FOOT LOCKER, INC. REPORTS SECOND QUARTER 2025 FINANCIAL RESULTS
Foot Locker (NYSE:FL) reported Q2 2025 financial results, showing mixed performance with total sales down 2.4% to $1.85 billion and comparable sales declining 2.0%. The company posted a GAAP loss of $0.39 per share and non-GAAP loss of $0.27 per share.
North American operations showed resilience with a 1.4% comparable sales increase, led by positive performance from Foot Locker, Kids Foot Locker, and Champs Sports banners. However, WSS and international businesses faced challenges, with European and Asia Pacific sales declining by 10.3%.
The company continued executing its Lace Up Plan, completing 52 store refreshes and opening 11 reimagined stores. Notably, shareholders approved the pending acquisition by DICK'S Sporting Goods, with the transaction expected to close on September 8, 2025.
Foot Locker (NYSE:FL) ha comunicato i risultati del secondo trimestre 2025, con performance contrastanti: le vendite totali sono diminuite del 2,4% attestandosi a $1,85 miliardi e le vendite comparabili sono calate del 2,0%. La societ脿 ha registrato una perdita GAAP di $0,39 per azione e una perdita non-GAAP di $0,27 per azione.
Le attivit脿 nordamericane hanno mostrato resilienza con un aumento delle vendite comparabili dell'1,4%, trainato da Foot Locker, Kids Foot Locker e Champs Sports. Al contrario, WSS e le attivit脿 internazionali hanno incontrato difficolt脿, con vendite in Europa e Asia Pacifico in calo del 10,3%.
L'azienda ha proseguito l'attuazione del Lace Up Plan, completando 52 ristrutturazioni di negozi e aprendo 11 punti vendita ripensati. I soci hanno inoltre approvato l'acquisizione da parte di DICK'S Sporting Goods, con chiusura dell'operazione prevista per l'8 settembre 2025.
Foot Locker (NYSE:FL) inform贸 los resultados financieros del segundo trimestre de 2025, mostrando un desempe帽o mixto: las ventas totales bajaron un 2,4% hasta $1,85 mil millones y las ventas comparables disminuyeron un 2,0%. La compa帽铆a registr贸 una p茅rdida GAAP de $0,39 por acci贸n y una p茅rdida non-GAAP de $0,27 por acci贸n.
Las operaciones en Norteam茅rica mostraron resistencia con un aumento del 1,4% en ventas comparables, impulsado por Foot Locker, Kids Foot Locker y Champs Sports. Sin embargo, WSS y los negocios internacionales enfrentaron desaf铆os, con ventas en Europa y Asia Pac铆fico cayendo un 10,3%.
La empresa continu贸 ejecutando su Lace Up Plan, completando 52 renovaciones de tiendas y abriendo 11 tiendas redise帽adas. Los accionistas aprobaron adem谩s la adquisici贸n pendiente por parte de DICK'S Sporting Goods, cuya operaci贸n se espera cierre el 8 de septiembre de 2025.
Foot Locker (NYSE:FL)電� 2025須岅硠鞐半弰 2攵勱赴 鞁れ爜鞚� 氚滍憸頄堨姷雼堧嫟. 鞝勲皹鞝侅澑 鞁れ爜鞚� 鞐囮皥霠胳溂氅�, 齑濍Г於滌潃 2.4% 臧愳唽頃� $1.85 billion, 牍勱祼毵れ稖(comps)鞚� 2.0% 臧愳唽頄堨姷雼堧嫟. 須岇偓電� 欤茧嫻 GAAP 靻愳嫟 $0.39 氚� 牍凣AAP 靻愳嫟 $0.27鞚� 旮半頄堨姷雼堧嫟.
攵侂 靷梾鞚� 牍勱祼毵れ稖 1.4% 歃濌皜搿� 瓴“頃潉 氤挫榾瓿�, Foot Locker, Kids Foot Locker 氚� Champs Sports 敫岆灉霌滉皜 靹膘灔鞚� 欤茧弰頄堨姷雼堧嫟. 氚橂┐ WSS 氚� 頃挫櫢 靷梾鞚� 攵�歆勴枅瓿�, 鞙犽熃 氚� 鞎勳嫓鞎勴儨韽夓枒 歆�鞐� 毵れ稖鞚� 10.3% 臧愳唽頄堨姷雼堧嫟.
