Non-GAAP EPS decreased to $0.97 per share compared with EPS of $1.46 in the fourth quarter of fiscal 2021.Īt quarter-end, the Company's cash and cash equivalents totaled $536 million, while debt on its balance sheet was $452 million.

EPS decreased to $0.20 per share, versus $1.02 in the fourth quarter of fiscal 2021.

Non-GAAP net income decreased to $92 million from $148 million in the fourth quarter of fiscal 2021.

Net income decreased to $19 million as compared with $103 million in the fourth quarter of fiscal 2021.

SG&A decreased by 10 basis points as a percentage of sales compared with the prior year, with savings from the cost optimization program, offset by inflation.

Gross margin declined by 290 basis points compared with the prior-year period, driven mainly by higher markdowns on increased promotional activity across the industry.

Please refer to the Sales by Banner table below for detailed sales performance by banner and region Excluding the effect of foreign exchange rate fluctuations, total sales for the fourth quarter increased by 3.6%.

Total sales decreased by 0.3%, to $2,334 million, compared with sales of $2,341 million in the fourth quarter of 2021.

Comparable-store sales grew by 4.2%, driven by increased traffic and improved access to high-quality inventory, resulting in broad-based strength across brands and regions.

We are incredibly excited to introduce our 'Lace Up' plan with a new set of strategic imperatives and financial objectives that are designed to set us up for success for the next 50 years.' Dillon continued, 'We are proud of Foot Locker's role in influencing and serving the global sneaker community, and next year, we will celebrate the 50 th anniversary of the iconic Foot Locker brand.

'We are entering 2023 with a focus on resetting the business – simplifying our operations and investing in our core banners and capabilities to position the Company for growth in 2024 and beyond.' 'Our team delivered a great finish to the year with strong fourth quarter results that capitalized on resilient Holiday demand and a compelling assortment and inventory position from our brand partners,' said Mary Dillon, President and Chief Executive Officer. Eastern Time where it will review these results and outline a new long-term growth strategy. The Company will host an Investor Day starting at 8:30 a.m. (NYSE: FL), the New York-based specialty athletic retailer, today reported financial results for its fourth quarter and fiscal year ended January 28, 2023.

NEW YORK, Ma/PRNewswire/ - Foot Locker, Inc. Beyond 2023, new strategies to drive low- to mid-twenties adjusted EPS growth.Reset year in 2023 expected to result in Non-GAAP EPS of $3.35- $3.65.Launching new 'Lace Up' strategy with updated financial targets.Fourth quarter EPS of $0.20 and Non-GAAP EPS of $0.97.Total sales decreased by 0.3% Comparable-store sales increased 4.2%.

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