The Troubles at Foot Locker

Over the past few years, I’ve been heavily tempted to add Foot Locker (FL) to our Buy List. However, each time I got close, I couldn’t pull the trigger. I’m glad I couldn’t because it’s been an awful stock. The shares are down another 15% on today’s earnings.

Here’s the earnings-per-share for the last several years:

$1.82
$2.56
$2.87
$3.58
$4.29
$4.82
$4.11
$4.51 (est)

For any investor, that’s a scary line because it shows a nice smooth upward trend that suddenly got snapped. The shares are currently below $40. If the estimates for 2018 are correct, then FL is a good bargain. But I strongly doubt that forecast is correct. Their same-store sales fell 3.7% last quarter.

Posted by on March 2nd, 2018 at 1:01 pm


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.