須岇偓電� Lace Up Plan鞚� 瓿勳啀 鞁ろ枆頃� 52臧� 毵れ灔 毽攧霠堨嫓毳� 鞕勲頃橁碃 11臧� 鞛惮靸� 毵れ灔鞚� 鞓ろ攬頄堨姷雼堧嫟. 霕愴暅 欤检＜霌れ潃 DICK'S Sporting Goods鞚� 鞚胳垬毳� 鞀轨澑頄堨溂氅�, 瓯半灅電� 2025雲� 9鞗� 8鞚检棎 膦呹舶霅� 鞓堨爼鞛呺媹雼�.
Foot Locker (NYSE:FL) a publi茅 ses r茅sultats du deuxi猫me trimestre 2025, montrant des performances contrast茅es : le chiffre d'affaires total a baiss茅 de 2,4% pour s'茅tablir 脿 1,85 milliard $ et les ventes comparables ont recul茅 de 2,0%. La soci茅t茅 a enregistr茅 une perte GAAP de 0,39 $ par action et une perte non-GAAP de 0,27 $ par action.
Les activit茅s en Am茅rique du Nord ont fait preuve de r茅silience avec une hausse des ventes comparables de 1,4%, port茅e par Foot Locker, Kids Foot Locker et Champs Sports. En revanche, WSS et les activit茅s internationales ont rencontr茅 des difficult茅s, les ventes en Europe et dans la r茅gion Asie-Pacifique chutant de 10,3%.
L'entreprise a poursuivi la mise en 艙uvre de son Lace Up Plan, achevant 52 rafra卯chissements de magasins et ouvrant 11 magasins repens茅s. Les actionnaires ont en outre approuv茅 l'acquisition par DICK'S Sporting Goods, la cl么ture de l'op茅ration 茅tant pr茅vue le 8 septembre 2025.
Foot Locker (NYSE:FL) ver枚ffentlichte die Ergebnisse f眉r das zweite Quartal 2025 mit gemischter Entwicklung: Die Gesamtums盲tze sanken um 2,4% auf $1,85 Milliarden, die vergleichbaren Ums盲tze fielen um 2,0%. Das Unternehmen verzeichnete einen GAAP-Verlust von $0,39 je Aktie und einen Non-GAAP-Verlust von $0,27 je Aktie.
Die Nordamerika-Gesch盲fte zeigten Robustheit mit einem Anstieg der vergleichbaren Ums盲tze um 1,4%, getragen von Foot Locker, Kids Foot Locker und Champs Sports. Dagegen hatten WSS und die internationalen Gesch盲fte Probleme; die Ums盲tze in Europa und dem asiatisch-pazifischen Raum sanken um 10,3%.
Das Unternehmen setzte seinen Lace Up Plan fort, schloss 52 Store-Refreshes ab und er枚ffnete 11 neu gestaltete Filialen. Die Aktion盲re stimmten au脽erdem dem geplanten Erwerb durch DICK'S Sporting Goods zu; der Abschluss der Transaktion wird f眉r den 8. September 2025 erwartet.
- North American comparable sales increased by 1.4%, showing sequential improvement
- Champs Sports achieved fourth consecutive quarter of positive comparable sales with 2.0% growth
- Successfully expanded FLX Rewards Program to Europe
- Received all required regulatory approvals for DICK'S Sporting Goods acquisition
- Demonstrated expense control with 1.7% decrease in SG&A dollars
- Total sales declined 2.4% year-over-year to $1.85 billion
- Posted GAAP loss of $0.39 per share, worse than prior year's $0.13 loss
- European and Asia Pacific businesses saw significant 10.3% comparable sales decline
- Gross margin decreased by 50 basis points
- Inventory levels increased 3.7% year-over-year
Insights
FL's Q2 shows North American recovery amid international weakness, with pending DICK'S acquisition set to close soon.
Foot Locker's Q2 results reveal a mixed performance with signs of sequential improvement despite overall weakness. Total sales declined
The results highlight a geographic divergence in performance. North American banners excluding WSS posted even stronger growth at
On profitability, gross margin decreased by
The bottom line showed deterioration with a GAAP loss per share of
Inventory management appears concerning, with merchandise inventories up
The most significant development is the pending acquisition by DICK'S Sporting Goods, which has now received shareholder approval and all required regulatory clearances. The transaction is expected to close on September 8, 2025, bringing an end to Foot Locker's run as an independent public company.
鈥⑻齌otal Sales Down
鈥⑻齆orth American Comparable Sales Increase of
鈥⑻鼼AAP EPS Loss of
鈥⑻鼵ontinued Store Modernization Efforts with 52 Refreshes
鈥⑻齇pened 11 Reimagined Stores including the First 2 Champs Sports Stores听
鈥⑻齋uccessfully Launched Enhanced FLX Rewards Program in
Mary Dillon, Chief Executive Officer said, "In the second quarter, we built sequential momentum and delivered positive North American comparable sales results led by our Foot Locker, Kids Foot Locker, and Champs Sports banners, including a positive start to the Back-to-School season in July. At the same time, our results reflect a challenging operating environment and soft store traffic trends, particularly in our WSS and international businesses. Our team continued to execute our Lace Up Plan, remaining focused on elevating our customers' experiences by leveraging our strong brand partnerships, enhancing our store base through our Refresh and Reimagined programs, improving our digital platforms, and deepening global engagement through our FLX Rewards Program."
Ms. Dillon added, "We are pleased to have recently received shareholder approval for the Company's acquisition by DICK'S Sporting Goods. All required regulatory approvals have been received, and we look forward to the successful completion of the transaction."
Second Quarter Results
- Total sales were down
2.4% , to$1,851 million $1,896 million 3.7% .
听 - Comparable sales decreased by
2.0% , with comparable sales inNorth America generating a comparable increase of1.4% , which represented an improvement relative to the first quarter. Additionally, this period represented the fourth consecutive quarter of positive comparable sales growth at our Champs Sports banner, generating a comparable increase of2.0% . Excluding WSS, comparable sales inNorth America increased by2.6% . These gains were partially offset by comparable sales declines from our European andAsia Pacific businesses, which decreased by10.3% .
Please refer to the Sales by Banner table below for detailed sales performance by banner and region. - Gross margin decreased by 50 basis points as compared with the prior-year period. Merchandise margins decreased by 50 basis points, while occupancy as a percentage of sales was flat compared to the prior-year period.
- SG&A as a percentage of sales increased by 20 basis points as compared with the prior-year period, primarily due to underlying deleverage on the sales decline. Compared to the prior year, SG&A dollars decreased by
1.7% , reflecting benefits from ongoing expense discipline, including our cost optimization program, partially offset by our investments in technology. - Despite a pre-tax loss in the quarter, the Company recorded income tax expense of
$8 million the Netherlands . This a result of the Company's first quarter decision to fully value the related deferred tax assets on net operating losses. On a non-GAAP basis, income tax expense was$11 million - Net loss was
$38 million $12 million $27 million $4 million - Second quarter loss per share was
$0.39 $0.13 $0.27 $0.05
See the tables below for the reconciliation of Non-GAAP measures.
Balance Sheet
At quarter-end, the Company had听cash and cash equivalents of
As of听August 2, 2025, the Company's merchandise inventories were
Store Base Update
During the second quarter, the Company opened 2听new stores听and closed 11 stores. Also during the quarter, the Company remodeled or relocated 14 stores and refreshed 52 stores to our updated design standards, which incorporate key elements of our current brand design specifications.
As of听August 2, 2025, the Company operated 2,354 stores in 20听countries in听North America,
Agreement to be Acquired by DICK'S
As previously announced on May 15, 2025, Foot Locker, Inc. and DICK'S Sporting Goods entered into a definitive merger agreement under which DICK'S will acquire the Company. On August 22, 2025, Foot Locker, Inc. received shareholder approval for the acquisition. The waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, expired at 11:59 p.m. Eastern time on August 25, 2025 and all required regulatory approvals to complete the transaction have been received. The Company expects the transaction will close on September 8, 2025.听 听听
In light of the pending transaction with DICK'S, Foot Locker, Inc. will not be holding a conference call to discuss its second quarter 2025 results and will not be providing, or updating previously issued, financial guidance.
