Foot Locker Q1 sales decline; CEO flags challenging macro trends
Foot Locker reported preliminary Q1 2025 results with a 2.6 per cent drop in comparable sales YoY, including a 0.5 per cent decline in North America. The company expects a net loss of $363 million versus $8 million profit last year. On a non-GAAP basis, net loss is projected at $6 million. CEO Dillon cited weak global traffic, but highlighted continued discipline in promotions, inventory, and expenses.
Foot Locker reported preliminary Q1 2025 results with a 2.6 per cent drop in comparable sales YoY, including a 0.5 per cent decline in North America.
The company expects a net loss of $363 million versus $8 million profit last year.
On a non-GAAP basis, net loss is projected at $6 million.
CEO Dillon cited weak global traffic, but highlighted continued discipline in promotions, inventory, and expenses.
