. FL shares are diving today after it released second-quarter results.The company reported a second-quarter adjusted EPS loss of 5 cents, beating the analyst consensus estimate of a 7-cent loss and sales of $1.896 billion, beating the street view of $1.888 billion.The company reiterated fiscal 2024 sales change of (1%)-1%, or $8.072 billion to $8.236 billion vs. the consensus of $8.130 billion and adjusted EPS guidance of $1.50-$1.70 versus the $1.54 consensus.J.P.Morgan analyst Matthew R. B ...

Foot Locker delivered some positive surprises with its Q2 report, but the company also had some bad news for investors.Foot Locker (FL -10.61%) stock is falling in Wednesday's trading. The company's share price was down 12.3% as of 12:30 p.m. ET, according to data from S&P Global Market Intelligence.Foot Locker published second-quarter results before the market opened this morning and actually delivered results that beat Wall Street's expectations on most key fronts. But management paired the release with s ...

财务数据和关键指标变化 - 总销售额增长1.9%,同店销售增长2.6%,超出预期的扁平至略有增长 [91] - 毛利率同比增加50个基点至27.6%,主要受益于较低的促销力度和租金费用的杠杆效应 [93][94] - 非GAAP每股亏损0.05美元,包括0.09美元的FLX会员计划过渡费用影响 [99] 各条业务线数据和关键指标变化 - 鞋类业务同店销售增长高个位数,其中篮球鞋和乔丹系列表现强劲 [58][59][61] - 服装业务同店销售下降中个位数,仍面临较高的促销压力 [72][73] - 配件业务同店销售增长中个位数,补充性产品如袜子和护理用品表现良好 [74] 各个市场数据和关键指标变化 - 北美地区同店销售增长1.7%,Foot Locker和Kids Foot Locker旗舰店表现出色 [77][78] - 欧洲地区同店销售增长7.6%,但仍面临一定的促销压力,尤其是法国市场 [162][163] - 亚太地区同店销售下降4.5%,受到澳大利亚市场消费者需求下降的影响 [88] 公司战略和发展方向及行业竞争 - 公司正在简化和优化业务,关闭韩国、北欧等表现欠佳的国际市场,同时与合作伙伴拓展东南欧市场 [133][135] - 公司将把总部迁至佛罗里达州圣彼得堡,并在达拉斯开设新的技术服务中心 [24][25] - 公司正在通过新零售概念店、门店翻新等方式提升购物体验,并加强与Nike、Jordan等品牌的合作 [35][36][62] - 公司正在加强会员计划建设,FLX会员在第二季度销售占比达24% [50][51][52] - 公司预计将在第四季度实现与Nike的销售增长,并推出新的移动应用程序 [155][156][157] 管理层对经营环境和未来前景的评论 - 公司对第三季度和第四季度的销售增长以及全年业绩目标保持信心 [105][106][111][112][113] - 管理层认为公司的战略举措正在发挥作用,带动销售和毛利率的改善 [10][11][14][15][16] - 管理层表示,尽管消费者面临一定的经济压力,但运动鞋服仍是他们的消费重点 [123][124][125][126] 其他重要信息 - 公司计划在2024年第三季度发布第三季度财报 [8] - 公司2024年资本支出预算为330百万美元,其中包括55百万美元的IT投资 [110] 问答环节重要的提问和回答 问题1 **Janine Stichter 提问** 询问公司在严峻环境下如何实现加速同店销售增长和减少促销力度 [118] **Mary Dillon 回答** 公司执行力的提升、库存管控、会员计划等举措共同推动了销售和毛利率的改善 [120][121][122][123][124] 问题2 **Alex Conway 提问** 询问公司关闭韩国、北欧市场以及与合作伙伴拓展东南欧市场的考虑 [132] **Mary Dillon 回答** 公司根据市场的增长潜力、盈利能力、与客户定位的匹配度等因素进行了优化调整 [133][134][135] 问题3 **Michael Binetti 提问** 询问第三季度和第四季度毛利率下调的原因,以及总部搬迁和国际业务优化的财务影响 [161] **Frank Bracken 和 Mike Baughn 回答** 欧洲市场的促销压力、法国市场表现不佳导致了毛利率下调,而总部搬迁和国际业务优化预计将带来20个基点的EBIT率提升 [162][163][165]

Key TakeawaysFoot Locker posted sales growth of 1.9%, narrowly beating expectations.The company announced store closures in Asia and Europe.The company's 2024 guidance, including flat revenue at the midpoint, remained unchanged. Foot Locker (FL) shares took a dive Wednesday after the company’s second-quarter results underwhelmed investors. The sneaker retailer said revenue grew 1.9% year-over-year to $1.9 billion, just above the analyst consensus, per Visible Alpha. It posted a loss of 13 cents per share, ...