Shares of Foot Locker (FL -29.35%) plunged 29.4% on Wednesday after the company announced a large loss based on generally accepted accounting principles (GAAP) for the crucial holiday quarter and followed with weak forward guidance. Foot Locker's latest quarter was actually better-than-expected For its fiscal fourth quarter 2023 ended Feb. 3, 2024, Foot Locker's total sales grew 2% year over year -- though comparable sales fell 0.7% after accounting for an extra week in the fiscal year -- to $2.334 billion. ...

财务数据和关键指标变化 - 第四季度销售额增长2%,包括第53周带来约1亿美元的收入贡献 [60] - 同店销售下降0.7%,大幅好于预期的7%-9%下降 [60] - 非GAAP每股收益为0.38美元,超出了0.26-0.36美元的指引范围 [61] - 毛利率下降350个基点至26.6%,主要由于更高的促销导致商品毛利下降400个基点 [61] - SG&A费用率上升10个基点至22.4%,成本优化节省约1000万美元抵消了通胀和薪资及技术投资的影响 [61] 各条业务线数据和关键指标变化 - 鞋类同店销售小幅正增长,好于上一季度的负高单位数 [45] - 服装同店销售下降低双位数,公司仍需努力稳定该类别 [45] - 配饰同店销售持平 [45] - 篮球类产品如Nike Air Force 1、Air Jordan 1以及Puma LaMelo MB.03等持续受到消费者欢迎 [46] - New Balance业务再次实现超过100%的增长,连续两年接近200%的增长 [47] - Adidas Terrace系列产品销售强劲 [47] - UGG在时尚消费者中表现出色,尤其是青少女消费群体 [49] 各个市场数据和关键指标变化 - 北美同店销售下降0.7%,其中Champs Sports的调整拖累了310个基点 [52] - Foot Locker北美同店销售增长4.8%,Kids Foot Locker同店销售增长6.9% [52] - Champs Sports同店销售下降10.4%,但下滑趋缓 [52] - WSS同店销售下降6.1%,全年同店销售下降6.8% [55] - 欧洲Foot Locker同店销售增长0.3%,亚太地区同店销售下降0.2% [57] - atmos同店销售下降1.8% [58] 公司战略和发展方向及行业竞争 - 公司正在向成为全球发现和购买所有与运动鞋相关的目的地的零售商转型 [130] - 公司正在执行"Lace Up"计划,包括扩大运动文化、优化业务组合、加深与客户的关系、提升全渠道能力等 [11][15][23][32][36][43] - 公司与品牌合作伙伴的关系得到加强,举办了首次品牌合作伙伴峰会 [24][50] - 公司加强了篮球领域的地位,与NBA达成官方营销合作伙伴关系,并推出"The Clinic"篮球项目 [17][25][26] - 公司正在简化业务,关闭Sidestep和atmos美国业务,并将部分亚洲市场转为特许经营模式 [18][19] - 公司正在优化组织架构,包括调整采购团队和财务部门,以提高库存管理和预测能力 [19][20] - 公司正在通过门店刷新和新概念店建设来优化实体店网络 [32][33] - 公司正在加大品牌建设和忠诚度计划投入,以吸引更广泛的客户群体 [36][37][38][39] 管理层对经营环境和未来前景的评论 - 宏观和零售环境仍然动态,但公司的"Lace Up"计划正在见效,业务呈现良好势头 [11] - 公司有信心"Lace Up"计划是正确的,将推动公司成为可持续盈利增长的现代全渠道零售商 [15][43] - 2024年将是另一个重要投资年,公司将继续专注于数字、忠诚度计划和品牌建设等关键领域 [21][22] - 公司预计2024年销售增长1%-3%,毛利率将扩大210-230个基点至29.8%-30.0% [66][68] - 公司将继续优化成本结构,2024年计划再实现8000万美元的成本节约 [70] - 公司预计到2026年实现5%-6%的销售增长,2028年达到8.5%-9%的营业利润率目标 [111][112] 问答环节重要的提问和回答 问题1 **Bob Drbul 提问** 询问2024年费用的具体构成和灵活性 [90] **Mike Baughn 回答** 公司将根据销售情况适当调整费用,但2024年仍将大幅投资于数字化、忠诚度计划和品牌建设等关键领域,为未来业绩加速奠定基础 [91][92] 问题2 **Janine Stichter 提问** 询问调整独家产品渗透率目标的原因,以及独家产品与促销环境的关系 [104] **Frank Bracken 回答** 调整目标是基于对店中空间和SKU产能的评估,公司希望专注于更大、更好的独家故事,并给予充足的营销支持 [105][106][107] 问题3 **Alex Straton 提问** 询问第四季度及年初销售趋势的变化,以及如何看待随着促销退出而带来的销售加速 [114] **Mike Baughn 回答** 第一季度公司预计销售持平至下低单位数,随着各项举措的推进,预计销售将在全年加速 [115][116][117]

