Company Earnings Update 3 minutesRegister for Free AccessFoot Locker (FL) 4Q17 Results: Misses on Comps, Guides for Flat–Low-Single-Digit Comps in 2018 Coresight Research March 5, 2018 Executive Summary Foot Locker reported 4Q17 adjusted EPS of $1.26, below the $1.37 year-ago figure and above the $1.25 consensus estimate. Revenues were $2.21 billion, up 4.6% year over year and slightly below the $2.22 billion consensus estimate. Comps declined by 3.7%, missing the consensus estimate of a2.4% decline. The company guided for flat–low-single-digit comp growth in FY18, versus the consensus estimate of 1.0%. The company expects its gross margin to recover from the 2017 level and for SG&A to rise by one percentage point. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Generative AI Latest: Key Announcements from AWS re:Invent 2023The High-Tech High End: Solutions Elevating Supply Chain and Operations in Luxury RetailingWeekly US and UK Store Openings and Closures Tracker 2024, Week 32: Announced US Store Closures Outpace Openings for the First Time This YearEarnings Insights 1Q23, Week 2: Colgate-Palmolive, CVS, Floor & Decor, L’Oréal and Sprouts Farmers Market Post Strong Results; Carter’s, Estée Lauder, Hanesbrands and Wayfair Sales Decline
