Foot Locker, Inc.NYSE
Mon, Nov. 28, 8:33 AM
- Black Friday weekend channel checks from investment firms are still pouring in. A few tidbits are posted below.
- Wells Fargo: Lululemon (NASDAQ:LULU) was a traffic outperformer, while Calvin Klein (NYSE:PVH) and Carter's (NYSE:CRI) held the line on pricing amid a promotional atmosphere.
- Wedbush: High-profile video games were discounted more than last year. Keep an eye out on GameStop (NYSE:GME), Activision Blizzard (NASDAQ:ATVI), Take-Two (NASDAQ:TTWO) and Electronic Arts (NASDAQ:EA).
- Fung Global Retail & Technology: Shoes (FL, FINL) were identified as a hot seller, while jewelry (NYSE:SIG) sales were down.
- Jefferies: Unexpected strength for the UGG brand (NASDAQ:DECK) and Gap was observed. Demand for Michael Kors (NYSE:KORS) and Coach (NYSE:COH) handbags appeared soft.
- Previously: Black Friday wrap: Records fall, retail winners and losers (Nov. 25)
- Source: Bloomberg.
Fri, Nov. 25, 9:07 AM
- Channel checks from Piper Jaffray indicate most of the consumer action last night was focused on toys, electronics and beauty. The first two categories are business as usual for the shopping event, but strong traffic at beauty stores could be an extra boost for Ulta Salon (NASDAQ:ULTA), Sally Beauty Holdings (NYSE:SBH) and e.l.f. Beauty (NYSE:ELF).
- The investment firm also cited solid demand for smartwatches at Fossil (NASDAQ:FOSL) and Michael Kors (NYSE:KORS) stores, while also calling footwear traffic (NKE, UA, FL, FINL, DECK) and conversion rates encouraging.
- Source: Bloomberg
Fri, Nov. 18, 7:06 AM
- Foot Locker (NYSE:FL) reports comparable-store sales rose 4.7% in Q3.
- Excluding the effect of foreign currency fluctuations, sales increased 5.5% for the period.
- Gross margin rate grew 10 bps to 33.9%.
- SG&A expense rate improved 20 bps to 19.4%.
- Merchandise inventories +1.9% $1.36B.
- Store count -38 Y/Y to 3,394.
- FL -1.89% premarket.
Fri, Nov. 18, 6:48 AM
Thu, Nov. 17, 5:30 PM
Wed, Nov. 16, 4:39 PM
Tue, Nov. 15, 12:34 PM
- Sporting goods chains Hibbett Sports (HIBB -4.6%), Foot Locker (FL -1.4%), Finish Line (FINL -2.4%) and Big 5 Sporting Goods (BGFV -3.1%) are all lower after Dick's issued weak profit guidance this morning.
- The decline of the sporting goods sector also coincides with a generally weak day in retail, with the S&P Retail ETF (NYSEARCA:XRT) down 1.37% at last check. The retail sales report for October came in just fine this morning, but traders think the post-election sector rally may have jumped ahead of itself.
- Previously: Weak guidance sends Dick's Sporting Goods lower (Nov. 15)
Tue, Oct. 25, 2:40 PM
- Though Foot Locker (FL -1.7%) and Finish Line (FINL -2.3%) are lower after Under Armour clipped some of its longer-term growth estimates, the Citi team doesn't think investors should sweat.
- "We see positive reads for athletic specialty retailers based on UA’s reiterated revenue targets (indicating strong continued demand & pipeline) and accelerated investments to support the brand & product development ahead," reads the note from the investment firm.
- If Citi is correct, the sell-off in Dick's Sporting Goods (DKS -4.5%), Sportsman's Warehouse (SPWH -3.2%) and Big Five Sporting Goods (BGFV -2.4%) may also be overdone.
- Previously: Under Armour under siege as investors reset expectations (Oct. 25)
Fri, Oct. 21, 10:15 AM
- Data from NPD Group indicates that total U.S. footwear sales fell 5% Y/Y in September to $2.4B.
- Sales for women's footwear were down 7% during the month, with the fashion footwear category showing the most weakness. Warmer weather may have delayed some boot buying.
- Coupled with a weak earnings report from Skechers (SKX -17.7%), the broad footwear sector is tracking lower.
- Notable decliners include Rocky Brands (RCKY -3.7%), Weyco Group (WEYS -2.2%), Crocs (CROX -2%), Stephen Madden (SHOO -2.2%), Foot Locker (FL -1.2%), Finish Line (FINL -2.1%), Boot Barn (BOOT -3%), Shoe Carnival (SCVL -0.7%), DSW (DSW -1.5%), and Deckers Outdoor (DECK -3.9%).
- Previously: Skechers skids after earnings disappoint (Oct. 20)
Mon, Aug. 22, 11:11 AM
- Citi analysts Kate McShane picks Foot Locker (FL -0.6%) as a top pick in the retail sector.
- McShane thinks that athletic apparel demand is "intact" amid an overall challenging shopping environment. She bumps up the price target on Foot Locker to $79.
- Shares of Foot Locker roared higher last Friday after the company's Q2 sales impressed.
- Previously: Footwear stocks lifted by millennial demand (Aug. 19)
Fri, Aug. 19, 12:01 PM
Fri, Aug. 19, 11:14 AM
- Foot Locker (FL +10%) rips higher after posting strong sales growth. The company cited strength in basketball, running, and classic footwear during the quarter.
- Under Armour (NYSE:UA) is up 1.6% and Nike (NYSE:NKE) is 2.7% higher off the strong read on athletic shoe sales.
- Other notable gainers include Skechers (SKX +1%), Wolverine World Wide (WWW +3.4%), Rocky Brands (RCKY +1.5%), Steven Madden (SHOO +1.4%), Caleres (CAL +1%), and Crocs (CROX +1%) -- all ahead of broad market averages.
- An underlying theme continuing to emerge in the shoe sector is that discretionary spending by millennials on the category is stronger than what is being seen in other areas of retail. Also of note, the millennial group has shown loyalty to power brands.
- Previously: Foot Locker beats by $0.04, beats on revenue (Aug. 19)
- Previously: Foot Locker higher on earnings beat and positive comp (Aug. 19)
Fri, Aug. 19, 7:06 AM
- Foot Locker (NYSE:FL) reports comparable-store sales rose 4.7% in Q2.
- Excluding the effect of foreign currency fluctuations, sales grew 5.4% for the period.
- Gross margin rate improved 40 bps to 33%.
- SG&A expense rate up 20 bps to 19.7%.
- Merchandise inventories +1.7% $1.34B.
- Store count -18 Y/Y to 3,401.
- FL +3.76% premarket.
Fri, Aug. 19, 6:48 AM
Thu, Aug. 18, 5:30 PM
Wed, Aug. 17, 4:21 PM