07:25 AM EST, 03/06/2024 (MT Newswires) -- Foot Locker ( FL ) reported fiscal Q4 adjusted earnings Wednesday of $0.38 per diluted share, down from $0.97 a year earlier.

Analysts polled by Capital IQ expected $0.32.

Revenue for the quarter ended Feb. 3 was $2.38 billion, up from $2.34 billion a year earlier.

Analysts surveyed by Capital IQ expected $2.28 billion.

The retailer's comparable sales fell 0.7%. Analysts polled by Capital IQ expected a 7.4% decline.

Foot Locker ( FL ) said it expects fiscal 2024 adjusted earnings of $1.50 to $1.70 per diluted share. Analysts surveyed by Capital IQ expect $1.95.

Sales for the fiscal year are expected to range from a decline of 1% to a gain of 1%. The company said it expects fiscal 2024 comparable sales to grow 1% to 3%. Analysts surveyed by Capital IQ expect a growth of 0.6%.

The company said it views 2024 as a "cash rebuilding year" and that it is "not resuming a dividend at this time."

Foot Locker ( FL ) shares were down more than 8% in premarket trading.

Price: 31.6, Change: -2.71, Percent Change: -7.9