Foot Locker (NYSE:FL) Updates FY26 Earnings Guidance

Foot Locker (NYSE:FL) updated its FY26 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.35-1.65 for the period, compared to the consensus 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on FL shares. Piper Sandler reduced their target price on shares of Foot Locker from $30.00 to $28.00 and set a “neutral” rating on the stock in a report on Monday, December 2nd. Morgan Stanley decreased their target price on Foot Locker from $17.00 to $16.00 and set an “underweight” rating for the company in a report on Friday, December 6th. Needham & Company LLC reissued a “buy” rating and set a $24.00 target price on shares of Foot Locker in a research note on Wednesday. UBS Group reduced their price target on Foot Locker from $26.00 to $22.00 and set a “neutral” rating on the stock in a research report on Thursday, December 5th. Finally, The Goldman Sachs Group lowered their price objective on Foot Locker from $25.00 to $22.00 and set a “sell” rating for the company in a research report on Thursday, December 5th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Foot Locker currently has a consensus rating of “Hold” and an average target price of $23.94.

Foot Locker Stock Performance

Shares of FL stock opened at $18.25 on Thursday. The stock’s 50-day moving average is $19.91 and its two-hundred day moving average is $23.33. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.45 and a current ratio of 1.67. Foot Locker has a 1 year low of $16.92 and a 1 year high of $33.94. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of -4.05, a PEG ratio of 0.53 and a beta of 1.55.

Foot Locker (NYSE:FL) last released its quarterly earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.13. Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. The firm had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter last year, the business posted $0.38 EPS. The firm’s quarterly revenue was down 5.7% compared to the same quarter last year. Analysts predict that Foot Locker will post 1.23 earnings per share for the current year.

Foot Locker Company Profile

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.