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May 03, 2025
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.
Revenue by Segment
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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