Foot Locker, Inc. (FL) CEO Dick Johnson on Q4 2019 Results - Earnings Call Transcript

Foot Locker, Inc. (NYSE:FL) Q4 2019 Earnings Conference Call February 28, 2020 9:00 AM ET

Company Participants

Jim Lance - Vice President of Corporate Finance and Investor Relations
Lauren Peters - Executive Vice President and Chief Financial Officer
Dick Johnson - Chairman, President and Chief Executive Officer

Conference Call Participants

Susan Anderson - B. Riley
Michael Binetti - Credit Suisse
Janine Stichter - Jefferies
Paul Trussell - Deutsche Bank
Erinn Murphy - Piper Sandler
Chris Svezia - Wedbush
Paul Lejuez - Citi

Operator

Good morning, ladies and gentlemen, and welcome to Foot Locker's Fourth 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 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. [Operator Instructions]

I would now like to turn the conference over to Jim Lance, Vice President, Corporate Finance and Investor Relations. Mr. Lance, you may begin.

Jim Lance

Thanks, operator. Welcome everyone to Foot Locker, Inc.'s fourth quarter and full-year earnings conference call. As reported in today’s earnings release, the company reported fourth quarter net income of $141 million, compared to $158 million for the fourth quarter last year.

On a GAAP basis, this