• Total Sales Down 4.6% Year-over-Year
and Comparable Sales Down 2.6%
• GAAP EPS Loss of
$3.81 and Non-GAAP EPS Loss of
$0.07
• Continued
Store Modernization Efforts with 69 Refreshes
•
Launched New Champs Sports and Kids Foot Locker Mobile Apps
NEW
YORK, May 29, 2025 /PRNewswire/ -- Foot Locker,
Inc. (NYSE: FL) today reported financial results for its first
quarter ended May 3, 2025.
Mary Dillon, Chief Executive
Officer said, "We are continuing to execute our Lace Up Plan
strategies as we look forward to the successful completion of our
transaction with DICK'S Sporting Goods. As we noted at the
time we reported preliminary first quarter results, we experienced
softer traffic trends globally that impacted our performance.
During the quarter, we remained focused on the rollout of our
Reimagined and Refresh programs to elevate our in-store experience,
enhancing our digital offerings, deepening customer engagement
through our FLX program and leveraging our strong brand
partnerships to generate excitement for our customers. As we have
executed these and other initiatives to further advance our
strategy, our teams have also remained nimble to navigate the
uncertain macroeconomic environment, including managing our
promotional levels, inventories, and expenses and remaining
disciplined with our cash flows."
First Quarter Results
- Total sales were down 4.6%, to $1,788
million, as compared with sales of $1,874 million in the first quarter of 2024.
Excluding the effect of foreign exchange rate fluctuations, total
sales for the first quarter decreased by 4.5%.
- Comparable sales decreased by 2.6%, with comparable sales in
the North American region decreasing by 0.5%. Comparable sales in
the Company's international businesses decreased by 8.5%, led by
softness in Foot Locker Europe.
Please refer to the Sales by Banner table below for detailed sales
performance by banner and region.
- Gross margin decreased by 40 basis points as compared with the
prior-year period. Merchandise margins decreased by 10 basis
points, while occupancy as a percentage of sales increased by 30
basis points as compared to the prior-year period.
- SG&A as a percentage of sales increased by 100 basis points
as compared with the prior-year period, due to underlying
deleverage on the sales decline and investments in technology which
more than offset the cost optimization program and ongoing expense
discipline. Compared to the prior year, SG&A dollars were down
0.7%.
- Net loss was $363 million, as
compared with net income of $8
million in the prior-year period. On a non-GAAP basis, net
loss was $6 million for the first
quarter, as compared with net income of $21
million in the corresponding prior-year period.
- First quarter loss per share was $3.81, as compared with earnings per share of
$0.09 in the first quarter of 2024.
Non-GAAP loss was $0.07 per share in
the first quarter, as compared with non-GAAP earnings per share of
$0.22 in the corresponding prior-year
period.
- Non-GAAP net loss and net loss per share exclude non-cash
impairment charges totaling $276
million and primarily reflect a $140
million charge related to a tradename and a goodwill
impairment charge of $110 million.
Additionally, the Company recorded a full valuation allowance on
its deferred tax assets and deferred tax costs related to certain
of the Company's European business totaling $124 million, which is excluded from non-GAAP
results.
See the tables below for the reconciliation of Non-GAAP
measures.
Balance Sheet
At quarter-end, the Company had cash and cash equivalents
of $343 million, and total debt was $445 million.
As of May 3, 2025, the Company's merchandise inventories
were $1,665 million, 0.4% higher
than at the end of the first quarter last year. Excluding the
effect of foreign currency fluctuations, merchandise inventories
decreased by 0.7% as compared with the first quarter of
last year.
Store Base Update
During the first quarter, the Company opened 9 new
stores and closed 56 stores, including its stores that
operated in South Korea,
Denmark, Norway, Sweden, Greece, and Romania. Also during the quarter, the Company
remodeled or relocated 11 stores and refreshed 69 stores
to our updated design standards, which incorporate key elements of
our current brand design specifications.
