What To Expect From Foot Locker’s (NYSE: FL) Earnings Today

Foot Locker (NYSE: FL), a New York-based sportswear and footwear retailer, is set to release its second-quarter earnings before the market opens today. We take a quick look at what markets are expecting from FL.

Analysts are setting their expectations for Foot Locker to report a quarterly loss of 7 cents per share, which would be a downturn from the profit of 4 cents per share in the year-ago quarter. This projection is also a significant shift from the last quarter, where the company delivered an EPS of $0.22, against a consensus expectation of $0.12.

Markets are expecting Foot Locker's quarterly revenue of $1.89 billion, broadly in line with Q1 actuals. In comparison, the first quarter painted a slightly different financial picture for the company. While Foot Locker outperformed earnings estimates with adjusted earnings per share, their quarterly sales fell slightly short. The company reported $1.874 billion in sales against the projected $1.880 billion.

Foot Locker's stock price has shown some resilience despite the mixed financial expectations with YTD gains of 6.28% a marked improvement on the more than 20% losses experienced through 2023.

Foot Locker's second-quarter earnings release is a much-anticipated event, with analysts predicting a loss per share in stark contrast to the profit from the same quarter in the previous year. While past performance in the first quarter suggests some positive indicators, the upcoming earnings will be crucial for the company to outline its future strategies and for investors to gauge the retail sector's health in an uncertain economic climate.