Foot Locker, Inc. (FL) CEO Richard Johnson on Q2 2019 Results - Earnings Call Transcript

Foot Locker, Inc. (NYSE:FL) Q2 2019 Earnings Conference Call August 23, 2019 9:00 AM ET

Company Participants

Jim Lance - VP, Corporate Finance & IR
Lauren Peters - EVP and CFO
Richard Johnson - Chairman, President, and CEO

Conference Call Participants

Tom Nikic - Wells Fargo
Paul Trussell - Deutsche Bank
Christopher Svezia - Wedbush Securities
Michael Binetti - Credit Suisse
Janine Stichter - Jefferies & Company
Bob Drbul - Guggenheim
John Kernan - Cowen and Company
Susan Anderson - B. Riley FBR

Operator

Good morning, ladies and gentlemen, and welcome to Foot Locker's Second Quarter 2019 Financial Results Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. This conference call may contain forward-looking statements that reflect management's current views of future events and financial performance. Management undertakes no obligation to update these forward-looking statements which are based on many assumptions and factors, including the effects of currency fluctuations, customer preferences, economic and market conditions worldwide, and other risks and uncertainties described more fully in the company's press releases and in reports filed with the SEC, including the most recently filed Form 10-K or Form 10-Q. Any changes in such assumptions or factors could produce significantly different results, and actual results may differ materially from those contained in the forward-looking statements. Please note, that this conference is being recorded.

And at this time I would like to turn the conference call over to Jim Lance, Vice President, Corporate Finance and Investor Relations. Mr. Lance, you may begin.

Jim Lance

Thank you. Welcome everyone to Foot Locker, Inc.'s second quarter earnings conference call. As announced in this morning's press release, the company reported net income of $60 million in the second quarter compared to net income of $88 million in the second quarter of last year. Earnings per