Foot Locker Stock Hits $28.46 in 2025 After Q1 Profit Beats Expectations
Foot Locker's shares surged over 26% in 2025 following a strong Q1 profit report, highlighting successful turnaround strategies and optimistic future outlook.
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Highlights
- Foot Locker's stock soared 26% after reporting impressive Q1 results, signaling effective turnaround efforts.
- The athletic footwear and apparel retailer surpassed profit estimates with stronger-than-expected comparable store sales.
- CEO Mary Dillon emphasized disciplined cost management and favorable expense timing as key drivers.
Shares of Foot Locker (FL) jumped significantly in 2024 as the company's first-quarter earnings demonstrated that its revitalization strategy is taking hold.
The company reported adjusted earnings per share (EPS) of $0.22 for Q1, nearly doubling analysts' consensus from Visible Alpha. Revenue slightly declined by 2.8% to $1.88 billion but remained in line with projections.
While comparable store sales decreased by 1.8%, mainly due to ongoing repositioning of the Champs Sports brand, Foot Locker and Kids Foot Locker experienced a 1.1% increase in comparable sales.
Breaking down sales figures, Foot Locker’s own sales rose 2% to $759 million, Kids Foot Locker surged 9.6% to $183 million, and WSS climbed 6.7% to $160 million. In contrast, Champs Sports sales dropped 18.6% to $267 million.
CEO Mary Dillon Confirms 'Lace Up Plan' Driving Growth
CEO Mary Dillon attributed the strong financial performance to the company’s “Lace Up Plan,” a comprehensive operational overhaul. She highlighted disciplined expense control and advantageous shifts in expense timing as key contributors.
Dillon expressed confidence entering the summer and Back-to-School seasons, noting Foot Locker is well-stocked with fresh product assortments.
The company maintained its full-year guidance, expecting adjusted EPS between $1.50 and $1.70, with comparable store sales growth projected from 1.0% to 3.0%.
As of 10:30 a.m. ET on Thursday, Foot Locker shares climbed more than 26% to $28.46, despite being nearly 10% lower year-to-date.
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