Foot Locker, Inc. (NYSE: FL), a number one footwear and attire retailer, reported a wider web loss for the second quarter of fiscal 2025, reflecting a year-over-year lower in gross sales.
- Second-quarter gross sales decreased 2.4% to $1.85 billion from $1.90 billion in Q2 of 2024
- Excluding the impact of overseas trade fee fluctuations, gross sales decreased 3.7% in the course of the three months
- Q2 comparable gross sales declined 2.0% YoY; comparable gross sales in North America generated a comparable enhance of 1.4%
- The corporate reported a web lack of $38 million for the July quarter, in comparison with a lack of $12 million within the prior-year interval
- On a per-share foundation, the second-quarter loss was $0.39, vs. a loss per share of $0.13 within the year-ago quarter
- On an adjusted foundation, web loss widened to $27 million in Q2 from $4 million within the corresponding prior-year interval
- On a per-share foundation, adjusted loss widened to $0.27 from $0.05 within the comparable quarter of fiscal 2024
- Throughout the quarter, Foot Locker opened 2 new shops and closed 11 shops; it additionally reworked or relocated 14 shops and refreshed 52 shops to its up to date design requirements
