Foot Locker's Q1 2024 Earnings Show Profit and Revenue Decline
Thursday, 30 May 2024, 13:53
Foot Locker Q1 2024 Earnings Update
Foot Locker, Inc. (NYSE: FL) reported a decline in profit for the first quarter of fiscal 2024, with a 3% decrease in revenues from the previous year.
Key Highlights:
- Revenue Decline: Revenues dropped by 3% year-over-year to $1.87 billion.
- Sales Impact: Excluding foreign exchange fluctuations, sales decreased by 2.4%.
- Comparable-Store Sales: Experienced a decline, indicating challenges for the specialty athletic retailer.
Foot Locker's performance in Q1 reflects a tough market environment, with decreasing sales posing challenges for the company's profitability.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.