Foot Locker (FL)

Foot Locker, Inc. leads the celebration of sneaker and youth culture around the globe through a portfolio of brands including Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Eastbay, Footaction, and Sidestep. With approximately 3,000 retail stores in 27 countries across North America, Europe, Asia, Australia, and New Zealand, as well as websites and mobile apps, the Company's purpose is to inspire and empower youth culture around the world, by fueling a shared passion for self-expression and creating unrivaled experiences at the heart of the global sneaker community. Foot Locker, Inc. has its corporate headquarters in New York.

Company profile

Ticker

Exchange

NYSE

Website

www.footlocker-inc.com

CEO

Richard Johnson

Incorporated

New York

Location

New York

Fiscal year end

Jan 29

Sector

Retail Trade > Shoe Stores

Industry (SIC)

Retail - Shoe Stores

Designer Brands • Genesco • Shoe Carnival • Boot Barn ...

Former names

FOOT LOCKER INC, VENATOR GROUP INC, WOOLWORTH CORPORATION

SEC CIK

0000850209

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Foot Locker Australia, Inc. • Foot Locker New Zealand, Inc. • Team Edition Apparel, Inc. • FL Canada Holdings, Inc. • Foot Locker Sourcing, Inc. • Foot Locker Services Pte. Ltd. • FLE Holdings • FLE Logistics B.V. • Foot Locker Greece Athletic Goods Ltd. • FL Finance (Europe) Limited ...

IRS number

133513936

FL stock data

1M 1Y 5Y

News

From Benzinga Pro

CNBC's Final Trades: Foot Locker, Vertex Pharmaceuticals And This Investment Management Company

21 Jul 22

On CNBC’s “Halftime Report Final Trades,” Bryn Talkington of Requisite Capital Management said her mentor once told her that “one bets against the U.S. at one’s own peril.” She added to this saying, “One bets against the U.S.

Goldman Sachs, Costco Get CNBC Fast Money Mentions, With This Stock Jumping 0.66% In Seconds

20 Jul 22

CNBC’s "Fast Money: Halftime Report" delivers market-moving news to investors.

UBS Maintains Neutral on Foot Locker, Lowers Price Target to $28

15 Jul 22

UBS analyst Jay Sole maintains Foot Locker (NYSE:FL) with a Neutral and lowers the price target from $35 to $28.

Stocks That Hit 52-Week Lows On Thursday

14 Jul 22

Stocks That Hit 52-Week Lows On Tuesday

5 Jul 22

Press releases

From Benzinga Pro

FOOT LOCKER, INC. TO REPORT SECOND QUARTER FINANCIAL RESULTS ON FRIDAY, AUGUST 19, 2022

3 Aug 22

NEW YORK, Aug. 3, 2022 /PRNewswire/ -- Foot Locker, Inc. (NYSE:FL), the New York-based specialty athletic retailer, plans to report financial results for its second quarter ended July 30, 2022 before the U.S. markets

CHAMPS SPORTS UNVEILS "WOMEN WIN" CAMPAIGN IN HONOR OF WOMEN IN SPORTS WHO ARE MAKING AN IMPACT

20 Jul 22

In Partnership with VOICEINSPORT, The Campaign Showcases Champs Sports' Ongoing Commitment to Promoting Gender Equity Within The Sports Industry NEW YORK, July 20, 2022 /PRNewswire/ -- Champs Sports, part of Foot

BSN SPORTS Acquires the Eastbay Team Sales Business from Foot Locker Retail, Inc.

27 Jun 22

DALLAS, June 27, 2022 /PRNewswire/ -- BSN SPORTS, one of the largest direct marketers and distributors of sporting goods, footwear, apparel and branding to the school and league markets and a division of Varsity Brands,

FOOT LOCKER, INC. TO DIVEST TEAM SALES BUSINESS

27 Jun 22

FOOT LOCKER, INC. APPOINTS NEIL BANSAL AS EXECUTIVE VICE PRESIDENT AND CHIEF STRATEGY & TRANSFORMATION OFFICER

1 Jun 22

Analyst ratings and price targets

Last 3 months

Average target

$29.00

Low target

$24.00

High target

$32.00

Calendar

8 Jun 22

12 Aug 22

29 Jan 23

Financial summary

Financial statements Chart FL financial data

Quarter (USD)	Apr 22	Jan 22	Oct 21	Jul 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Jan 22	Jan 21	Jan 20	Feb 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	595M	595M	595M	595M	595M	595M
Cash burn (monthly)	85M	117.17M	(no burn)	(no burn)	7M	(no burn)
Cash used (since last report)	292.06M	402.59M	n/a	n/a	24.05M	n/a
Cash remaining	302.94M	192.41M	n/a	n/a	570.95M	n/a
Runway (months of cash)	3.6	1.6	n/a	n/a	81.6	n/a

Beta Read what these cash burn values mean

Financial data from Foot Locker earnings reports.

