Latest news with #FootLockerInc
San Francisco Chronicle
5 days ago
- Business
- San Francisco Chronicle
Foot Locker: Fiscal Q1 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Foot Locker Inc. (FL) on Thursday reported a loss of $363 million in its fiscal first quarter. On a per-share basis, the New York-based company said it had a loss of $3.81. Losses, adjusted for one-time gains and costs, came to 7 cents per share. The results matched Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for a loss of 7 cents per share. The shoe store posted revenue of $1.79 billion in the period, falling short of Street forecasts. Six analysts surveyed by Zacks expected $1.83 billion. _____
Washington Post
5 days ago
- Business
- Washington Post
Foot Locker: Fiscal Q1 Earnings Snapshot
NEW YORK — NEW YORK — Foot Locker Inc. (FL) on Thursday reported a loss of $363 million in its fiscal first quarter. On a per-share basis, the New York-based company said it had a loss of $3.81. Losses, adjusted for one-time gains and costs, came to 7 cents per share.
Bloomberg
6 days ago
- Business
- Bloomberg
Dick's Sporting Maintains Outlook Ahead of Foot Locker Deal
Dick's Sporting Goods Inc. maintained its annual sales and profit forecast, a sign of strength as the retailer prepares to acquire struggling footwear chain Foot Locker Inc. The company said earnings per share could be as high as $14.40 for the upcoming year. Comparable-store sales are expected to gain 1% to 3% in 2025. The outlook does not include impact from its plan to buy Foot Locker.
Bloomberg
19-05-2025
- Business
- Bloomberg
Nike Poised to Win in Dick's Sporting Acquisition of Foot Locker
If Dick's Sporting Goods Inc. can turn around Foot Locker Inc. — a feat the footwear chain has struggled with on its own — Nike Inc. stands to emerge as a big winner. The two sportswear chains announced last week that Dick's had reached a $2.4 billion deal to acquire Foot Locker, whose slow recovery hasn't impressed investors. Together, the retailers account for nearly $5 billion — or 10% — of Nike's revenue, according to a Bloomberg estimate.
Bloomberg
15-05-2025
- Business
- Bloomberg
Dick's Sporting Goods to Buy Foot Locker for $2.4 Billion
Dick's Sporting Goods Inc. has reached a $2.4 billion deal to acquire Foot Locker Inc., combining two retailers troubled by President Donald Trump's tariff wars. The acquisition would bring together two companies with vastly different business models, giving Dick's more exposure to mall-based retail and international locations, and adding $8 billion of revenue. The deal is expected to close in the second half of 2025, and Dick's expects to operate Foot Locker as a standalone business unit within its portfolio, maintaining the Foot Locker brands. Bloomberg Intelligence's Lindsay Dutch reports. (Source: Bloomberg)
