Foot Locker’s sales fell 1.4 per cent YoY to $1,958 million in Q3 FY24, but comparable sales rose 2.4 per cent.
Gross margin grew 230 bps, while SG&A costs rose 210 bps. Q3 net loss was $33 million vs net income of $28 million in FY23.
YTD revenue dropped to $5,740 million; net loss was $37 million.
FY24 sales are expected to decline 1.5%-1.0%, with revised non-GAAP EPS at $1.20-$1.30.
Gross margin grew 230 bps, while SG&A costs rose 210 bps. Q3 net loss was $33 million vs net income of $28 million in FY23.
YTD revenue dropped to $5,740 million; net loss was $37 million.
FY24 sales are expected to decline 1.5%-1.0%, with revised non-GAAP EPS at $1.20-$1.30.
