×
35
Fashion Jobs
L'OREAL GROUP
Key Account Executive - Drugstore Channel
Permanent · Ho Chi Minh City
PHV
Manager, Quality Assurance – Process Engineer
Permanent · Ho Chi Minh City
PHV
Manager, Merchandising
Permanent · Ho Chi Minh City
L'OREAL GROUP
Online Brand Manager - Vichy & la Roche Posay
Permanent · Ho Chi Minh City
L'OREAL GROUP
Social Manager - Consumer Product Division
Permanent · HO CHI MINH CITY
CROCS
[Heydude] [Footwear] Commercialization & Engineering Manager (North, Central, South Vietnam)
Permanent · NORTH CENTRAL COAST
CROCS
[Footwear] (sr.)Restricted Substance & Testing Engineer
Permanent ·
TAPESTRY
Director, Material Sourcing - Hardware
Permanent · Ho Chi Minh City
ADIDAS
Intern, Materials Operations Apparel
Internship · HO CHI MINH CITY
ADIDAS
Intern, Supply Planning Footwear
Internship · HO CHI MINH CITY
ADIDAS
Intern, Manufacturing Excellence Footwear
Internship · HO CHI MINH CITY
ADIDAS
Intern, Quality Footwear
Internship · HO CHI MINH CITY
ADIDAS
Intern, Manufacturing Excellence Apparel
Internship · HO CHI MINH CITY
ADIDAS
Intern, Development Apparel
Internship · HO CHI MINH CITY
ADIDAS
Associate, Brand Communication & Sport Marketing (Pooling)
Permanent · HO CHI MINH CITY
COLUMBIA SPORTSWEAR COMPANY
Senior cr Specialist
Permanent ·
PUMA
Engineer Manufacturing Development & Quality Assur…
Permanent · Ho Chi Minh City
PHV
Senior Order Management Analyst
Permanent · Ho Chi Minh City
COLUMBIA SPORTSWEAR COMPANY
Senior Merchandiser - Apparel (Outerwear And Sportwear)
Permanent ·
COLUMBIA SPORTSWEAR COMPANY
Temp Accountant
Fixed-term ·
ADIDAS
Senior Footwear Designer
Permanent · HO CHI MINH CITY
ESTÉE LAUDER
Execution Demand Planning Executive
Permanent · Ho Chi Minh City
Published
Nov 21, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Foot Locker earnings, sales exceed expectations; updates 2022 guidance

Published
Nov 21, 2022

Foot Locker announced on Friday that revenues and earnings for the third quarter exceeded expectations, despite a "tough environment" that saw its sale and profits decline during the three months ending October 29. 


Foot Locker


The U.S. specialty footwear retailer said total sales during the quarter decreased by 0.7%, to $2.17 billion, compared with sales of $2.19 billion in the third quarter of 2021. Excluding the effect of foreign exchange rate fluctuations, total sales for the third quarter increased by 3.3%, said the New York-based company.

Comparable-store sales increased by 0.8% against record sales levels last year, driven by strong demand, brand diversification efforts, and improved access to high-quality inventory.

Meanwhile, net income fell to $96 million, or $1.01 per share, for the 13-week period, compared with $158 million, or $1.52 per share, for the corresponding prior-year period.

"Foot Locker's solid third quarter results in the midst of ongoing macroeconomic challenges are a testament to the strengths of this organization that I am honored to now be leading," said Mary Dillon, president and chief executive officer.

"Despite the tough environment, our expanding customer base remained resilient, and I'm proud that our team delivered sales above our expectations, thanks to their exceptional execution. I see tremendous opportunity to further leverage the power of our brand equity and our incredible field team to drive our growth in this exciting category."

Looking ahead, Foot Locker said it has lifted its full-year guidance, "following better-than-expected results for the third quarter and strong momentum coming out of the quarter," said ​Andrew Page, executive vice president and chief financial officer.

"While the macroeconomic environment remains uncertain, our demand trends, and inventory position in high-quality product gives us confidence we can achieve our new range, while also remaining flexible to manage through ongoing volatility," added Page.

Foot Locker now expects full-year sales to drop 4% to 5%, compared to a drop of 6% to 7%. 

Copyright © 2023 FashionNetwork.com All rights reserved.