Foot Locker, Inc. (NYSE: FL) Wednesday reported a decline in revenue for the primary three months of fiscal 2024 when revenues decreased 3% year-over-year.
Revenues of the specialty athletic retailer decreased 3% yearly to $1.87 billion within the first quarter. Excluding the impact of international change fee fluctuations, gross sales dropped 2.4%. Comparable-store gross sales have been down 1.8%.
The corporate reported internet earnings of $8 million or $0.09 per share for the April quarter, on a reported foundation, in comparison with $36 million or $0.38 per share within the corresponding prior-year interval. On an adjusted foundation, earnings declined sharply to $0.22 per share in Q1 from $0.70 per share final yr.