公司概况 - Foot Locker是一个知名品牌，在全球拥有2500多家门店，销售额超过80亿美元[5] - 公司股价相对便宜，为0.3倍营业额[6] 财务表现 - Foot Locker在2月份股价上涨了22.3%[1] - Foot Locker在2023财年报告中显示销售增长仅为2%，毛利率下降[3] - 公司管理层将财务目标推迟至2028年[4] - 公司管理层预计长期年销售增长率为6%，但在第一年的计划中已远远落后[9] - 公司计划在2028年，50%的销售额将来自忠诚客户，但目前忠诚客户销售额仅为21%且未增长[10] 竞争压力 - 有传闻称有激进投资者对Foot Locker感兴趣[2] - 随着消费者可以更容易地直接从鞋类公司购买鞋类产品，Foot Locker要想保持竞争力将会面临困难[11]

Foot Locker (FL) reported $2.38 billion in revenue for the quarter ended January 2024, representing a year- over-year increase of 2%. EPS of $0.38 for the same period compares to $0.97 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $2.29 billion, representing a surprise of +3.90%. The company delivered an EPS surprise of +11.76%, with the consensus EPS estimate being $0.34. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and h ...

财务表现 - Foot Locker第四季度每股收益为0.38美元，超过了Zacks Consensus Estimate的0.34美元[1] - 公司在过去四个季度中两次超过了市场预期的盈利[2] - Foot Locker第四季度营收为23.8亿美元，超过了Zacks Consensus Estimate的3.90%[3] 股价走势 - 公司股价的短期走势将主要取决于管理层在财报电话会议中的评论[4]

Foot Locker Inc (NYSE: FL) is down about 8.0% in premarket on Wednesday even though it posted an upbeat Q4 earnings report. Copy link to section Investors are concerned because $FL disappointed in terms of profit guidance. The footwear retail stores company now forecasts its per-share earnings to fall between $1.50 and $1.70 this year. Analysts, in comparison, were at $1.86 a share. Plus, Mike Baughn – chief financial officer of Foot Locker said in the earnings press release today: Given our lower starting ...

The Foot Locker logo is displayed in a store on May 19, 2023 in San Francisco, California. Shares of Foot Locker fell in premarket trading Wednesday after the sneaker retailer reported a holiday-quarter loss and issued weak guidance for the current year. Here's how the company did in its fourth fiscal quarter, compared with estimates from analysts surveyed by LSEG, formerly known as Refinitiv: Earnings per share: 38 cents adjusted vs. 32 cents expected Revenue: $2.38 billion vs. $2.28 billion expected The c ...

Total Sales Increased 2.0%; Comparable Sales Decreased 0.7% Foot Locker and Kids Foot Locker North America Comparable Sales Increased +5.2% EPS Loss of $4.13 and Non-GAAP EPS Income of $0.38 Inventory Decreased 8.2% Year-over-Year Anticipates Return to Positive Comparable Sales Growth and EBIT Margin Expansion in 2024 2024 Non-GAAP EPS Guidance of $1.50-$1.70 including a Non-Recurring Charge of $0.10 Provides Update on Timing to Achieve Lace Up Plan Financial Targets NEW YORK, March 6, 2024 /PRNewswire/ -- ...

财报公布 - Foot Locker Inc (NYSE:FL)将在明天早盘公布财报[1] 市场预期 - 选项市场预计FL下一个交易日的波动幅度为25.9%[2] 情绪分析 - 分析师和交易员普遍持悲观态度，但如果FL发布积极结果，可能会带来正面影响[3] 选项交易活动 - 选项交易量已经达到平均日交易量的5倍，主要活动集中在3月8日到期的41美元行权看涨期权[4]

Exhibit 99.1 N E W S R E L E A S E Contacts: Kate Fitzsimons Investor Relations ir@footlocker.com Dana Yacyk Corporate Communications mediarelations@footlocker.com FOOT LOCKER, INC. REPORTS FOURTH QUARTER 2023 RESULTS; ISSUES 2024 OUTLOOK ● Total Sales Increased 2.0%; Comparable Sales Decreased 0.7% ● Foot Locker and Kids Foot Locker North America Comparable Sales Increased +5.2% ● EPS Loss of $4.13 and Non-GAAP EPS Income of $0.38 ● Inventory Decreased 8.2% Year-over-Year ● Anticipates Return to Positive C ...