Welcome to our dedicated page for Foot Locker news (Ticker: FL), a resource for investors and traders seeking the latest updates and insights on Foot Locker stock.
Foot Locker Inc. (NYSE: FL) maintains its position as a global leader in athletic footwear retail through strategic initiatives and cultural relevance. This news hub provides investors and industry observers with essential updates on corporate developments, financial performance, and market trends.
Access real-time press releases covering earnings announcements, brand partnerships, store expansions, and omnichannel innovations. Our curated collection helps stakeholders track FL's responses to evolving consumer preferences and competitive retail landscapes.
Key updates include product launches with major sportswear brands, sustainability initiatives, and digital transformation efforts. Regular updates ensure visibility into FL's operational strategies and leadership in sneaker culture.
Bookmark this page for streamlined access to SEC filings, investor communications, and analysis of retail market dynamics. Stay informed about FL's progress in merging physical retail excellence with e-commerce growth through verified corporate updates.
Foot Locker reported a strong first quarter for 2021, achieving net income of $202 million or $1.93 per share, compared to a net loss of $110 million in the previous year. Total sales surged 83.1% to $2,153 million with comparable-store sales up 80.3%. The company's cash position stood at $1,963 million with low debt of $109 million. Despite challenges from the pandemic, management expressed optimism about long-term growth. The company is also restructuring its store fleet, closing or converting Footaction locations to enhance operational efficiency.
Foot Locker, Inc. (NYSE: FL) has declared a quarterly cash dividend of $0.20 per share on its common stock. This dividend will be payable on July 30, 2021, to shareholders recorded as of July 16, 2021. Foot Locker operates around 3,000 retail stores across 27 countries, including North America, Europe, and Asia, promoting sneaker and youth culture worldwide. The company aims to inspire self-expression and deliver unique experiences within the global sneaker community.
Foot Locker, Inc. (NYSE: FL) will announce its first-quarter financial results for the period ending May 1, 2021, on May 21, 2021, before market opening. A conference call is slated for 9:00 a.m. ET the same day to discuss the results and provide business updates. Participants can pre-register for the call and access a live webcast on the company's Investor Relations website. Foot Locker operates approximately 3,000 retail locations across 27 countries, serving youth culture through various sneaker and athletic brands.
Foot Locker, Inc. (NYSE:FL) has partnered with FreedomPay to implement its advanced commerce platform in over 2,000 U.S. stores. This integration offers customers a secure, touchless payment experience, allowing payments via digital wallets like PayPal and Venmo. CEO Frank Bracken emphasized the initiative aims to enhance customer experience in today's digital landscape. FreedomPay, known for its robust payment solutions, aims to provide innovative and secure in-store commerce options. This partnership aligns with Foot Locker's commitment to improving the overall shopping experience for its customers.
Foot Locker, Inc. (NYSE: FL) has released its FY2019-20 Impact Report, detailing its environmental, social, and governance (ESG) initiatives. CEO Richard Johnson emphasized that corporate social responsibility is integral to the company's operations. Key highlights include the formation of a global ESG team, participation in the Carbon Disclosure Project, and a commitment of $200 million over five years to support the Black workforce through the LEED initiative. The report also discusses diversity strategies and aligns ESG disclosures with SASB and TCFD standards.
Foot Locker, Inc. (NYSE: FL) announced the appointment of Andrew E. Page as Executive Vice President and Chief Financial Officer, effective April 12, 2021. With nearly 30 years of finance and accounting experience, Page previously held key roles at Advance Auto Parts and Under Armour. He will oversee key financial functions and work with the executive team to advance the company's growth strategies. His appointment follows the retirement of Lauren B. Peters.
Foot Locker has appointed Melody Ehsani as Creative Director of its women's business to enhance brand engagement with female consumers. Ehsani, known for her streetwear brand ME., will design quarterly apparel collections and curate Nike and Jordan products. The first collection launches in Summer 2021 across the U.S., Canada, and select locations in Europe and Asia Pacific. The initiative includes a digital crowd-sourcing program for pop-up shops to provide consumers early access to collections. This move underscores Foot Locker's commitment to empowering women and fostering cultural impact.
Foot Locker reported Q4 2020 net income of $123 million, or $1.17 per share, marking a 7.9% EPS decline from the prior year. Total sales fell 1.4% to $2,189 million. Non-GAAP EPS was $1.55, down 4.9%. Fiscal 2020 sales were $7,548 million, a 5.7% decrease, with net income down 34.2% to $323 million. The company increased its quarterly dividend by 33% to $0.20 per share and returned $110 million to shareholders. 2021 guidance is not provided due to COVID-19 uncertainty. As of Jan 30, 2021, Foot Locker operated 2,998 stores globally.
Foot Locker, Inc. (NYSE: FL) has announced a $275 million capital expenditure program for 2021, significantly higher than the $155 million in 2020, aimed at enhancing its digital capabilities and global supply chain. Additionally, the Board declared a quarterly dividend of $0.20 per share, a 33% increase from the previous $0.15, payable on April 30, 2021. These initiatives reflect the Board's confidence in the company's growth and commitment to shareholder returns, despite ongoing pandemic uncertainties.
