09:20 AM EDT, 05/30/2024 (MT Newswires) -- (Corrects Capital IQ analysts' revenue estimate in the fourth paragraph.)

Foot Locker ( FL ) reported fiscal Q1 adjusted earnings Thursday of $0.22 per diluted share, down from $0.70 a year earlier.

Analysts polled by Capital IQ expected $0.12.

Revenue for the fiscal quarter ended May 4 was $1.88 billion, down from $1.93 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.88 billion.

For fiscal 2024, the shoe and apparel retailer reiterated its previous guidance of non-GAAP EPS of $1.50 to 1.70 on sales change of -1% to 1% compared with a year earlier. Analysts polled by Capital IQ expect normalized earnings of $1.52 on revenue of $8.12 billion.

Foot Locker ( FL ) shares were up 12% in recent Thursday premarket activity.

Price: 25.80, Change: +3.28, Percent Change: +14.56