Latest news with #FL
Yahoo
3 days ago
- General
- Yahoo
Silver Alert: Missing man last seen on Jacksonville's Northside
The Jacksonville Sheriff's Office needs your help finding a missing man. Officers are looking for David Johnson, 61. His family reported him missing Thursday night. He was last seen in the Lem Turner and Broward Road area. >>> STREAM ACTION NEWS JAX LIVE <<< Mr. Johnson has been diagnosed with a traumatic brain injury and is showing signs of dementia, according to his family. He may be driving a 2017 Silver Hyundai Tucson bearing FL tag 'REVE09'. Police are concerned for his safety, not only because of his diminished mental condition, but also because Mr. Johnson is not from the area. If you see him, call JSO at 904-630-0500. [DOWNLOAD: Free Action News Jax app for alerts as news breaks] [SIGN UP: Action News Jax Daily Headlines Newsletter] Click here to download the free Action News Jax news and weather apps, click here to download the Action News Jax Now app for your smart TV and click here to stream Action News Jax live.
Yahoo
4 days ago
- Business
- Yahoo
FL Q1 Loss Meets Estimates, Comparable Sales Decline 2.6% Y/Y
Foot Locker, Inc. FL has posted first-quarter fiscal 2025 results, with the top line lagging the Zacks Consensus Estimate and the bottom line meeting the same. Both metrics declined year over year. Comparable sales declined year over year in the quarter under company continues to execute its Lace Up Plan strategies as it prepares for the completion of the DICK'S Sporting Goods transaction. Softer global traffic trends impacted first-quarter performance. During the quarter, focus remained on rolling out the Reimagined and Refresh programs, enhancing digital offerings, strengthening customer engagement through the FLX program and leveraging brand partnerships. The company also stayed agile in managing promotions, inventories, expenses and cash flow amid an uncertain macroeconomic environment. Foot Locker, Inc. price-consensus-eps-surprise-chart | Foot Locker, Inc. Quote The athletic shoes and apparel retailer posted an adjusted loss of seven cents per share. The figure significantly decreased from adjusted earnings of 22 cents in the prior-year quarter. (Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.)Total revenues of $1,788 million decreased 4.6% from the year-ago period. Excluding the impacts of foreign-currency fluctuations, total revenues decreased 4.5%. Revenues missed the Zacks Consensus Estimate of $1,826 million. Comparable sales declined 2.6% year over year, including a 0.5% decrease in the North American region. In the company's international operations, comparable sales dropped 8.5%, primarily due to weakness in Foot Locker Europe. Gross profit was $514 million, down 5.5% year over year. FL's gross margin rate increased 40 basis points (bps) year over year to 28.7%. Merchandise margins fell 10 bps, while occupancy costs, as a percentage of sales, rose 30 bps year over year. We expected the gross margin to be 28.3% in the quarter under general and administrative (SG&A) costs declined 0.7% year over year to $458 million. This metric, as a percentage of sales, deleveraged 100 basis points compared with the prior-year period, due to the impact of lower sales and investments in technology that outweighed the benefits of the cost optimization program and continued expense discipline. We anticipated SG&A expenses, as a percentage of sales, to deleverage 90 bps. In the first quarter, the company opened nine new stores and closed 56 stores, including locations in South Korea, Denmark, Norway, Sweden, Greece and Romania. FL also remodeled or relocated 11 stores and updated 69 stores to reflect its revised design standards, which feature key elements of the current brand of May 3, 2025, the company operated 2,363 stores across 20 countries in North America, Europe, Asia, Australia and New Zealand. Additionally, 236 licensed stores were operating in the Middle East, Europe and Asia. These licensed operations include the Greece and Romania businesses, which were sold to the company's license partner in April announced on May 15, 2025, Foot Locker and DICK'S Sporting Goods have finalized a definitive merger agreement, under which DKS will acquire Foot Locker. FL Stock Past Three-Month Performance Image Source: Zacks Investment Research This Zacks Rank #4 (Sell) company ended the fiscal first quarter with cash and cash equivalents of $343 million. Long-term debt and obligations under finance leases amounted to $440 million. Shareholders' equity totaled $2.61 billion. As of May 3, 2025, merchandise inventories were $1.67 billion, up 0.4% from the year-earlier the past three months, FL shares have gained 33.7% compared with the industry's 4.9% growth. Some better-ranked stocks are Urban Outfitters Inc. URBN, Genesco Inc. GCO and Allbirds Inc. Outfitters is a lifestyle specialty retailer that offers fashion apparel and accessories, footwear, home decor and gift products. It currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks Zacks Consensus Estimate for URBN's fiscal 2025 earnings and sales implies growth of 20.9% and 8%, respectively, from the year-ago actuals. URBN delivered a trailing