Foot Locker, Inc. (FL) CEO Dick Johnson on Q1 2020 Results - Earnings Call Transcript

Foot Locker, Inc. (NYSE:FL) Q1 2020 Earnings Conference Call May 22, 2020 9:00 AM ET

Company Participants

Jim Lance - Vice President, Corporate Finance and Investor Relations
Dick Johnson - Chairman and Chief Executive Officer
Elizabeth Norberg - Senior Vice President and Chief Human Resources Officer
Lauren Peters - Executive Vice President and Chief Financial Officer

Conference Call Participants

Tom Nikic - Wells Fargo
Matt McClintock - Raymond James
Erinn Murphy - Piper Sandler
Chris Svezia - Wedbush
Michael Binetti - Credit Suisse
Susan Anderson - B. Riley

Operator

Good morning, ladies and gentlemen and welcome to Foot Locker’s First Quarter 2020 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 impact of COVID-19, effects of currency fluctuations, customer preferences, economic and market conditions worldwide and other risks and uncertainties described more fully in the company’s press release and in reports filed with the SEC, including the most recently filed Form 10-K and 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 call is being recorded.

I will now turn the call over to your host for today, Jim Lance, Vice President of Corporate Finance and Investor Relations. Mr. Lance, you may begin.

Jim Lance

Thanks, operator. Welcome everyone to Foot Locker, Inc.’s first quarter earnings conference call. As reported in today’s earnings release, the company reported a first quarter net loss of $98 million compared to net income of $172 million for the first quarter