Recap: Foot Locker Q3 Earnings

Shares of Foot Locker FL moved higher by 6% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were up 7.08% year over year to $1.21, which beat the estimate of $0.62.

Revenue of $2,106,000,000 rose by 9.01% year over year, which beat the estimate of $1,940,000,000.

Guidance

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: Nov 20, 2020

Time: 09:00 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/fl/mediaframe/41366/indexr.html

Price Action

52-week high: $45.09

Company's 52-week low was at $17.46

Price action over last quarter: Up 51.29%

Company Overview

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.