As of May 3, 2025, the Company operated 2,363 stores
in 20 countries in North America, Europe, Asia,
Australia, and New Zealand. In addition, 236 licensed stores
were operating in the Middle East, Europe, and Asia. Our licensed operations include the
Greece and Romania business that was sold to our license
partner in April 2025.
Agreement to be Acquired by DICK'S
As previously announced on May 15,
2025, Foot Locker and DICK'S Sporting Goods have entered
into a definitive merger agreement under which DICK'S will acquire
Foot Locker.
In light of the pending transaction with DICK'S, Foot Locker
will not be holding its previously scheduled conference call to
discuss its first quarter 2025 results and will not be providing or
updating previously issued financial guidance.
Disclosure Regarding Forward-Looking
Statements
This press release contains forward-looking statements within
the meaning of the federal securities laws. Other than statements
of historical facts, all statements which address activities,
events, or developments that the Company anticipates will or may
occur in the future, including, but not limited to, such things as
future capital expenditures, expansion, strategic plans, financial
objectives, dividend payments, stock repurchases, financial
outlook, and other such matters, are forward-looking statements.
These forward-looking statements are based on many assumptions and
factors, which are detailed in the Company's filings with
the U.S. Securities and Exchange Commission.
These forward-looking statements are based largely on our
expectations and judgments and are subject to a number of risks and
uncertainties, many of which are unforeseeable and beyond our
control. Factors that could cause actual results to differ
materially from those anticipated or implied in the
forward-looking statements herein include, but are not limited
to, the occurrence of any event, change or other circumstance that
could give rise to the right of us or DICK'S Sporting Goods, Inc.
("DICK'S") to terminate the Agreement and Plan of Merger by and
among us, DICK'S and a wholly owned subsidiary of DICK'S ("Merger
Sub") pursuant to which, among other things, Merger Sub would be
merged with and into us (the "Transaction"); the outcome of any
legal proceedings that may be instituted against us, including with
respect to the Transaction; the possibility that the Transaction
does not close when expected or at all because required regulatory
or shareholder approvals or other conditions to closing are not
received or satisfied on a timely basis or at all; reputational
risk and potential adverse reactions of our customers, employees or
other business partners; the diversion of our management's
attention and time from ongoing business operations and
opportunities due to the Transaction; and any other factors set
forth in the section entitled "Risk Factors" in the
Company's Annual Report on Form 10-K for the year ended
February 1, 2025, filed on
March 27, 2025. Any changes in such
assumptions or factors could produce significantly different
results. The Company undertakes no obligation to update the
forward-looking statements, whether as a result of new information,
future events, or otherwise.
|
Foot Locker,
Inc.
Condensed
Consolidated Statements of Operations
(unaudited)
|
|
|
Periods ended May 3,
2025 and May 4, 2024
(In millions, except
per share amounts)
|
|
|
|
First
Quarter
|
|
|
|
2025
|
|
|
2024
|
|
|
Sales
|
|
$
|
1,788
|
|
|
$
|
1,874
|
|
|
Other
revenue
|
|
|
6
|
|
|
|
5
|
|
|
Total
revenue
|
|
|
1,794
|
|
|
|
1,879
|
|
|
|
|
|
|
|
|
|
Cost of
sales
|
|
|
1,280
|
|
|
|
1,335
|
|
|
Selling, general and
administrative expenses
|
|
|
458
|
|
|
|
461
|
|
|
Depreciation and
amortization
|
|
|
51
|
|
|
|
51
|
|
|
Impairment and
other
|
|
|
276
|
|
|
|
14
|
|
|
(Loss) income from
operations
|
|
|
(271)
|
|
|
|
18
|
|
|
|
|
|
|
|
|
|
Interest expense,
net
|
|
|
(2)
|
|
|
|
(1)
|
|
|
Other income (expense),
net
|
|
|
3
|
|
|
|
(4)
|
|
|
(Loss) income before
income taxes
|
|
|
(270)
|
|
|
|
13
|
|
|
Income tax
expense
|
|
|
93
|
|
|
|
5
|
|
|
Net (loss)
income
|
|
$
|
(363)
|
|
|
$
|
8
|
|
|
|
|
|
|
|
|
|
Diluted (loss) earnings
per share
|
|
$
|
(3.81)
|
|
|
$
|
0.09
|
|
|
Weighted-average
diluted shares outstanding
|
|
|
95.3
|
|
|
|
95.3
|
|
Non-GAAP Financial Measures
In addition to reporting the Company's financial results
reported in accordance with generally accepted accounting
principles ("GAAP"), the Company reports certain financial results
that differ from what is reported under GAAP. Non-GAAP financial
measures that will be presented will exclude (i) gains or losses
related to our minority investments, (ii) impairments and other,
and (iii) certain tax matters that we believe are nonrecurring or
unusual in nature.
