Foot Locker, Inc. reports a 2.4% decrease in total sales and a 2.0% decrease in comparable sales for the second quarter of 2025.
North American comparable sales show a 1.4% increase, with positive performances from Foot Locker, Kids Foot Locker, and Champs Sports banners.
Despite challenges in the operating environment, Foot Locker continues its store modernization efforts and launched the enhanced FLX Rewards Program in Europe.
Total Sales Performance
Total sales declined by 2.4% year-over-year, totaling $1,851 million for the second quarter.
Comparable Sales Growth
North American comparable sales increased by 1.4%, with positive results from Foot Locker, Kids Foot Locker, and Champs Sports banners.
Earnings Per Share
GAAP EPS loss of $0.39 and Non-GAAP EPS loss of $0.27 were reported for the second quarter.
- The second quarter marked a challenging operational environment with soft store traffic trends, particularly in the WSS and international businesses.
- Despite the sales decline, positive North American comparable sales growth was a bright spot, led by specific banners within Foot Locker, Inc.
- The received shareholder approval for the acquisition by DICK'S Sporting Goods is a significant corporate development.
Foot Locker, Inc. faces challenges amid a tough operating environment but shows positive signs with improvements in North American comparable sales. The company's ongoing efforts in store modernization and customer experience enhancements indicate resilience in a competitive market.