Disclosure Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws. Other than statements of historical facts, all statements which address activities, events, or developments that the Company anticipates will or may occur in the future, including, but not limited to, such things as future capital expenditures, expansion, strategic plans, financial objectives, dividend payments, stock repurchases, financial outlook, and other such matters, are forward-looking statements. These forward-looking statements are based on many assumptions and factors, which are detailed in the Company's filings with the
These forward-looking statements are based largely on our expectations and judgments and are subject to a number of risks and uncertainties, many of which are unforeseeable and beyond our control. Factors that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements herein include, but are not limited to, the occurrence of any event, change or other circumstance that could give rise to the right of us or DICK'S Sporting Goods, Inc. ("DICK'S") to terminate the Agreement and Plan of Merger by and among us, DICK'S and a wholly owned subsidiary of DICK'S ("Merger Sub") pursuant to which, among other things, Merger Sub would be merged with and into us (the "Transaction"); the outcome of any legal proceedings that may be instituted against us, including with respect to the Transaction; the possibility that the Transaction does not close when expected or at all because conditions to closing are not satisfied on a timely basis or at all; reputational risk and potential adverse reactions of our customers, employees or other business partners; the diversion of our management's attention and time from ongoing business operations and opportunities due to the Transaction; and any other factors set forth in the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended February 1, 2025, filed on March 27, 2025, and in the Company's Quarterly Report on Form 10-Q for the quarterly period ended May 3, 2025, filed on June 11, 2025. Any changes in such assumptions or factors could produce significantly different results. The Company undertakes no obligation to update the forward-looking statements, whether as a result of new information, future events, or otherwise.
Foot Locker, Inc. Condensed Consolidated Statements of Operations听 (unaudited) Periods ended August 2, 2025听and August 3, 2024 (In millions, except per share amounts) | ||||||||||||||||
Second Quarter | Year-to-Date | |||||||||||||||
2025 | 2024 | 2025 | 2024 | |||||||||||||
Sales | $ | 1,851 | $ | 1,896 | $ | 3,639 | $ | 3,770 | ||||||||
Other revenue | 6 | 4 | 12 | 9 | ||||||||||||
Total revenue | 1,857 | 1,900 | 3,651 | 3,779 | ||||||||||||
Cost of sales | 1,349 | 1,373 | 2,629 | 2,708 | ||||||||||||
Selling, general and administrative expenses | 468 | 476 | 926 | 937 | ||||||||||||
Depreciation and amortization | 51 | 51 | 102 | 102 | ||||||||||||
Impairment and other | 15 | 9 | 291 | 23 | ||||||||||||
(Loss) income from operations | (26) | (9) | (297) | 9 | ||||||||||||
Interest expense, net | (3) | (3) | (5) | (4) | ||||||||||||
Other income (expense), net | (1) | (2) | 2 | (6) | ||||||||||||
Loss before income taxes | (30) | (14) | (300) | (1) | ||||||||||||
Income tax expense (benefit) | 8 | (2) | 101 | 3 | ||||||||||||
Net loss | $ | (38) | $ | (12) | $ | (401) | $ | (4) | ||||||||
Diluted (loss) earnings per share | $ | (0.39) | $ | (0.13) | $ | (4.20) | $ | (0.04) | ||||||||
Weighted-average diluted shares outstanding | 95.6 | 95.0 | 95.4 | 94.8 | ||||||||||||
Non-GAAP Financial Measures
In addition to reporting the Company's financial results reported in accordance with generally accepted accounting principles ("GAAP"), the Company reports certain financial results that differ from what is reported under GAAP. Non-GAAP financial measures that will be presented will exclude (i) gains or losses related to our minority investments, (ii) impairments and other, and (iii) certain tax matters that we believe are nonrecurring or unusual in nature.
Certain financial measures are identified as non-GAAP, such as sales changes excluding foreign currency fluctuations, adjusted income before income taxes, adjusted net income, and adjusted diluted earnings per share. We present certain amounts as excluding the effects of foreign currency fluctuations, which are also considered non-GAAP measures. Where amounts are expressed as excluding the effects of foreign currency fluctuations, such changes are determined by translating all amounts in both years using the prior-year average foreign exchange rates. Presenting amounts on a constant currency basis is useful to investors because it enables them to better understand the changes in our business that are not related to currency movements.
These non-GAAP measures are presented because we believe they assist investors in comparing our performance across reporting periods on a consistent basis by excluding items that we do not believe are indicative of our core business or affect comparability. In addition, these non-GAAP measures are useful in assessing our progress in achieving our long-term financial objectives and are consistent with how executive compensation is determined.
