Foot Locker, Inc (NYSE:FL) stock tumbled in the premarket session on Thursday. The company reported a second-quarter adjusted EPS loss of 5 cents, beating the analyst consensus estimate of 7-cent loss. Quarterly sales of $1.896 billion beat the street view of $1.888 billion.
Total sales increased 1.9% year over year. The comparable sales grew by 2.6%, which was led by 5.2% growth in global Foot Locker and Kids Foot Locker comparable sales.
During the quarter, the company opened five new stores and closed 31. It also remodeled or relocated 14 stores and updated 67 stores to current design standards. Inventory decreased 10.0% year over year.
Foot Locker's gross margin increased by 50 basis points, including a 40-basis point drag from the non-recurring FLX Rewards Program charge. Quarterly adjusted net loss was $(4) million, compared with $4 million profit in the corresponding prior-year period.
At quarter-end, the company's cash and cash equivalents totaled $291 million, while total debt was $445 million.
As of August 3, the company operated 2,464 stores in 26 countries in North America, Europe, Asia, Australia, and New Zealand.
In addition, 213 franchised stores were operating in the Middle East and Asia.
CEO Mary Dillon: "The Lace Up Plan is working, as evidenced by our return to positive total and comparable sales growth as well as gross margin expansion in the second quarter. Our top line trends strengthened as we moved through the quarter, including a solid start to Back-to-School."
Outlook: The company reiterated fiscal 2024 adjusted EPS guidance of $1.50-$1.70 versus the $1.54 consensus.
Foot Locker maintained sales change of (1%)-1% in fiscal 2024 year over year, or $8.072 billion—$8.236 billion versus the consensus of $8.130 billion.
Gross Margin guidance stands at 29.5%- 29.7% (prior 29.8%- 30.0%) to reflect promotional pressure in international and WSS.
Foot Locker stock has gained over 77% in the last 12 months.
Price Action: FL stock traded lower by 8.11% to $30.15 premarket at the last check on Wednesday.
週三，Foot Locker, Inc (NYSE:FL)股票在盤前交易中下跌。該公司報告了第二季度調整後的每股收益虧損5美分，超過了分析師的共識預期7美分虧損。季度銷售額達到18.96億美元，超過了街市預期的18.88億美元。
總銷售額同比增長1.9%。富樂客全球和Kids Foot Locker可比銷售增長2.6%，其中孩童裝銷售增長了5.2%。
在這個季度，該公司新開了5家店面，關閉了31家店面。還進行了14家店面的翻修或遷址，並將67家店面更新至當前設計標準。存貨同比減少10.0%。
富樂客的毛利率增加了50個點子，其中40個點子來自非經常性FLX Rewards計劃費用。季度調整後的淨虧損爲400萬美元，而去年同期爲400萬美元的盈利。
截至季末，該公司的現金及現金等價物總計爲2.91億美元，而總債務爲4.45億美元。
截至8月3日，該公司在北美、歐洲、亞洲、澳洲和新西蘭的26個國家經營着2464家門店。
此外，在中東和亞洲地區還經營着213家特許經營店。
首席執行官Mary Dillon：「繫帶計劃正在發揮作用，這在第二季度體現爲我們總銷售額和可比銷售額的正增長，以及毛利率的提升。在季度過程中，我們的營收趨勢不斷增強，包括開學季的良好開局。」
展望：公司重申2024財年調整後每股收益指引爲1.50美元至1.70美元，預估爲1.54美元。
富樂客保持2024財年銷售額同比變化爲負1%至正1%，即8072億至8236億美元，預估爲813億美元。
毛利率指南爲29.5%-29.7%（之前爲29.8%-30.0%），反映了國際市場和WSS的促銷壓力。
富樂客的股票在過去12個月中上漲了77%。
價格走勢：FL股票在週三盤前交易中下跌8.11%，至30.15美元。