four-quarter average earnings surprise of 29%.Genesco is a Nashville-based specialty retail and branded company that sells footwear and accessories in retail stores. It currently has a Zacks Rank #2 (Buy).The Zacks Consensus Estimate for GCO's fiscal 2025 earnings and sales implies growth of 62.8% and 0.6%, respectively, from the year-ago actuals. Genesco delivered a trailing four-quarter average earnings surprise of 37.2%.Allbirds is a lifestyle brand that uses naturally derived materials to make footwear and apparel products. It carries a Zacks Rank of 2 at Zacks Consensus Estimate for BIRD's current financial-year's earnings implies growth of 16.1% from the year-ago actual. The company delivered a trailing four-quarter average earnings surprise of 21.3%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Urban Outfitters, Inc. (URBN) : Free Stock Analysis Report Foot Locker, Inc. (FL) : Free Stock Analysis Report Genesco Inc. (GCO) : Free Stock Analysis Report Allbirds, Inc. (BIRD) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
4 days ago
- Business
- Yahoo
Retail Roundup: Several Preliminary Earnings Announcements Alongside Macro Uncertainty
Retailers, like much of the broader market, have reported better-than-expected Q1 earnings. Yes, there have been troublemakers like Target (TGT) and America Eagle (NYSE:AEO), but Walmart (WMT), TJX Companies (TJX), and Home Depot (HD) didn't point to an immediate severe consumer-spending slowdown. What's more, the April Retail Sales report, while slightly below estimates, showed there remains a gap between what folks say and what they do.[1] There's even M&A activity within the retail space that offers hope for a strong second half of trade policy trends improve. Warning! GuruFocus has detected 4 Warning Signs with BBWI. As it stands, now is a critical time for consumer companies as they load up ahead of the back-to-school season and put in orders for the winter holidays. Q2 could also be retail's first negative year-on-year earnings change since the throes of the pandemic, due in part to potential tariff impairments. To be clear, there is not much clarity. The balance of the year is clouded with uncertainty on the trade front, with tax policy, and whether the labor market will hold up as US real GDP growth likely eases. Our team caught those vibes when scanning earnings datanot the top- and bottom-line numbers themselves, but via a slew of preliminary earnings announcements among well-known retail firms. For background, earnings pre-announcements may offer clues on future company trends. A news release ahead of a scheduled quarterly announcement might feature updated guidance, while a soft forecast and a lowered expected sales or profit range could be seen as a red flag. Preliminary earnings make the full report, often issued weeks later, all the more pivotal. This week, along with NVIDIA's (NASDAQ:NVDA) Q1 release Wednesday night, investors will hear from a handful of small companies within the Consumer Discretionary sector that have preannounced, mainly calling out softer trends or more subdued forecasts in light of myriad macro and firm-specific factors. It's not all dour news, though. Source: Wall Street Horizon Dick's Sporting Goods (NYSE:DKS) checked into the Q1 reporting game with solid numbers to begin 2025. On May 15, the $14 billion market cap omnichannel sporting goods retailer issued preliminary Q1 results that featured impressive comp-store sales growth of 4.5% on earnings per diluted share of $3.24. Lauren Hobart, President and Chief Executive Officer, said, "We are very pleased with our strong start to the year and our demonstrated sustained growth.[2] Shares backpedaled, however, as investors punted on the news that DKS would acquire Foot Locker (FL) for $2.4 billion. FL soared more than 80% in response, but DKS dropped 15%. Dick's full Q1 report hits the tape Wednesday morning with a conference call immediately after. All eyes are on NVIDIA Wednesday night, but Thursday's earnings docket includes retail companies that previously signaled numbers to the street. Let's profile three of them. Bath & Body Works () On May 19, the Ohio-based retailer put out a press release confirming Daniel Heaf will take over as CEO as Gina Bowell steps down.[3] Sometimes, when a new CEO assumes the helm, a so-called kitchen-sink quarterly report might come out with struggling companies. Of course, we don't know if such a tape bomb is imminent. BBWI is already down 36% over the last year, but Piper Sandler, Morgan Stanley, and Citigroup have all published upbeat research on the company. Investors haven't sniffed out a BBWI turnaround yet. We'll see what this week's full Q1 report includes, but the pre-announcement noted Q1 sales at the high end of the guidance range, while assuming a 10% tariff on goods imported from China. Kohl's () On May 1, Kohl's announced it was terminating its CEO Ashley Buchanan with cause. The embattled Broadline Retail company, now valued at less than $1 billion in equity market cap, named Michael Bender as interim CEO. An outside investigation had revealed that the disgraced CEO violated company policies by directing the Company to engage in vendor transactions that involved undisclosed conflicts of interest.