Certain financial measures are identified as non-GAAP, such as
sales changes excluding foreign currency fluctuations, adjusted
income before income taxes, adjusted net income, and adjusted
diluted earnings per share. We present certain amounts as excluding
the effects of foreign currency fluctuations, which are also
considered non-GAAP measures. Where amounts are expressed as
excluding the effects of foreign currency fluctuations, such
changes are determined by translating all amounts in both years
using the prior-year average foreign exchange rates. Presenting
amounts on a constant currency basis is useful to investors because
it enables them to better understand the changes in our business
that are not related to currency movements.
These non-GAAP measures are presented because we believe they
assist investors in comparing our performance across reporting
periods on a consistent basis by excluding items that we do not
believe are indicative of our core business or affect
comparability. In addition, these non-GAAP measures are useful in
assessing our progress in achieving our long-term financial
objectives and are consistent with how executive compensation is
determined.
|
Foot Locker,
Inc.
Non-GAAP
Reconciliation
(unaudited)
|
|
|
|
|
Periods ended May 3,
2025 and May 4, 2024
(In millions, except
per share amounts)
|
|
|
|
|
We estimate the tax
effect of all non-GAAP adjustments by applying a marginal tax rate
to each item. The income tax items represent
the discrete amount
that affected the period. The non-GAAP financial information is
provided in addition, and not as an alternative, to
our reported results
prepared in accordance with GAAP. The various non-GAAP adjustments
are summarized in the tables below.
Reconciliation of
GAAP to non-GAAP results:
|
|
|
|
|
|
First
Quarter
|
|
|
|
2025
|
|
|
2024
|
|
|
Pre-tax (loss)
income:
|
|
|
|
|
|
|
|
|
|
(Loss) income before
income taxes
|
|
$
|
(270)
|
|
|
$
|
13
|
|
|
Pre-tax adjustments
excluded from GAAP:
|
|
|
|
|
|
|
|
|
Impairment and other
(1)
|
|
|
276
|
|
|
|
14
|
|
|
Other income / expense
(2)
|
|
|
(4)
|
|
|
|
2
|
|
|
Adjusted income before
income taxes (non-GAAP)
|
|
$
|
2
|
|
|
$
|
29
|
|
|
|
|
|
|
|
|
|
|
|
After-tax (loss)
income:
|
|
|
|
|
|
|
|
|
|
Net (loss)
income
|
|
$
|
(363)
|
|
|
$
|
8
|
|
|
After-tax adjustments
excluded from GAAP:
|
|
|
|
|
|
|
|
|
Impairment and other,
net of income tax benefit of $39 and $3 million, respectively
(1)
|
|
|
237
|
|
|
|
11
|
|
|
Other income /
expense, net of income tax expense of $- and $- million,
respectively (2)
|
|
|
(4)
|
|
|
|
2
|
|
|
Tax valuation
allowance and deferred tax cost write off (3)
|
|
|
124
|
|
|
|
—
|
|
|
Adjusted net (loss)
income (non-GAAP)
|
|
$
|
(6)
|
|
|
$
|
21
|
|
|
|
|
|
|
|
First
Quarter
|
|
|
|
2025
|
|
|
2024
|
|
|
Earnings per
share:
|
|
|
|
|
|
|
|
|
|
Diluted (loss) earnings
per share
|
|
$
|
(3.81)
|
|
|
$
|
0.09
|
|
|
Diluted per share
amounts excluded from GAAP:
|
|
|
|
|
|
|
|
|
|
Impairment and other
(1)
|
|
|
2.48
|
|
|
|
0.11
|
|
|
Other income / expense
(2)
|
|
|
(0.05)
|
|
|
|
0.02
|
|
|
Tax valuation
allowance and deferred tax cost write off (3)
|
|
|
1.31
|
|
|
|
—
|
|
|
Adjusted diluted (loss)
earnings per share (non-GAAP)
|
|
$
|
(0.07)
|
|
|
$
|
0.22
|
|
|
|
Notes on Non-GAAP
Adjustments:
|
|
|
(1)
|
Included
in the first quarter of 2025 impairment and other