Foot Locker, Inc. |
We estimate the tax effect of all non-GAAP adjustments by applying a marginal tax rate to each item. The income tax items represent the discrete amount that affected the period. The non-GAAP financial information is provided in addition, and not as an alternative, to our reported results prepared in accordance with GAAP. The various non-GAAP adjustments are summarized in the tables below. |
Reconciliation of GAAP to non-GAAP results: | ||||||||||||||||
Second Quarter | Year-to-Date | |||||||||||||||
2025 | 2024 | 2025 | 2024 | |||||||||||||
Pre-tax (loss) income: | ||||||||||||||||
(Loss) income before income taxes | $ | (30) | $ | (14) | $ | (300) | $ | (1) | ||||||||
Pre-tax adjustments excluded from GAAP: | ||||||||||||||||
Impairment and other (1) | 15 | 9 | 291 | 23 | ||||||||||||
Other income / expense (2) | (1) | 鈥� | (5) | 2 | ||||||||||||
Adjusted income before income taxes (non-GAAP) | $ | (16) | $ | (5) | $ | (14) | $ | 24 | ||||||||
After-tax (loss) income: | ||||||||||||||||
Net (loss) income | $ | (38) | $ | (12) | $ | (401) | $ | (4) | ||||||||
After-tax adjustments excluded from GAAP: | ||||||||||||||||
Impairment and other, net of income tax benefit of | 11 | 8 | 248 | 19 | ||||||||||||
Other income / expense, net of income tax expense of $-, $-, $- and | (1) | 鈥� | (5) | 2 | ||||||||||||
Tax valuation allowance and deferred tax cost write off (3) | 1 | 鈥� | 125 | 鈥� | ||||||||||||
Adjusted net (loss) income (non-GAAP) | $ | (27) | $ | (4) | $ | (33) | $ | 17 | ||||||||
Second Quarter | Year-to-Date | |||||||||||||||
2025 | 2024 | 2025 | 2024 | |||||||||||||
Earnings per share: | ||||||||||||||||
Diluted (loss) earnings per share | $ | (0.39) | $ | (0.13) | $ | (4.20) | $ | (0.04) | ||||||||
Diluted per share amounts excluded from GAAP: | ||||||||||||||||
Impairment and other (1) | 0.11 | 0.08 | 2.59 | 0.20 | ||||||||||||
Other income / expense (2) | 鈥� | 鈥� | (0.05) | 0.02 | ||||||||||||
Tax valuation allowance and deferred tax cost write off (3) | 0.01 | 鈥� | 1.32 | 鈥� | ||||||||||||
Adjusted diluted (loss) earnings per share (non-GAAP) | $ | (0.27) | $ | (0.05) | $ | (0.34) | $ | 0.18 | ||||||||
听
Foot Locker, Inc. Non-GAAP Reconciliation听 (unaudited) Periods ended August 2, 2025听and August 3, 2024 (In millions, except per share amounts)听 听 | |
Notes on Non-GAAP Adjustments: | |
(1) | During the second quarter of听2025, the Company recorded For the second quarter, impairment and other听also included a net credit of Additionally, during the year-to-date period of 2025, the Company recorded听non-cash impairment charges of The听second听quarter of听2024 included a |
(2) | For the听second quarter听of听2025, other expense / income included a For year-to-date听2024, the adjustments to other income / expense consisted of听 |
(3) | In the first quarter of 2025, it was determined that due to recent weakness in market conditions, the ability to utilize the entirety of our European deferred tax asset was less likely than prior periods. Accordingly, the Company recorded a |
听
Foot Locker, Inc. Sales by Banner (unaudited) Periods ended听August 2, 2025听and August 3, 2024 (In millions) | ||||||||||||||||||||||||||||||||
Second Quarter | Year-to-Date | |||||||||||||||||||||||||||||||
2025 | 2024 | Constant | Comparable | 2025 | 2024 | Constant | Comparable | |||||||||||||||||||||||||
