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, Inc. (NYSE: FL) announced the pricing of a private offering of $400 million in 4.000% Senior Notes due 2029, priced at 100% of the principal amount. Closing is expected on October 5, 2021, pending customary conditions. The net proceeds will be used for general corporate purposes. The Notes will be offered to qualified institutional buyers under Rule 144A and outside the U.S. under Regulation S, and have not been registered. This release does not constitute an offer to sell or solicit securities in jurisdictions where it would be unlawful.
Foot Locker is launching a private offering of $400 million in Senior Notes due 2029. The company plans to use the net proceeds for general corporate purposes. The offering is available solely to qualified institutional buyers and will not be registered under the Securities Act. Foot Locker operates approximately 3,000 retail stores across 27 countries, focusing on youth culture and sneaker community engagement. This press release contains forward-looking statements that include a variety of risks and uncertainties that could impact results.
Foot Locker, Inc. (NYSE: FL) has successfully acquired Eurostar, Inc. (WSS) for $750 million in cash. This transaction is aimed at expanding Foot Locker's market reach, particularly among the Hispanic community on the West Coast. CEO Richard A. Johnson highlighted the potential for low double-digit annual sales growth and EBITDA margins in the mid-teens over the next five years. The acquisition is expected to boost EPS by $0.44 to $0.48 in 2022. WSS will continue to operate under its brand, enhancing Foot Locker's product mix and community engagement.
Foot Locker reported robust second-quarter results for the period ending July 31, 2021, with net income soaring to $430 million ($4.09 per share) compared to $45 million ($0.43 per share) last year. Total sales rose by 9.5% to $2,275 million, driven by a 6.9% increase in comparable-store sales. The company recorded a gross margin of 35.1%, significantly up from 25.9% a year earlier. With cash reserves of $1,845 million and a strategic focus on growth through acquisitions and infrastructure investments, Foot Locker remains optimistic despite ongoing challenges from COVID-19.
Foot Locker, Inc. (NYSE: FL) announced a quarterly cash dividend of $0.30 per share, marking a 50% increase from the previous $0.20. The dividend will be paid on October 29, 2021 to shareholders of record by October 15, 2021. This decision reflects the company's commitment to returning value to shareholders while investing in growth opportunities.
Foot Locker operates around 3,000 stores across 27 countries, focusing on youth culture and self-expression through its extensive portfolio of brands.
Foot Locker, Inc. (NYSE: FL) will announce its second quarter financial results for the period ending July 31, 2021, before U.S. markets open on August 20, 2021. A conference call is scheduled for 9:00 a.m. ET on the same day to discuss the results and provide an update on business performance. Investors can pre-register for the call and access live webcasts via the Investor Relations section of the Foot Locker website. The company operates approximately 3,000 retail locations across 27 countries, celebrating sneaker culture globally.
Foot Locker has announced its agreement to acquire Text Trading Company, K.K., which owns the atmos brand, for US$360 million, with additional performance-based purchase considerations. The deal was signed on July 31 and is expected to close within 60-90 days. This acquisition aims to enhance Foot Locker's global footprint, particularly in the Japan market, by leveraging atmos' culturally significant brand known for premium sneakers and apparel. The acquisition aligns with Foot Locker's growth strategy in the Asia-Pacific market.
Foot Locker (NYSE: FL) announced a definitive agreement to acquire atmos for $360 million. This acquisition aims to enhance Foot Locker's presence in the Asia-Pacific market, particularly Japan, which is a strategic growth area. atmos, known for its premium sneakers and apparel, generated approximately $175 million in revenue in 2020, with over 60% from digital channels. The deal is expected to be accretive to Foot Locker's earnings per share in fiscal 2021, facilitating market expansion and offering a critical foothold in a lucrative economy.
Foot Locker (NYSE: FL) announced a definitive agreement to acquire Eurostar, Inc. (WSS) for $750 million. The acquisition aims to enhance Foot Locker's market positioning, particularly among the Hispanic demographic, with WSS operating 93 stores in California, Texas, Arizona, and Nevada. WSS reported $425 million in revenue for fiscal year 2020 and a 15% CAGR over three years. The deal is projected to be accretive to earnings in fiscal year 2021, complementing Foot Locker's existing product mix and customer base, and is set to close in the third quarter of 2021.
Foot Locker has launched a basketball-inspired capsule collection designed by Melody Ehsani, the new Creative Director for women's business. Set to drop on June 10, 2021, the collection features apparel and accessories priced between $10 and $80. The launch includes a virtual festival on June 5, 2021, titled 'No More Next', encouraging community engagement. The collection emphasizes empowering women through streetwear and will be available online and in select stores in North America, Europe, and Asia Pacific. Foot Locker aims to increase accessibility through digital crowd-sourcing for potential pop-up shops.
