Recap: Foot Locker Q2 Earnings

Foot Locker FL reported its Q2 earnings results on Friday, August 19, 2022 at 06:45 AM.

Here's what investors need to know about the announcement.

Foot Locker beat estimated earnings by 37.5%, reporting an EPS of $1.1 versus an estimate of $0.8.

Revenue was down $210.00 million from the same period last year.

Last quarter the company beat on EPS by $0.05 which was followed by a 4.09% increase in the share price the next day.

Here's a look at Foot Locker's past performance:

Quarter	Q1 2022	Q4 2021	Q3 2021	Q2 2021
EPS Estimate	1.55	1.44	1.37	1
EPS Actual	1.60	1.67	1.93	2.21
Revenue Estimate	2.20B	2.33B	2.12B	2.09B
Revenue Actual	2.17B	2.34B	2.19B	2.27B

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Foot Locker management provided guidance for FY 2022, expecting earnings between $4.25 and $4.45 per share.

To track all earnings releases for Foot Locker visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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