Recent insider trades

FL insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
29 Jul 22	Payne Ulice JR	Phantom Stock Units	Grant	Acquire A	No	No	28.37	64.842	1.84K	6,927.778
29 Jul 22	Feldman Alan D	Phantom Stock Units	Grant	Acquire A	No	No	28.37	437.366	12.41K	31,457.56
29 Jul 22	Walker Tristan	Phantom Stock Units	Grant	Acquire A	No	No	28.37	59.561	1.69K	6,547.931
29 Jul 22	Nicosia Darlene	Phantom Stock Units	Grant	Acquire A	No	No	28.37	67.691	1.92K	7,132.684
29 Jul 22	Young Dona D	Phantom Stock Units	Grant	Acquire A	No	No	28.37	1,121.236	31.81K	82,908.879

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

FL institutional ownership history Ownership history

77.1% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	335	1	+33400.0%
Opened positions	335	1	+33400.0%
Closed positions	1	390	-99.7%
Increased positions	0	0
Reduced positions	0	0

13F shares	Current	Prev Q	Change
Total value	2.36B	556.3M	+323.7%
Total shares	72.84M	12.75M	+471.3%
Total puts	3.38M	0	NEW
Total calls	3.07M	0	NEW
Total put/call ratio	1.1	–	–

Largest owners	Shares	Value	Change
Vanguard	10.28M	$304.97M	NEW
FMR	10.23M	$303.5M	NEW
BLK Blackrock	8.13M	$241.12M	NEW
LSV Asset Management	4.45M	$132.07M	NEW
Dimensional Fund Advisors	4.25M	$126.17M	NEW
STT State Street	2.65M	$78.51M	NEW
Boston Partners	1.27M	$37.45M	NEW
BK Bank Of New York Mellon	1.16M	$34.43M	NEW
Geode Capital Management	1.13M	$33.55M	NEW
Voloridge Investment Management	1.1M	$32.67M	NEW

Largest transactions	Shares	Bought/sold	Change
Vesa Equity Investment S.a r.l.	0	-12.75M	EXIT
Vanguard	10.28M	+10.28M	NEW
FMR	10.23M	+10.23M	NEW
BLK Blackrock	8.13M	+8.13M	NEW
LSV Asset Management	4.45M	+4.45M	NEW
Dimensional Fund Advisors	4.25M	+4.25M	NEW
STT State Street	2.65M	+2.65M	NEW
Boston Partners	1.27M	+1.27M	NEW
BK Bank Of New York Mellon	1.16M	+1.16M	NEW
Geode Capital Management	1.13M	+1.13M	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Crocs

Management Discussion

We evaluate performance based on several factors, primarily the banner’s financial results, referred to as division profit. Division profit reflects income before income taxes, impairment and other charges, corporate expenses, non-operating income, and net interest expense.
The table below summarizes our results.
All references to comparable-store sales for a given period relate to sales of stores that were open at the period-end and had been open for more than one year. The computation of consolidated comparable sales also includes our direct-to-customers channel. Stores opened or closed during the period are not included in the comparable-store base; however, stores closed temporarily for relocation or remodeling are included. Stores that were temporarily closed due to the COVID-19 pandemic are also included in the computation of comparable-store sales. Computations exclude the effect of foreign currency fluctuations.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	8th grade Avg

New words: absence, advertising, assure, behalf, cancel, climate, conform, cooperative, distancing, diversify, document, entirety, entitled, February, footnote, foreseeable, forward, framework, free, geopolitical, implied, inaccurate, industry, intend, intercompany, judicial, line, markdown, monitor, nominal, omnichannel, oral, payment, prime, prove, publicly, qualified, qualify, reach, recast, regulation, relationship, set, simulation, slightly, strategy, travel, unavailability, uncertain, unneeded, volume, weather, written

Removed: accrual, advance, ago, amendment, announced, annum, athleisure, borrowed, carrier, case, children, claim, close, closure, commitment, conducted, convert, coverage, covered, cumulative, decision, dissemination, drawn, drove, entered, equal, Eurodollar, European, evaluated, evolving, exciting, experience, facility, fee, floor, fulfillment, funding, ii, implementation, improve, improved, improvement, investing, leasehold, leverage, LIBOR, live, longer, migrating, mitigate, modified, noted, notified, order, partial, pay, percent, personal, promotional, protective, recognition, record, reducing, reference, reformation, repaid, response, revaluation, reversal, revolving, settlement, shelter, shutdown, significantly, strain, study, substantially, sustained, system, timing, transmissible, trend, unaffected, underperforming, unforeseeable, unused, variable, virulent, widespread, work, write

From filing 10-Q 2021 Q1

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