caption were non-cash impairment charges of $140 million to write
down the WSS tradename and $110 million of goodwill, as a
result of a triggering event due to a reduction in the
Company's stock price and resulting market capitalization,
coupled with general macroeconomic factors. Additionally, the
Company recorded $15 million in non-cash impairment charges of
long-lived assets and right-of-use assets. In connection with the
previously announced global headquarters relocation and the
shutdown of the businesses in South Korea, Denmark, Norway, and
Sweden, we recorded accelerated tenancy and lease termination
charges of $8 million. The Company has closed all stores operating
in those regions as it focuses on improving the overall results of
its international operations. Finally, the Company recorded $3
million of reorganization costs primarily related to the announced
closure and relocation of the Company's global headquarters and the
shutdown costs.
|
|
|
|
For
the first quarter of 2024, impairment and other
included a loss accrual for legal claims of $7 million and a
$7 million impairment of long-lived assets and right-of-use
assets related to the Company's decision to no longer operate, and
to sublease, one of its larger underperforming stores in
Europe.
|
|
Foot Locker,
Inc.
Non-GAAP
Reconciliation
(unaudited)
|
|
|
Periods ended May 3,
2025 and May 4, 2024
(In millions, except
per share amounts)
|
|
|
Notes on Non-GAAP
Adjustments (continued):
|
|
|
(2)
|
For the first quarter
of 2025, other expense / income included a $5 million gain on the
sale of the Greece and Romania businesses, partially offset by $1
million of our share of losses related to equity method
investments.
|
|
|
|
For
the first quarter of 2024, other income /
expense consisted of $2 million of our share of losses related
to equity method investments.
|
|
|
|
(3)
|
In the first quarter of
2025, it was determined that due to recent weakness in market
conditions, the ability to utilize the entirety of our European
deferred tax asset was less likely than prior periods. Accordingly,
the Company recorded a $117 million valuation allowance on all the
deferred tax assets related to net operating loss carryforwards and
deferred interest deductions related to certain of the Company's
European business. The Company will continue to monitor the
recoverability of deferred tax assets on a quarterly basis.
Additionally, in connection with this assessment, the Company wrote
off certain deferred tax costs of $7 million.
|
|
Foot Locker,
Inc.
Sales by
Banner
(unaudited)
|
|
|
Periods
ended May 3, 2025 and May 4, 2024
(In
millions)
|
|
|
|
First
Quarter
|
|
|
|
2025
|
|
|
2024
|
|
|
Constant
Currencies
|
|
|
Comparable
Sales
|
|
|
Foot Locker
|
|
$
|
735
|
|
|
$
|
759
|
|
|
|
(2.6)
|
%
|
|
|
(0.9)
|
%
|
|
Champs
Sports
|
|
|
261
|
|
|
|
267
|
|
|
|
(2.2)
|
|
|
|
0.5
|
|
|
Kids Foot
Locker
|
|
|
183
|
|
|
|
183
|
|
|
|
—
|
|
|
|
3.4
|
|
|
WSS
|
|
|
160
|
|
|
|
160
|
|
|
|
—
|
|
|
|
(4.6)
|
|
|
North
America
|
|
|
1,339
|
|
|
|
1,369
|
|
|
|
(1.9)
|
|
|
|
(0.5)
|
|
|
EMEA
|
|
|
346
|
|
|
|
394
|
|
|
|
(13.2)
|
|
|
|
(10.2)
|
|
|
Foot Locker
|
|
|
66
|
|
|
|
72
|
|
|
|
(4.2)
|
|
|
|
(0.8)
|
|
|
atmos
|
|
|
37
|
|
|
|
39
|
|
|
|
(7.7)
|
|
|
|
(6.4)
|
|
|
Asia Pacific
|
|
|
103
|
|
|
|
111
|
|
|
|
(5.4)
|
|
|
|
(2.8)
|
|
|
Total
|
|
$
|
1,788
|
|
|
$
|
1,874
|
|
|
|
(4.5)
|
%
|
|
|
(2.6)
|
%
|
|
Foot Locker,
Inc.
