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Foot Locker
🇺🇸 NYSE:FL
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May 03

Foot Locker Q1 2025 Earnings Report

Foot Locker reported a net loss in Q1 2025 due to significant impairment charges and lower global sales.

Key Takeaways

Foot Locker faced a challenging quarter with a substantial GAAP net loss driven by impairment charges and macroeconomic pressures. Revenue and comparable sales declined, and the company continued executing its store refresh strategy while preparing for its merger with DICK'S Sporting Goods.

Total Revenue
$1.79B
Previous year: $1.87B
-4.6%
EPS
-$0.07
Previous year: $0.22
-131.8%
Comparable Sales Growth
-2.6%
GAAP Loss per Share
-$3.81
Previous year: $0.09
-4333.3%
Non-GAAP Loss per Share
-$0.07
Previous year: $0.22
-131.8%
Cash and Equivalents
$343M
Previous year: $313M
+9.6%

Foot Locker

Foot Locker

Foot Locker Revenue by Segment

Foot Locker Revenue by Geographic Location

Forward Guidance

Foot Locker will not provide forward guidance due to the pending acquisition by DICK'S Sporting Goods.

Positive Outlook

  • Executed 69 store refreshes to improve in-store experience
  • Launched new mobile apps for Champs Sports and Kids Foot Locker
  • Maintained strong brand partnerships to engage customers
  • Disciplined inventory and expense management
  • Continued progress on 'Lace Up' transformation strategy

Challenges Ahead

  • Net loss of $363 million driven by $276 million in impairment charges
  • Decline in global comparable sales, especially in Europe
  • Sales fell 4.6% YoY to $1.79B
  • Gross margin compressed by 40 basis points
  • No updated financial guidance due to acquisition process

Company Overview

Full financial data and analysis

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