Foot Locker Earnings: Everything You Must Know Now

Foot Locker, Inc. (NYSE:FL) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!

Foot Locker, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 9.64% to $0.91 in the quarter versus EPS of $0.83 in the year-earlier quarter.

Revenue: Rose 3.8% to $1.64 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Foot Locker, Inc. reported adjusted EPS income of $0.91 per share. By that measure, the company beat the mean analyst estimate of $0.88. It missed the average revenue estimate of $1.64 billion.

Quoting Management: “I am pleased to report that the thoughtful implementation of our strategic priorities continues to deliver record financial and operational results for our shareholders and other stakeholders” said Ken C. Hicks, Chairman of the Board and Chief Executive Officer. “It takes a true team effort and excellent performance to generate the kind of momentum that enabled us to post the best quarterly profit results in our history as an athletic company — for the second year in a row. I want to thank all of our associates for their consistent focus on, and strong execution of, our key initiatives, which led to this achievement.”

Key Stats (on next page)…

Revenue decreased 4.38% from $1.71 billion in the previous quarter. EPS increased 24.66% from $0.73 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.45 to a profit $0.49. For the current year, the average estimate has moved down from a profit of $2.83 to a profit of $2.81 over the last ninety days.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)