Foot Locker | $ | 764 | $ | 754 | 1.3 | % | 1.8 | % | $ | 1,499 | $ | 1,513 | (0.7) | % | 0.4 | % | ||||||||||||||||
Champs Sports | 269 | 268 | 0.7 | 2.0 | 530 | 535 | (0.7) | 1.2 | ||||||||||||||||||||||||
Kids Foot Locker | 165 | 154 | 7.1 | 7.6 | 348 | 337 | 3.3 | 5.3 | ||||||||||||||||||||||||
WSS | 147 | 155 | (5.2) | (8.1) | 307 | 315 | (2.5) | (6.3) | ||||||||||||||||||||||||
Other | 1 | 1 | 鈥� | 鈥� | 1 | 1 | 鈥� | 鈥� | ||||||||||||||||||||||||
1,346 | 1,332 | 1.1 | 1.4 | 2,685 | 2,701 | (0.4) | 0.4 | |||||||||||||||||||||||||
EMEA | 401 | 445 | (15.3) | (11.4) | 747 | 839 | (14.3) | (10.8) | ||||||||||||||||||||||||
Foot Locker | 67 | 87 | (21.8) | (12.8) | 133 | 159 | (13.8) | (7.2) | ||||||||||||||||||||||||
atmos | 37 | 32 | 6.3 | 9.7 | 74 | 71 | 鈥� | 0.7 | ||||||||||||||||||||||||
104 | 119 | (14.3) | (6.4) | 207 | 230 | (9.6) | (4.6) | |||||||||||||||||||||||||
Total | $ | 1,851 | $ | 1,896 | (3.7) | % | (2.0) | % | $ | 3,639 | $ | 3,770 | (4.1) | % | (2.3) | % | ||||||||||||||||
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Foot Locker, Inc. Condensed Consolidated Balance Sheets (unaudited) (In millions) | ||||||||
August 2, | August 3, | |||||||
2025 | 2024 | |||||||
ASSETS | ||||||||
Current assets: | ||||||||
Cash and cash equivalents | $ | 299 | $ | 291 | ||||
Merchandise inventories | 1,709 | 1,648 | ||||||
Other current assets | 364 | 404 | ||||||
2,372 | 2,343 | |||||||
Property and equipment, net | 899 | 905 | ||||||
Operating lease right-of-use assets | 2,052 | 2,173 | ||||||
Deferred taxes | 41 | 130 | ||||||
Goodwill | 655 | 764 | ||||||
Other intangible assets, net | 227 | 393 | ||||||
Minority investments | 115 | 150 | ||||||
Other assets | 146 | 95 | ||||||
$ | 6,507 | $ | 6,953 | |||||
LIABILITIES AND SHAREHOLDERS' EQUITY | ||||||||
Current liabilities: | ||||||||
Accounts payable | $ | 542 | $ | 487 | ||||
Accrued and other liabilities | 461 | 424 | ||||||
Current portion of long-term debt and obligations under finance leases | 4 | 5 | ||||||
Current portion of lease obligations | 482 | 496 | ||||||
1,489 | 1,412 | |||||||
Long-term debt and obligations under finance leases | 440 | 440 | ||||||
Long-term lease obligations | 1,843 | 1,978 | ||||||
Other liabilities | 157 | 226 | ||||||
Total liabilities | 3,929 | 4,056 | ||||||
Total shareholders' equity | 2,578 | 2,897 | ||||||
$ | 6,507 | $ | 6,953 | |||||
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Foot Locker, Inc. Condensed Consolidated Statement of Cash Flows (unaudited) (In millions) | ||||||||
Twenty-six weeks ended | ||||||||
August 2, | August 3, | |||||||
($ in millions) | 2025 | 2024 | ||||||
From operating activities: | ||||||||
Net loss | $ | (401) | $ | (4) | ||||
Adjustments to reconcile net (loss) income to net cash from operating activities: | ||||||||
Tradename intangible asset impairment | 140 | 鈥� | ||||||
Impairment of goodwill | 110 | 鈥� | ||||||
Depreciation and amortization | 102 | 102 | ||||||
Deferred income taxes | 49 | (29) | ||||||
Impairment of long-lived assets and right-of-use assets | 21 | 16 | ||||||
Share-based compensation expense | 13 | 13 | ||||||
Gain on sales of businesses | (6) | 鈥� | ||||||
Change in assets and liabilities: | ||||||||
Merchandise inventories | (153) | (143) | ||||||
Accounts payable | 156 | 123 | ||||||
Accrued and other liabilities | 21 | 31 | ||||||
Pension contribution | (20) | 鈥� | ||||||
