Foot Locker backs FY24 EPS view $1.50-$1.70, consensus $1.57

Backs FY24 revenue view down 1% to up 1%, consensus $8.12B. Backs FY24 comparable sales view up 1%-3%. Sees FY24 capital expenditures $345M. The company said, “The full-year Non-GAAP EPS guidance of $1.50-$1.70 includes an approximate $0.10 non-recurring charge in the second quarter of 2024 from the anticipated rollout to the rest of North America of the Company’s enhanced FLX loyalty program. This charge is anticipated as loyalty points will be converted into additional benefits for the Company’s customers.”