Foot Locker Cuts Outlook On Soft Consumer Spending In Q3, Stock Tanks
Foot Locker Cuts Outlook On Soft Consumer Spending In Q3, Stock Tanks
During the quarter, the company opened ten new stores and closed 24. It also remodeled or relocated 20 stores and updated 167 stores to current design standards. Inventory decreased 6.3% year over year.Foot Locker, Inc (NYSE:FL) stock tumbled in the premarket session on Tuesday. The company reported a third-quarter adjusted EPS of $0.33, missing the analyst consensus estimate of $0.41. Quarterly sales of $1.96 billion missed the street view of $2.02 billion.
富樂客公司（紐交所：FL）股票在週二的盤前交易中大幅下跌。該公司報告了第三季度調整後的每股收益爲$0.33，未能達到分析師共識估計的$0.41。季度銷售額爲$19.6億，低於市場預期的$20.2億。
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Total sales decreased 1.4% year over year. Comparable sales grew by 2.4%, led by 2.8% growth in global Foot Locker and Kids Foot Locker comparable sales.
總銷售額同比下降1.4%。可比銷售額增長了2.4%，這主要得益於全球富樂客和兒童富樂客可比銷售額增長了2.8%。
During the quarter, the company opened ten new stores and closed 24. It also remodeled or relocated 20 stores and updated 167 stores to current design standards. Inventory decreased 6.3% year over year.
在本季度，公司新開了十家門店並關閉了24家。還對20家門店進行了改造或遷址，並將167家門店更新至當前設計標準。庫存同比減少了6.3%。
As of November 2, the company operated 2,450 stores in 26 countries in North America, Europe, Asia, Australia, and New Zealand.
截至11月2日，公司在北美、歐洲、亞洲、澳洲和新西蘭運營着2450家門店。
In addition, 214 franchised stores were operating in the Middle East and Asia.
此外，在中東和亞洲擁有214家特許經營店。
Foot Locker's gross margin increased by 230 basis points. Quarterly adjusted net income was $31 million, compared with $28 million in the prior year.
富樂客的毛利率增加了230個點子。季度調整後的淨利潤爲$3100萬，而去年同期爲$2800萬。
At quarter-end, the company's cash and cash equivalents totaled $211 million, while total debt was $445 million.
季度末，公司現金及現金等價物總計爲$21100萬，而總債務爲$44500萬。
CEO Mary Dillon flagged a softening of consumer spending trends following the peak Back-to-School period in August and a more-than-expected elevated promotional environment, leading to the third-quarter consensus misses.
首席執行官瑪麗·迪倫表示，在8月份的返校高峰期後，消費支出趨勢有所減弱，並且促銷環境超出預期的嚴峻，這導致了第三季度的共識未達預期。
Despite disappointing trends in early November as consumers held back their spending ahead of the holiday season, the company noted a meaningful and positive acceleration over the key Thanksgiving week, especially in stores.
儘管11月初消費趨勢令人失望，消費者在假日季節前抑制支出，但公司指出在關鍵的感恩節周出現了顯著的積極加速，尤其是在門店。
Outlook: Foot Locker lowered fiscal 2024 adjusted EPS guidance to $1.20-$1.30 (prior $1.50-$1.70) versus the $1.53 consensus.
展望：富樂客將2024財年調整後的每股收益指引下調至1.20美元至1.30美元（之前爲1.50美元至1.70美元），而共識爲1.53美元。
Foot Locker revised sales growth outlook to 1.5% to 1.0% decline (prior (1%) to +1%) in fiscal 2024 year over year, or $8.032 billion- $8.072 billion (prior $8.072 billion-$8.236 billion) versus the consensus of $8.143 billion.
富樂客將銷售增長前景修正爲下降1.5%至下降1.0%（之前爲下降1%至增長1%），2024財年同比銷售額預期爲80.32億至80.72億（之前爲807.2億至82.36億），共識爲81.43億。
It lowered the gross margin guidance to 28.7% to 28.8% (prior to 29.5%-29.7%) to reflect promotional pressure.
它將毛利率指引下調至28.7%至28.8%（之前爲29.5%至29.7%），以反映促銷壓力。
The company expects fourth-quarter adjusted EPS of $0.70-$0.80 (versus consensus of $0.94), sales change of (3.5)%-(1.5)% or $2.297 billion—$2.344 billion (versus consensus of $2.351 billion) and gross margin of 29.0%- 29.2%.
該公司預計第四季度調整後的每股收益爲0.70美元至0.80美元（共識爲0.94美元），銷售變化爲-3.5%至-1.5%，或22.97億至23.44億（共識爲23.51億），毛利率爲29.0%至29.2%。
Foot Locker stock has plunged 22% year-to-date.
富樂客股票今年迄今已下跌22%。
Price Action: FL stock is down 17.10% to $20.10 premarket at the last check on Wednesday.
價格走勢：FL股票在週三最後一次檢查時下跌了17.10%，報20.10美元。
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Photo by Sorbis via Shutterstock
圖片來源：Sorbis via shutterstock