MW Foot Locker's stock gains as a profit beat is enough to offset a downbeat outlook

Shares of Foot Locker Inc. climbed 2.9% in premarket trading Wednesday, after the athletic footwear retailer beat fiscal fourth-quarter profit expectations by a wide margin and continued to see comparable sales growth, which was enough to offset a downbeat full-year outlook.

Adjusted earnings per share for the quarter to Feb. 1 more than doubled, to 86 cents from 38 cents in the same period a year ago, and topped the FactSet consensus of 72 cents. And comparable sales rose 2.6% to beat forecasts for a 2.3% rise.

For the current full fiscal year, the company expects adjusted EPS of $1.35 to $1.65, below the FactSet consensus of $1.72. Total sales are expected to be down 1% to up 0.5% from last year, while the current FactSet sales consensus of $8.23 billion implies 3% growth.

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-Tomi Kilgore

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March 05, 2025 06:57 ET (11:57 GMT)

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