Condensed
Consolidated Balance Sheets
(unaudited)
(In
millions)
|
|
|
|
|
|
May
3,
|
|
|
May
4,
|
|
|
|
2025
|
|
|
2024
|
|
|
ASSETS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
assets:
|
|
|
|
|
|
|
|
|
|
Cash and cash
equivalents
|
|
$
|
343
|
|
|
$
|
282
|
|
|
Merchandise
inventories
|
|
|
1,665
|
|
|
|
1,659
|
|
|
Other current
assets
|
|
|
359
|
|
|
|
414
|
|
|
|
|
2,367
|
|
|
|
2,355
|
|
|
Property and equipment,
net
|
|
|
908
|
|
|
|
910
|
|
|
Operating lease
right-of-use assets
|
|
|
2,099
|
|
|
|
2,175
|
|
|
Deferred
taxes
|
|
|
41
|
|
|
|
114
|
|
|
Goodwill
|
|
|
661
|
|
|
|
760
|
|
|
Other intangible
assets, net
|
|
|
230
|
|
|
|
392
|
|
|
Minority
investments
|
|
|
115
|
|
|
|
150
|
|
|
Other assets
|
|
|
137
|
|
|
|
91
|
|
|
|
$
|
6,558
|
|
|
$
|
6,947
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND
SHAREHOLDERS' EQUITY
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
liabilities:
|
|
|
|
|
|
|
|
|
|
Accounts
payable
|
|
$
|
504
|
|
|
$
|
515
|
|
|
Accrued and other
liabilities
|
|
|
433
|
|
|
|
389
|
|
|
Current portion of
long-term debt and obligations under finance leases
|
|
|
5
|
|
|
|
5
|
|
|
Current portion of
lease obligations
|
|
|
499
|
|
|
|
496
|
|
|
|
|
1,441
|
|
|
|
1,405
|
|
|
Long-term debt and
obligations under finance leases
|
|
|
440
|
|
|
|
441
|
|
|
Long-term lease
obligations
|
|
|
1,890
|
|
|
|
1,984
|
|
|
Other
liabilities
|
|
|
179
|
|
|
|
231
|
|
|
Total
liabilities
|
|
|
3,950
|
|
|
|
4,061
|
|
|
Total shareholders'
equity
|
|
|
2,608
|
|
|
|
2,886
|
|
|
|
$
|
6,558
|
|
|
$
|
6,947
|
|
|
Foot Locker,
Inc.
