Foot Locker, Inc. has recently released its 10-Q report, providing a detailed look into its financial condition and operations. The company operates as a footwear and apparel retailer globally, with a brand portfolio including Foot Locker, Kids Foot Locker, Champs Sports, WSS, and atmos. Foot Locker, Inc. operates through physical stores, e-commerce sites, and mobile apps.
The company has entered into an agreement and plan of merger with DICK'S Sporting Goods, Inc., which received shareholder approval and all required regulatory approvals to complete the transaction. The transaction is expected to close on September 8, 2025.
As of August 2, 2025, Foot Locker, Inc. operated 2,354 stores, and a total of 243 licensed stores were operating in the Middle East, Asia, and Europe. The company transitioned its operations in Greece and Romania to its licensing partner during the first quarter of 2025.
In terms of financial performance, for the thirteen weeks ended August 2, 2025, total sales decreased by $45 million, or 2.4%, to $1,851 million, compared to the corresponding prior-year period. For the twenty-six weeks ended August 2, 2025, total sales decreased by $131 million, or 3.5%, to $3,639 million. Excluding the effect of foreign currency fluctuations, total sales decreased by $70 million, or 3.7% for the thirteen weeks ended August 2, 2025, and decreased by $154 million, or 4.1% for the twenty-six weeks ended August 2, 2025. Comparable sales for the combined channels decreased by 2.0% and 2.3% for the thirteen and twenty-six weeks ended August 2, 2025, respectively.
The company also reported non-GAAP financial measures, including sales changes excluding foreign currency fluctuations, adjusted income before income taxes, adjusted net income, and adjusted diluted earnings per share, to provide a more direct comparison of its performance across reporting periods on a consistent basis by excluding items that are not indicative of its core business or affect comparability.
Foot Locker, Inc. has three operating segments: North America, EMEA, and Asia Pacific. The company reported segment sales metrics, and for both the quarter and year-to-date periods, comparable sales decreased within the stores channel due to ongoing macroeconomic headwinds, declines in consumer discretionary spending, and lower demand for key basketball footwear styles. However, there was an increase within the direct-to-customers channel due to improved digital product launches and investments in technology that enhanced the overall online customer experience.
As a result of these announcements, the company's shares have moved -2.41% on the market, and are now trading at a price of $24.105. For the full picture, make sure to review FOOT LOCKER, INC.'s 10-Q report.