[4] Shares actually rose the day the news broke, but KSS has been a kiss of death for the bulls, with the stock down from above $80 in 2018 to below $8 today. Recall in March that Kohl's planned 27 additional store closures as part of a turnaround planwe may hear updates about that on Thursday. Within the preliminary, the management team cited a 4% to 4.3% expected comp-store sales drop year-on-year, with diluted EPS in the range of ($0.24) to ($0.20). American Eagle Outfitters () You won't find exceptionalism at American Eagle today. The stock is off by more than 50% over the past 12 months, and while names like The Gap (GAP) and Urban Outfitters (URBN) have soared, AEO has been a stylish the short sellers. On May 13, the Pittsburgh-based Apparel Retail industry company issued preliminary earnings that included a large inventory write-down to better align with demand trends. Q1 revenue is expected to be approximately $1.1 billion, which would be about -5% from a year ago. Management expects a GAAP operating loss near -$85 million.[5] Shares dropped 6% in the session that followed, but AEO ended off the lows. Now under $11, it's near a multi-year low ahead of the full Q1 report Thursday night. American Eagle (along with Ross Stores (ROST) and Deckers Outdoor (DECK)) also withdrew its FY 2025 guidance due to macro uncertainty. Beyond earnings news, we'll get key inflation data this Friday. According to Wall Street Horizon data, the April Personal Consumption Expenditure (PCE) Price Index crosses the wires before the bell on the 30th, along with last month's Personal Income and Outlays data. Next week's macro calendar is active, with key Purchasing Manufacturing Index (PMI) figures from the Institute for Supply Management (ISM), and the May nonfarm payrolls survey Friday morning. Also keep your eye out for volatility in the crypto marketVice President Vance is set to speak at Bitcoin 2025 in Las Vegas on Wednesday just as the token notches new all-time highs. Tariffs, uncertainty, and unknowns about the consumer best describe Q1 retail reports and preliminary announcements this month. Still, the hard numbers have generally exceeded analysts' expectations, and major indexes have recovered sharply from the April lows. This week's slate of Q1 reports should offer further insights into the health of the consumer, and important macro updates will help paint the true picture as we head into the first half's close. 1 Advance Monthly Sales for Retail and Food Services, United States Census, May 15, 2025, DICK'S Sporting Goods Reports Preliminary Results for First Quarter of 2025; Reports Comparable Sales Growth of 4.5%, Dicks, May 15, 2025, Bath & Body Works Appoints Daniel Heaf as Chief Executive Officer, Bath & Body Works, Inc., May 19 2025, Kohl's Announces CEO Transition Process, Kohls, May 1, 2025, AEO Inc. Reports Preliminary First Quarter Results, American Eagle Outfitters, Inc., May 13, 2025, Copyright 2025 Wall Street Horizon, Inc. All rights reserved. Do not copy, distribute, sell or modify this document without Wall Street Horizon's prior written consent. This information is provided for information purposes only. Neither TMX Group Limited nor any of its affiliated companies guarantees the completeness of the information contained in this publication, and we are not responsible for any errors or omissions in or your use of, or reliance on, the information. This publication is not intended to provide legal, accounting, tax, investment, financial or other advice and should not be relied upon for such advice. The information provided is not an invitation to purchase securities, including any listed on Toronto Stock Exchange and/or TSX Venture Exchange. TMX Group and its affiliated companies do not endorse or recommend any securities referenced in this publication. This publication shall not constitute an offer to sell or the solicitation of an offer to buy, nor may there be any sale of any securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. TMX, the TMX design, TMX Group, Toronto Stock Exchange, TSX, and TSX Venture Exchange are the trademarks of TSX Inc. and are used under license. Wall Street Horizon is the trademark of Wall Street Horizon, Inc. All other trademarks used in this publication are the property of their respective owners. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Retail Roundup: Several Preliminary Earnings Announcements Alongside Macro Uncertainty
