Foot Locker (NYSE:FL) reported its Q3 earnings results on Wednesday, November 29, 2023 at 06:45 AM.
Here’s what investors need to know about the announcement.
Earnings
Foot Locker beat estimated earnings by 20.0%, reporting an EPS of $0.3 versus an estimate of $0.25.
Revenue was down $184.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.0 which was followed by a 4.93% increase in the share price the next day.
Here’s a look at Foot Locker’s past performance:
| Quarter | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.04 | 0.81 | 0.51 | 1.11 |
| EPS Actual | 0.04 | 0.70 | 0.97 | 1.27 |
| Revenue Estimate | 1.88B | 1.99B | 2.15B | 2.09B |
| Revenue Actual | 1.86B | 1.93B | 2.33B | 2.17B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Foot Locker management provided guidance for FY 2023, expecting earnings between $1.3 and $1.4 per share.
To track all earnings releases for Foot Locker visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