Condensed
Consolidated Statement of Cash Flows
(unaudited)
(In
millions)
|
|
|
|
Thirteen weeks
ended
|
|
|
|
May
3,
|
|
|
May
4,
|
|
|
($ in
millions)
|
|
2025
|
|
|
2024
|
|
|
From operating
activities:
|
|
|
|
|
|
|
|
|
|
Net (loss)
income
|
|
$
|
(363)
|
|
|
$
|
8
|
|
|
Adjustments to
reconcile net (loss) income to net cash from operating
activities:
|
|
|
|
|
|
|
|
|
|
Tradename intangible
asset impairment
|
|
|
140
|
|
|
|
—
|
|
|
Impairment of
goodwill
|
|
|
110
|
|
|
|
—
|
|
|
Deferred income
taxes
|
|
|
69
|
|
|
|
(5)
|
|
|
Depreciation and
amortization
|
|
|
51
|
|
|
|
51
|
|
|
Impairment of
long-lived assets and right-of-use assets
|
|
|
23
|
|
|
|
7
|
|
|
Share-based
compensation expense
|
|
|
6
|
|
|
|
6
|
|
|
Gain on sales of
businesses
|
|
|
(5)
|
|
|
|
—
|
|
|
Change in assets and
liabilities:
|
|
|
|
|
|
|
|
|
|
Merchandise
inventories
|
|
|
(110)
|
|
|
|
(158)
|
|
|
Accounts
payable
|
|
|
118
|
|
|
|
151
|
|
|
Accrued and other
liabilities
|
|
|
—
|
|
|
|
(3)
|
|
|
Pension
contribution
|
|
|
(20)
|
|
|
|
—
|
|
|
Other, net
|
|
|
(22)
|
|
|
|
1
|
|
|
Net cash (used in)
provided by operating activities
|
|
|
(3)
|
|
|
|
58
|
|
|
From investing
activities:
|
|
|
|
|
|
|
|
|
|
Capital
expenditures
|
|
|
(58)
|
|
|
|
(76)
|
|
|
Proceeds from sales of
businesses
|
|
|
6
|
|
|
|
—
|
|
|
Net cash used in
investing activities
|
|
|
(52)
|
|
|
|
(76)
|
|
|
From financing
activities:
|
|
|
|
|
|
|
|
|
|
Shares of common stock
repurchased to satisfy tax withholding obligations
|
|
|
(2)
|
|
|
|
(4)
|
|
|
Payment of obligations
under finance leases
|
|
|
(2)
|
|
|
|
(2)
|
|
|
Proceeds from exercise
of stock options
|
|
|
—
|
|
|
|
5
|
|
|
Net cash used in
financing activities
|
|
|
(4)
|
|
|
|
(1)
|
|
|
Effect of exchange rate
fluctuations on cash, cash equivalents, and restricted
cash
|
|
|
4
|
|
|
|
2
|
|
|
Net change in cash,
cash equivalents, and restricted cash
|
|
|
(55)
|
|
|
|
(17)
|
|
|
Cash, cash equivalents,
and restricted cash at beginning of year
|
|
|
430
|
|
|
|
334
|
|
|
Cash, cash
equivalents, and restricted cash at end of period
|
|
$
|
375
|
|
|
$
|
317
|
|
|
Foot Locker,
Inc.
Store Count and Square Footage
(unaudited)
|
|
|
Store activity is as
follows:
|
|
|
|
February
1,
|
|
|
|
|
|
|
|
|
|
|
May
3,
|
|
|
Relocations/
|
|
|
|
2025
|
|
|
Opened
|
|
|
Closed
|
|
|
2025
|
|
|
Remodels
|
|
|
Foot Locker
U.S.