Retailers, like much of the broader market, have reported better-than-expected Q1 earnings. Yes, there have been troublemakers like Target (TGT) and America Eagle (NYSE:AEO), but Walmart (WMT), TJX Companies (TJX), and Home Depot (HD) didn't point to an immediate severe consumer-spending slowdown. What's more, the April Retail Sales report, while slightly below estimates, showed there remains a gap between what folks say and what they do.[1] There's even M&A activity within the retail space that offers hope for a strong second half of trade policy trends improve. Warning! GuruFocus has detected 4 Warning Signs with BBWI. As it stands, now is a critical time for consumer companies as they load up ahead of the back-to-school season and put in orders for the winter holidays. Q2 could also be retail's first negative year-on-year earnings change since the throes of the pandemic, due in part to potential tariff impairments. To be clear, there is not much clarity. The balance of the year is clouded with uncertainty on the trade front, with tax policy, and whether the labor market will hold up as US real GDP growth likely eases. Our team caught those vibes when scanning earnings datanot the top- and bottom-line numbers themselves, but via a slew of preliminary earnings announcements among well-known retail firms. For background, earnings pre-announcements may offer clues on future company trends. A news release ahead of a scheduled quarterly announcement might feature updated guidance, while a soft forecast and a lowered expected sales or profit range could be seen as a red flag. Preliminary earnings make the full report, often issued weeks later, all the more pivotal. This week, along with NVIDIA's (NASDAQ:NVDA) Q1 release Wednesday night, investors will hear from a handful of small companies within the Consumer Discretionary sector that have preannounced, mainly calling out softer trends or more subdued forecasts in light of myriad macro and firm-specific factors. It's not all dour news, though. Source: Wall Street Horizon Dick's Sporting Goods (NYSE:DKS) checked into the Q1 reporting game with solid numbers to begin 2025. On May 15, the $14 billion market cap omnichannel sporting goods retailer issued preliminary Q1 results that featured impressive comp-store sales growth of 4.5% on earnings per diluted share of $3.24. Lauren Hobart, President and Chief Executive Officer, said, "We are very pleased with our strong start to the year and our demonstrated sustained growth.[2] Shares backpedaled, however, as investors punted on the news that DKS would acquire Foot Locker (FL) for $2.4 billion. FL soared more than 80% in response, but DKS dropped 15%. Dick's full Q1 report hits the tape Wednesday morning with a conference call immediately after. All eyes are on NVIDIA Wednesday night, but Thursday's earnings docket includes retail companies that previously signaled numbers to the street. Let's profile three of them. Bath & Body Works () On May 19, the Ohio-based retailer put out a press release confirming Daniel Heaf will take over as CEO as Gina Bowell steps down.[3] Sometimes, when a new CEO assumes the helm, a so-called kitchen-sink quarterly report might come out with struggling companies. Of course, we don't know if such a tape bomb is imminent. BBWI is already down 36% over the last year, but Piper Sandler, Morgan Stanley, and Citigroup have all published upbeat research on the company. Investors haven't sniffed out a BBWI turnaround yet. We'll see what this week's full Q1 report includes, but the pre-announcement noted Q1 sales at the high end of the guidance range, while assuming a 10% tariff on goods imported from China. Kohl's () On May 1, Kohl's announced it was terminating its CEO Ashley Buchanan with cause. The embattled Broadline Retail company, now valued at less than $1 billion in equity market cap, named Michael Bender as interim CEO. An outside investigation had revealed that the disgraced CEO violated company policies by directing the Company to engage in vendor transactions that involved undisclosed conflicts of interest.[4] Shares actually rose the day the news broke, but KSS has been a kiss of death for the bulls, with the stock down from above $80 in 2018 to below $8 today. Recall in March that Kohl's planned 27 additional store closures as part of a turnaround planwe may hear updates about that on Thursday. Within the preliminary, the management team cited a 4% to 4.3% expected comp-store sales drop year-on-year, with diluted EPS in the range of ($0.24) to ($0.20). American Eagle Outfitters () You won't find exceptionalism at American Eagle today. The stock is off by more than 50% over the past 12 months, and while names like The Gap (GAP) and Urban Outfitters (URBN) have soared, AEO has been a stylish the short sellers. On May 13, the Pittsburgh-based Apparel Retail industry company issued preliminary earnings that included a large inventory write-down to better align with demand trends. Q1 revenue is expected to be approximately $1.1 billion, which would be about -5% from a year ago. Management expects a GAAP operating loss near -$85 million.[5] Shares dropped 6% in the session that followed, but AEO ended off the lows. Now under $11, it's near a multi-year low ahead of the full Q1 report Thursday night. American Eagle (along with Ross Stores (ROST) and Deckers Outdoor (DECK)) also withdrew its FY 2025 guidance due to macro uncertainty. Beyond earnings news, we'll get key inflation data this Friday. According to Wall Street Horizon data, the April Personal Consumption Expenditure (PCE) Price Index crosses the wires before the bell on the 30th, along with last month's Personal Income and Outlays data. Next week's macro calendar is active, with key Purchasing Manufacturing Index (PMI) figures from the Institute for Supply Management (ISM), and the May nonfarm payrolls survey Friday morning. Also keep your eye out for volatility in the crypto marketVice President Vance is set to speak at Bitcoin 2025 in Las Vegas on Wednesday just as the token notches new all-time highs. Tariffs, uncertainty, and unknowns about the consumer best describe Q1 retail reports and preliminary announcements this month. Still, the hard numbers have generally exceeded analysts' expectations, and major indexes have recovered sharply from the April lows. This week's slate of Q1 reports should offer further insights into the health of the consumer, and important macro updates will help paint the true picture as we head into the first half's close. 