Other, net | (30) | 17 | ||||||
Net cash provided by operating activities | 2 | 126 | ||||||
From investing activities: | ||||||||
Capital expenditures | (107) | (132) | ||||||
Minority investments | (1) | (1) | ||||||
Proceeds from sales of businesses | 6 | 鈥� | ||||||
Net cash used in investing activities | (102) | (133) | ||||||
From financing activities: | ||||||||
Shares of common stock repurchased to satisfy tax withholding obligations | (3) | (5) | ||||||
Payment of obligations under finance leases | (3) | (3) | ||||||
Treasury stock reissued under employee stock plan | 2 | 2 | ||||||
Proceeds from exercise of stock options | 1 | 5 | ||||||
Payment of debt issuance costs | 鈥� | (4) | ||||||
Net cash used in financing activities | (3) | (5) | ||||||
Effect of exchange rate fluctuations on cash, cash equivalents, and restricted cash | 1 | 鈥� | ||||||
Net change in cash, cash equivalents, and restricted cash | (102) | (12) | ||||||
Cash, cash equivalents, and restricted cash at beginning of year | 430 | 334 | ||||||
Cash, cash equivalents, and restricted cash at end of period | $ | 328 | $ | 322 | ||||
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Foot Locker, Inc. Store Count and Square Footage (unaudited) 听 | ||||||||||||||||||||
Store activity is as follows: | ||||||||||||||||||||
February 1, | August 2, | Relocations/ | ||||||||||||||||||
2025 | Opened | Closed | 2025 | Remodels | ||||||||||||||||
Foot Locker | 677 | 1 | 14 | 664 | 26 | |||||||||||||||
Foot Locker Canada | 84 | 鈥� | 3 | 81 | 1 | |||||||||||||||
Champs Sports | 383 | 1 | 8 | 376 | 3 | |||||||||||||||
Kids Foot Locker | 369 | 1 | 5 | 365 | 3 | |||||||||||||||
WSS | 151 | 1 | 1 | 151 | 1 | |||||||||||||||
Footaction | 1 | 鈥� | 鈥� | 1 | 鈥� | |||||||||||||||
1,665 | 4 | 31 | 1,638 | 34 | ||||||||||||||||
EMEA (1) | 608 | 7 | 25 | 590 | 83 | |||||||||||||||
Foot Locker Pacific | 96 | 鈥� | 鈥� | 96 | 26 | |||||||||||||||
Foot Locker Asia | 11 | 鈥� | 11 | 鈥� | 鈥� | |||||||||||||||
atmos | 30 | 鈥� | 鈥� | 30 | 3 | |||||||||||||||
137 | 鈥� | 11 | 126 | 29 | ||||||||||||||||
Total | 2,410 | 11 | 67 | 2,354 | 146 | |||||||||||||||
Selling and gross square footage are as follows: | ||||||||||||||||||||
August 3, 2024 | August 2, 2025 | |||||||||||||||||||
(in thousands) | Selling | Gross | Selling | Gross | ||||||||||||||||
Foot Locker | 2,364 | 4,004 | 2,316 | 3,908 | ||||||||||||||||
Foot Locker Canada | 257 | 423 | 254 | 416 | ||||||||||||||||
Champs Sports | 1,497 | 2,356 | 1,410 | 2,218 | ||||||||||||||||
Kids Foot Locker | 766 | 1,281 | 746 | 1,261 | ||||||||||||||||
WSS | 1,479 | 1,779 | 1,578 | 1,900 | ||||||||||||||||
Footaction | 3 | 6 | 3 | 6 | ||||||||||||||||
6,366 | 9,849 | 6,307 | 9,709 | |||||||||||||||||
EMEA (1) | 1,215 | 2,465 | 1,153 | 2,360 | ||||||||||||||||
Foot Locker Pacific | 244 | 369 | 256 | 384 | ||||||||||||||||
Foot Locker Asia | 52 | 98 | 鈥� | 鈥� | ||||||||||||||||
atmos | 28 | 47 | 28 | 47 | ||||||||||||||||
324 | 514 | 284 | 431 | |||||||||||||||||
Total | 7,905 | 12,828 | 7,744 | 12,500 | ||||||||||||||||
(1)听 Includes 7 and 6听Kids Foot Locker stores, and the related square footage, operating in |
听
Contacts: | Kate Fitzsimons Investor Relations
Joele Frank, Wilkinson Brimmer Katcher |
听
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SOURCE Foot Locker IR
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