Foot Locker | 8-K: FY2026 Q2 Revenue Misses Estimate at USD 1.857 B

Revenue: As of FY2026 Q2, the actual value is USD 1.857 B, missing the estimate of USD 1.868 B.

EPS: As of FY2026 Q2, the actual value is USD -0.39, missing the estimate of USD 0.1608.

EBIT: As of FY2026 Q2, the actual value is USD -30 M.

Segment Revenue

• Total sales for the second quarter of 2025 were $1,851 million, a decrease of 2.4% from $1,896 million in the second quarter of 2024. Excluding foreign exchange rate fluctuations, total sales decreased by 3.7%.
• North American comparable sales increased by 1.4%, while comparable sales in Europe and Asia Pacific decreased by 10.3%.

Operational Metrics

• Gross margin decreased by 50 basis points compared to the prior-year period, with merchandise margins also decreasing by 50 basis points.
• SG&A as a percentage of sales increased by 20 basis points, although SG&A dollars decreased by 1.7% due to expense discipline and cost optimization.
• Net loss for the second quarter was $38 million, compared to a net loss of $12 million in the prior-year period. On a non-GAAP basis, net loss was $27 million, compared to $4 million in the prior-year period.

Cash Flow

• Net cash provided by operating activities was $2 million for the twenty-six weeks ended August 2, 2025, compared to $126 million for the same period in 2024.

Unique Metrics

• Merchandise inventories were $1,709 million, 3.7% higher than the previous year, primarily due to a strategic pull-forward of fall product and foreign exchange fluctuations.

Outlook / Guidance

• Foot Locker, Inc. will not be providing or updating financial guidance due to the pending acquisition by DICK’S Sporting Goods, which is expected to close on September 8, 2025.