1 Advance Monthly Sales for Retail and Food Services, United States Census, May 15, 2025, DICK'S Sporting Goods Reports Preliminary Results for First Quarter of 2025; Reports Comparable Sales Growth of 4.5%, Dicks, May 15, 2025, Bath & Body Works Appoints Daniel Heaf as Chief Executive Officer, Bath & Body Works, Inc., May 19 2025, Kohl's Announces CEO Transition Process, Kohls, May 1, 2025, AEO Inc. Reports Preliminary First Quarter Results, American Eagle Outfitters, Inc., May 13, 2025, Copyright 2025 Wall Street Horizon, Inc. All rights reserved. Do not copy, distribute, sell or modify this document without Wall Street Horizon's prior written consent. This information is provided for information purposes only. Neither TMX Group Limited nor any of its affiliated companies guarantees the completeness of the information contained in this publication, and we are not responsible for any errors or omissions in or your use of, or reliance on, the information. This publication is not intended to provide legal, accounting, tax, investment, financial or other advice and should not be relied upon for such advice. The information provided is not an invitation to purchase securities, including any listed on Toronto Stock Exchange and/or TSX Venture Exchange. TMX Group and its affiliated companies do not endorse or recommend any securities referenced in this publication. This publication shall not constitute an offer to sell or the solicitation of an offer to buy, nor may there be any sale of any securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. TMX, the TMX design, TMX Group, Toronto Stock Exchange, TSX, and TSX Venture Exchange are the trademarks of TSX Inc. and are used under license. Wall Street Horizon is the trademark of Wall Street Horizon, Inc. All other trademarks used in this publication are the property of their respective owners. This article first appeared on GuruFocus.
Yahoo
22-05-2025
- Business
- Yahoo
3 Reasons to Avoid FL and 1 Stock to Buy Instead
Foot Locker currently trades at $24.01 per share and has shown little upside over the past six months, posting a middling return of 3.8%. However, the stock is beating the S&P 500's 2.1% decline during that period. Is now the time to buy Foot Locker, or should you be careful about including it in your portfolio? Get the full stock story straight from our expert analysts, it's free. Despite the relative momentum, we're swiping left on Foot Locker for now. Here are three reasons why we avoid FL and a stock we'd rather own. A retailer's store count influences how much it can sell and how quickly revenue can grow. Foot Locker listed 2,410 locations in the latest quarter and has generally closed its stores over the last two years, averaging 6.1% annual declines. When a retailer shutters stores, it usually means that brick-and-mortar demand is less than supply, and it is responding by closing underperforming locations to improve profitability. Same-store sales is an industry measure of whether revenue is growing at existing stores, and it is driven by customer visits (often called traffic) and the average spending per customer (ticket). Foot Locker's demand has been shrinking over the last two years as its same-store sales have averaged 2.7% annual declines. Debt is a tool that can boost company returns but presents risks if used irresponsibly. As long-term investors, we aim to avoid companies taking excessive advantage of this instrument because it could lead to insolvency. Foot Locker's $2.79 billion of debt exceeds the $401 million of cash on its balance sheet. Furthermore, its 6× net-debt-to-EBITDA ratio (based on its EBITDA of $402 million over the last 12 months) shows the company is overleveraged. At this level of debt, incremental borrowing becomes increasingly expensive and credit agencies could downgrade the company's rating if profitability falls. Foot Locker could also be backed into a corner if the market turns unexpectedly – a situation we seek to avoid as investors in high-quality companies. We hope Foot Locker can improve its balance sheet and remain cautious until it increases its profitability or pays down its debt. Foot Locker falls short of our quality standards. Following its recent outperformance amid a softer market environment, the stock trades at 13.9× forward P/E (or $24.01 per share). This multiple tells us a lot of good news is priced in - you can find better investment opportunities elsewhere. We'd suggest looking at our favorite semiconductor picks and shovels play. Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today. Sign in to access your portfolio