|
|
|
677
|
|
|
|
—
|
|
|
|
12
|
|
|
|
665
|
|
|
|
20
|
|
|
Foot Locker
Canada
|
|
|
84
|
|
|
|
—
|
|
|
|
3
|
|
|
|
81
|
|
|
|
1
|
|
|
Champs
Sports
|
|
|
383
|
|
|
|
1
|
|
|
|
6
|
|
|
|
378
|
|
|
|
1
|
|
|
Kids Foot
Locker
|
|
|
369
|
|
|
|
—
|
|
|
|
5
|
|
|
|
364
|
|
|
|
2
|
|
|
WSS
|
|
|
151
|
|
|
|
1
|
|
|
|
1
|
|
|
|
151
|
|
|
|
—
|
|
|
Footaction
|
|
|
1
|
|
|
|
—
|
|
|
|
—
|
|
|
|
1
|
|
|
|
—
|
|
|
North
America
|
|
|
1,665
|
|
|
|
2
|
|
|
|
27
|
|
|
|
1,640
|
|
|
|
24
|
|
|
EMEA
(1)
|
|
|
608
|
|
|
|
7
|
|
|
|
18
|
|
|
|
597
|
|
|
|
39
|
|
|
Foot Locker
Pacific
|
|
|
96
|
|
|
|
—
|
|
|
|
—
|
|
|
|
96
|
|
|
|
16
|
|
|
Foot Locker
Asia
|
|
|
11
|
|
|
|
—
|
|
|
|
11
|
|
|
|
—
|
|
|
|
—
|
|
|
atmos
|
|
|
30
|
|
|
|
—
|
|
|
|
—
|
|
|
|
30
|
|
|
|
1
|
|
|
Asia Pacific
|
|
|
137
|
|
|
|
—
|
|
|
|
11
|
|
|
|
126
|
|
|
|
17
|
|
|
Total
|
|
|
2,410
|
|
|
|
9
|
|
|
|
56
|
|
|
|
2,363
|
|
|
|
80
|
|
|
|
Selling and gross
square footage are as follows:
|
|
|
|
|
|
|
|
May 4,
2024
|
|
|
May 3,
2025
|
|
|
(in
thousands)
|
|
|
|
|
|
Selling
|
|
|
Gross
|
|
|
Selling
|
|
|
Gross
|
|
|
Foot Locker
U.S.
|
|
|
|
|
|
|
2,386
|
|
|
|
4,049
|
|
|
|
2,305
|
|
|
|
3,902
|
|
|
Foot Locker
Canada
|
|
|
|
|
|
|
257
|
|
|
|
423
|
|
|
|
254
|
|
|
|
416
|
|
|
Champs
Sports
|
|
|
|
|
|
|
1,508
|
|
|
|
2,373
|
|
|
|
1,443
|
|
|
|
2,274
|
|
|
Kids Foot
Locker
|
|
|
|
|
|
|
776
|
|
|
|
1,295
|
|
|
|
745
|
|
|
|
1,258
|
|
|
WSS
|
|
|
|
|
|
|
1,458
|
|
|
|
1,757
|
|
|
|
1,578
|
|
|
|
1,900
|
|
|
Footaction
|
|
|
|
|
|
|
3
|
|
|
|
6
|
|
|
|
3
|
|
|
|
6
|
|
|
North
America
|
|
|
|
|
|
|
6,388
|
|
|
|
9,903
|
|
|
|
6,328
|
|
|
|
9,756
|
|
|
EMEA
(1)
|
|
|
|
|
|
|
1,210
|
|
|
|
2,459
|
|
|
|
1,159
|
|
|
|
2,378
|
|
|
Foot Locker
Pacific
|
|
|
|
|
|
|
246
|
|
|
|
371
|
|
|
|
254
|
|
|
|
381
|
|
|
Foot Locker
Asia
|
|
|
|
|
|
|
52
|
|
|
|
98
|
|
|
|
-
|
|
|
|
-
|
|
|
atmos
|
|
|
|
|
|
|
28
|
|
|
|
48
|
|
|
|
28
|
|
|
|
47
|
|
|
Asia Pacific
|
|
|
|
|
|
|
326
|
|
|
|
517
|
|
|
|
282
|
|
|
|
428
|
|
|
Total
|
|
|
|
|
|
|
7,924
|
|
|
|
12,879
|
|
|
|
7,769
|
|
|
|
12,562
|
|
|
|
|
(1)
|
Includes 7 Kids Foot
Locker stores, and the related square footage, operating in Europe
for both February 1, 2025 and May 3, 2025.
|
|
Contacts:
|
Kate
Fitzsimons
Investor
Relations
ir@footlocker.com
|
|
|
|
Leigh
Parrish
Joele Frank, Wilkinson
Brimmer Katcher
lparrish@joelefrank.com
mediarelations@footlocker.com
|
View original content to download
multimedia:https://www.prnewswire.com/news-releases/foot-locker-inc-reports-first-quarter-2025-financial-results-302467610.html
SOURCE Foot Locker IR
