Yahoo Finance How Did Foot Locker’s 1Q16 Earnings Turn Out?
Friday’s Consumer Pops and Drops: FL, CPB, AVY, PF, and HAR
Price movement of Foot Locker
Foot Locker (FL) has a market cap of $7.7 billion. It fell by 6.5% to close at $54.77 per share on May 20, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -4.7%, -9.4%, and -15.1%, respectively, as of the same day. This means that FL is trading 9.1% below its 20-day moving average, 11.6% below its 50-day moving average, and 16.6% below its 200-day moving average.
Related ETFs and peers
The Vanguard S&P Mid-Cap 400 Growth ETF (IVOG) invests 1.1% of its holdings in Foot Locker. The ETF tracks a market-cap-weighted index of growth companies culled from the S&P 400. The YTD price movement of IVOG was 2.3% as of May 20, 2016.
The Vanguard Small-Cap ETF (VB) invests 0.15% of its holdings in Foot Locker. The ETF tracks the CRSP US Small Cap Index. The market-cap-weighted index includes the bottom 2%–15% of the investable universe.
The market caps of Foot Locker’s competitors are as follows:
Walmart (WMT): $225.7 billion
DSW (DSW): $1.8 billion
Performance of Foot Locker in fiscal 1Q16
Foot Locker reported fiscal 1Q16 sales of $1,987.0 million, a rise of 3.7% compared to sales of $1,916.0 million in fiscal 1Q15.
Its net income and EPS (earnings per share) rose to $191.0 million and $1.39, respectively, in fiscal 1Q16 compared to $184.0 million and $1.29, respectively, in fiscal 1Q15.
Foot Locker’s cash and cash equivalents and merchandise inventories rose by 7.7% and 2.1%, respectively, in fiscal 1Q16 compared to the prior-year period. Its current ratio rose to 4.5x, and its debt-to-equity ratio fell to 0.40x in fiscal 1Q16, compared to a current ratio and a debt-to-equity ratio of 3.6x and 0.42x, respectively, in fiscal 1Q15.
During fiscal 1Q16, the company repurchased 1.4 million shares worth ~$88 million. It also opened 32 new stores, remodeled/relocated 55 stores, and closed 19 stores.
Now let’s take a look at Campbell Soup Company (CPB).
Browse this series on Market Realist:
