$FL (Foot Locker, Inc.)

$FL {{ '2016-05-20T13:42:58+0000' | timeago}} • Webcast

$FL ended 1Q16 with $1,062MM in cash. During 1Q16, the company repurchased 1.37MM shares for $87.8MM. $FL spent approx. $65MM of capital as it continues to track towards its planned expenditures this year of $297MM. $FL believes it can achieve mid single digit comp for full-year 2016 and double digit EPS growth with 10-30BP of GM improvement.

$FL {{ '2017-05-19T15:12:29+0000' | timeago}} • Webcast

$FL said that Easter holiday shift continues to impact the business in Europe with the three-week shift. The company added that the latest guidance is based on the current view. $FL expects mid-single digit comp growth in 3Q17 along with double-digit earnings growth.

$FL {{ '2017-05-19T14:12:24+0000' | timeago}} • Webcast

Given the recent macro events in Europe, traffic was uneven across $FL's major markets. The company believes traffic to rebound there. Internet business in Europe continues to grow rapidly and $FL expects the momentum in digital business to continue throughout 2017.

$FL {{ '2017-05-19T13:46:30+0000' | timeago}} • Webcast

For 2Q17, $FL expects comparable sales to be up in low-single digits and earnings to be flat compared to a year ago. The company expects mid-single digit EPS increase for the full-year, excluding the 53rd week. In 2017, $FL plans to open 33 new stores with 20 in North America and 13 in overseas.

$FL {{ '2017-05-19T13:39:29+0000' | timeago}} • Webcast

$FL said it failed in achieving the goal of continually increasing its earnings during 1Q17. The company added that it experienced unprecedented challenges in the beginning of the quarter. The last couple of weeks of the quarter were not strong as the company anticipated. This led $FL to produce EPS of $1.36, which is the lower end of its revised EPS outlook.

$FL {{ '2017-05-19T12:34:32+0000' | timeago}} • Infographic

$FL Foot Locker, Inc. Earnings AlphaGraphics: Q1 2017 highlights

$FL {{ '2017-05-19T11:06:55+0000' | timeago}} • Announcement

$FL's cash totaled $1.049Bil, while the debt on its balance sheet was $127MM at April 29, 2017. The company spent $38MM to repurchase 546,000 shares during 1Q17 and paid a quarterly dividend of $0.31 per share.

$FL {{ '2017-05-19T11:03:52+0000' | timeago}} • Announcement

During 1Q17, $FL opened 30 new stores, remodeled or relocated 61 stores and closed 39 stores. As of April 29, 2017, the company operated 3,354 stores in 23 countries in North America, Europe, Australia, and New Zealand. Additionally, 62 franchised $FL stores were operating in the Middle East and South Korea.

$FL {{ '2017-05-19T11:01:27+0000' | timeago}} • Announcement

Sportswear and footwear giant $FL posted lower 1Q17 earnings, hurt by delay in income tax refunds. Net income fell 5.75% to $180MM or $1.36 per share from $191MM or $1.39 per share a year ago. Revenue for the quarter increased marginally by 0.70% to $2Bil from $1.98Bil in 1Q16. Comp store sales for the quarter increased 0.5%.

$FL {{ '2017-05-17T14:28:29+0000' | timeago}} • Announcement

Athletic retailer $FL declared a quarterly cash dividend of $0.31 per share, which will be payable on July 28, 2017 to shareholders of record on July 14, 2017.

$FL {{ '2017-04-20T16:03:10+0000' | timeago}} • Announcement

For the remaining three quarters of the year, $FL still believes it will achieve a double-digit EPS percentage increase and a mid-single digit comparable store sales percentage increase. However, the sluggish 1Q is expected to result in a revised full-year EPS percentage increase in the mid-single digits, excluding the 53rd week.

$FL {{ '2017-04-20T16:02:02+0000' | timeago}} • Announcement

$FL now expects 1Q17 EPS to be equal to or slightly below last year's record earnings, or $1.36-1.39 per share. Comparable store sales in 1Q17 are expected to increase at a low-single digit percentage rate.

$FL {{ '2017-02-24T14:42:46+0000' | timeago}} • Webcast

$FL said it is planning to open 90 stores and close about 100 stores in 2017. The new stores will be concentrated in Europe, Kids Foot Locker and Footaction. In addition, the company has planned to open three SIX:02 stores in 2017.

$FL {{ '2017-02-24T14:41:31+0000' | timeago}} • Webcast

$FL said it continues to invest in technology and customer experience, including the rollout of the order planning module of merchandise allocation system, new e-commerce platform, pilot and plan to roll out of new generation point-of-sale system later in 2017.

$FL {{ '2017-02-24T13:08:42+0000' | timeago}} • Infographic

$FL Foot Locker Inc. Earnings AlphaGraphics: Q4 2016 Highlights

$FL {{ '2017-02-24T12:28:01+0000' | timeago}} • Announcement

$FL spent $80MM to repurchase 1.1MM shares during 4Q16 and paid a quarterly dividend of $0.275 per share. For the full year, the company returned $579MM to shareholders, $432MM in share repurchase and $147MM in dividends.

$FL {{ '2017-02-24T12:26:51+0000' | timeago}} • Announcement

During 4Q16, $FL opened 20 new stores, remodeled or relocated 59 stores, and closed 51 stores. As of Jan. 28, 2017, the company operated 3,363 stores in 23 countries. In addition, 59 franchised Foot Locker stores were operating in the Middle East and South Korea, as well as 15 franchised Runners Point stores in Germany.

$FL {{ '2017-02-24T12:20:51+0000' | timeago}} • Announcement

Athletics shoe retailer $FL reported a 20% YoY jump in its 4Q16 earnings to $189MM, or $1.42 per diluted share. On a non-GAAP basis, the company's earnings grew 18% to $1.37 per diluted share. Total sales for the quarter grew 5.3% YoY to $2.1Bil. Comparable-store sales increased 5%.

$FL {{ '2017-02-16T15:09:52+0000' | timeago}} • Announcement

$FL's BoD approved a $277MM capital expenditure program for 2017, close to the $284MM of capital that it invested in 2016. The company will continue to spend capital to build on its key strategic initiatives.

$FL {{ '2017-02-16T15:08:44+0000' | timeago}} • Announcement

$FL's BoD declared a quarterly cash dividend of $0.31 per share, which will be payable on April 28, 2017 to shareholders of record on April 13, 2017. This represents a 13% increase over prior dividend. Second, the BoD approved a new 3-year, $1.2Bil common share repurchase program extending through January 2020, replacing prior $1Bil program.

$FL {{ '2017-02-16T15:07:51+0000' | timeago}} • Announcement

$FL's BoD has authorized three capital allocation initiatives that meaningfully enhance shareholder returns while also sustaining a strong level of investment in its business as it works to attain its long-term financial goals.

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