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Foot Locker, Inc.'s (FL) CEO Dick Johnson on Q4 2020 Results - Earnings Call Transcript

Feb. 26, 2021 2:57 PM ETFoot Locker, Inc. (FL)
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Foot Locker, Inc. (NYSE:FL) Q4 2020 Earnings Conference Call February 26, 2021 9:00 AM ET

Company Representatives

Dick Johnson - Chairman and Chief Executive Officer

Andy Gray - Executive Vice President, Chief Commercial Officer

Lauren Peters - Executive Vice President, Chief Financial Officer

Jim Lance - Vice President, Corporate Finance, Investor Relations

Conference Call Participants

John Kernan - Cowen

Jonathan Komp - Baird

Paul Lejuez - Citi

Susan Anderson - B Riley Securities

Omar Saad - Evercore

Robby Ohmes - Bank of America Merrill Lynch


Good morning, ladies and gentlemen, and welcome to Foot Locker’s Fourth 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 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 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 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.

I will now turn the call over to Jim Lance, Vice President, Corporate Finance and Investor Relations.

Mr. Lance, you may begin.

James Lance

Thanks, operator. Welcome everyone to Foot Locker, Inc.’s Fourth Quarter Earnings Conference Call.

As described in today’s earnings release, we reported fourth quarter net income of $123 million compared to net income of $134 million for the fourth quarter of last year. On a per share

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