Shares of Foot Locker (NYSE:FL) fell 1.5% in pre-market trading after the company reported Q1 results.
Earnings per share fell 143.79% over the past year to ($0.67), which may not compare to the estimate of $0.49.
Revenue of $1,176,000,000 decreased by 43.41% year over year, which missed the estimate of $1,580,000,000.
Earnings guidance hasn't been issued by the company for now.
Foot Locker hasn't issued any revenue guidance for the time being.
Conference Call Details
Date: May 22, 2020
Time: 09:00 AM
52-week high: $56.43
52-week low: $17.46
Price action over last quarter: down 18.32%
Foot Locker operates thousands of retail stores throughout the United States, Canada, Europe, Australia, and New Zealand. It also has one franchisee in the Middle East and one in South Korea, each of which operates multiple stores in those regions. The company mainly sells athletically inspired shoes and apparel. Foot Locker's merchandise comes from only a few suppliers, with Nike providing the majority. Store names include Foot Locker, Champs, and Runners Point. The company also has an e-commerce business selling through Footlocker.com, Eastbay, and Final-Score.