Foot Locker (NYSE:FL) Updates FY26 Earnings Guidance

Foot Locker (NYSE:FL) issued an update on its FY26 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.35-1.65 for the period, compared to the consensus earnings per share estimate of $1.72. The company issued revenue guidance of (1%)-0.5% to ~$7.91-8.03, compared to the consensus revenue estimate of $8.23 billion. Foot Locker also updated its FY 2025 guidance to 1.350-1.650 EPS.

Foot Locker Stock Down 2.8 %

FL stock opened at $17.39 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.67 and a quick ratio of 0.45. Foot Locker has a 52-week low of $16.92 and a 52-week high of $34.71. The company has a 50-day moving average of $19.98 and a two-hundred day moving average of $23.37. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of -3.85, a price-to-earnings-growth ratio of 0.53 and a beta of 1.48.

Foot Locker (NYSE:FL) last announced its quarterly earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.14. The firm had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.32 billion. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The company’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.38 earnings per share. As a group, equities research analysts anticipate that Foot Locker will post 1.23 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on FL shares. JPMorgan Chase & Co. dropped their target price on shares of Foot Locker from $23.00 to $20.00 and set an “underweight” rating for the company in a research report on Friday, January 24th. Barclays reduced their price objective on shares of Foot Locker from $34.00 to $29.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. Guggenheim reduced their price objective on shares of Foot Locker from $34.00 to $28.00 and set a “buy” rating for the company in a research note on Thursday, December 5th. Williams Trading upgraded shares of Foot Locker from a “sell” rating to a “hold” rating and increased their price objective for the stock from $17.00 to $21.00 in a research note on Wednesday, November 27th. Finally, UBS Group reduced their price objective on shares of Foot Locker from $26.00 to $22.00 and set a “neutral” rating for the company in a research note on Thursday, December 5th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $24.35.

About Foot Locker

Foot Locker, Inc, through its subsidiaries, operates as a footwear and apparel retailer in North America, Europe, Australia, New Zealand, Asia, and the Middle East. Its brand portfolio includes Foot Locker, a brand comprising sneakers and apparel; Kids Foot Locker, which offers athletic footwear, apparel, and accessories for children; and Champs Sports that operates as a mall-based specialty athletic footwear and apparel retailer.