Foot Locker Q1 Adj. EPS $0.22 vs $0.12 Est., Total Revenue $1.879B vs $1.88B Est.
Portfolio Pulse from Benzinga Newsdesk
Foot Locker reported its Q1 adjusted EPS at $0.22, beating the estimate of $0.12. However, its total revenue was slightly below expectations at $1.879 billion compared to the estimated $1.88 billion.
May 30, 2024 | 10:47 am
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Foot Locker's Q1 adjusted EPS of $0.22 beat the estimate of $0.12, indicating better-than-expected profitability. However, total revenue was slightly below expectations at $1.879 billion versus the estimated $1.88 billion.
The significant beat on EPS suggests strong profitability, which is a positive indicator for investors. The slight miss on revenue is less concerning given the substantial EPS beat.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100