==Foot Locker (FL) reported earnings on Fri 18 Nov 22 (a/h)

 

Foot Locker beats by $0.15, beats on revs; guides Q4 EPS above consensus; raises FY23 EPS above consensus, revs above consensus

• Reports Q3 (Oct) earnings of $1.27 per share, $0.15 better than the S&P Capital IQ Consensus of $1.12; revenues fell 0.7% year/year to $2.17 bln vs the $2.1 bln S&P Capital IQ Consensus.
  • Comparable-store sales increased 0.8% year-over-year
• Co issues upside guidance for Q4, sees EPS of $0.45-0.53 vs. $0.43 S&P Capital IQ Consensus.
  • Co sees Q4 comps down 8-10%
• Co issues upside guidance for FY23, sees EPS of $4.42-4.50 vs. $4.26 S&P Capital IQ Consensus; sees FY23 revs of down 4-5% to $8.51-8.60 bln vs. $8.31 bln S&P Capital IQ Consensus.
• Co raises FY22 comps to down 4-5% from down 8-9% prior