Foot Locker Inc Stock Price, News & Analysis

DICK'S Sporting Goods (NYSE: DKS) and Foot Locker (NYSE: FL) have announced preliminary election results for their upcoming merger consideration. Based on the August 29, 2025 deadline results, 92.6% of Foot Locker shareholders elected to receive stock consideration (0.1168 DKS shares per FL share), while only 1.2% chose cash consideration ($24.00 per share).

The remaining 6.2% of shareholders who didn't make valid elections, including 4.5% of shares owned by DICK'S, will receive cash consideration. DKS-owned FL shares will be cancelled without consideration. The merger is expected to close on September 8, 2025, pending customary closing conditions.

Foot Locker (NYSE:FL) reported Q2 2025 financial results, showing mixed performance with total sales down 2.4% to $1.85 billion and comparable sales declining 2.0%. The company posted a GAAP loss of $0.39 per share and non-GAAP loss of $0.27 per share.

North American operations showed resilience with a 1.4% comparable sales increase, led by positive performance from Foot Locker, Kids Foot Locker, and Champs Sports banners. However, WSS and international businesses faced challenges, with European and Asia Pacific sales declining by 10.3%.

The company continued executing its Lace Up Plan, completing 52 store refreshes and opening 11 reimagined stores. Notably, shareholders approved the pending acquisition by DICK'S Sporting Goods, with the transaction expected to close on September 8, 2025.

DICK'S Sporting Goods (NYSE: DKS) and Foot Locker (NYSE: FL) announced two key developments in their pending merger: the expiration of the Hart-Scott-Rodino antitrust waiting period and the election deadline for merger consideration. The merger is set to close on September 8, 2025, following Foot Locker shareholders' approval on August 22, 2025.

Foot Locker shareholders must elect their preferred form of consideration by 5:00 p.m. ET on August 29, 2025. They can choose either $24.00 in cash or 0.1168 shares of DICK'S Sporting Goods stock for each Foot Locker share. Shareholders who don't make an election will automatically receive cash consideration. Plan participants face an earlier deadline of August 27, 2025.

Foot Locker (NYSE: FL) shareholders have overwhelmingly approved the company's acquisition by DICK'S Sporting Goods (NYSE: DKS), with approximately 99% of votes cast in favor of the merger agreement, representing about 70% of outstanding shares.

Under the merger terms announced on May 15, 2025, FL shareholders can choose to receive either $24.00 in cash or 0.1168 shares of DKS common stock for each FL share, with no minimum or maximum limits on cash or stock consideration. The transaction is expected to close in the second half of 2025, pending regulatory approvals and other customary closing conditions.

WSS, a subsidiary of Foot Locker, Inc. (NYSE: FL), launches its back-to-school campaign featuring soccer star Hirving "Chucky" Lozano and baseball legend Adrián González. The "Best Value Always" campaign includes a commercial featuring both athletes with their children, emphasizing family values and cultural pride.

The retailer will host in-store events from July 17 to August 18, 2025, offering free school supplies, complimentary haircuts, and giveaways including sneakers, bikes, and Chromebooks at participating locations. WSS's back-to-school collection features classic sneakers, soccer-inspired styles, and modern runners, along with backpacks and clothing bundles. The store offers free shipping on orders over $99 and a rewards program earning 1 point per dollar spent.

Foot Locker, Inc. (NYSE: FL) has unveiled its first-ever Champs Sports Reimagined retail concept, launching in Tampa, FL (Brandon Exchange) and Portland, OR (Washington Square). The redesigned stores feature an immersive retail experience aligned with the brand's "Sport For Life" platform.

The new concept introduces several key features including a modernized storefront, enhanced product presentation walls, digital displays, and a dedicated Champs Run Club area. The stores incorporate digital integration with 3-D scanning technology for precise fitting and multiple omnichannel touchpoints. The concept emphasizes a family-friendly shopping experience with multi-brand zones and elevated fitting rooms.

To celebrate the launches, Champs Sports will host grand opening events featuring live entertainment, giveaways, and customization opportunities. The Portland location will partner with Nike for a special celebration from July 26-27, while the Tampa location's event is scheduled for August 9-10. This initiative is part of Foot Locker, Inc.'s broader Lace Up Plan to "Power Up the Portfolio," following the opening of eight Foot Locker Reimagined stores globally.

Foot Locker (NYSE: FL) reported challenging Q1 2025 results with total sales down 4.6% to $1,788 million and comparable sales declining 2.6%. The company posted a GAAP loss per share of $3.81 compared to earnings of $0.09 in Q1 2024, and a non-GAAP loss of $0.07 per share. Key financial metrics include: • North American comparable sales decreased 0.5% • International sales declined 8.5% • Gross margin decreased 40 basis points • Net loss of $363 million vs. $8 million profit last year • Inventory levels relatively flat at $1,665 million During Q1, Foot Locker continued executing its Lace Up Plan, including 69 store refreshes and launching new mobile apps for Champs Sports and Kids Foot Locker. The company also announced a definitive merger agreement to be acquired by DICK'S Sporting Goods.

Foot Locker (NYSE: FL) reported preliminary Q1 2025 results and announced a definitive merger agreement with DICK'S Sporting Goods. Key financial highlights include: comparable sales decreased 2.6% globally (North America -0.5%), with an expected net loss of $363 million compared to $8 million profit last year. Non-GAAP net loss is expected at $6 million. The company recorded $276 million in non-cash impairment charges and a $124 million tax valuation allowance. Under the merger agreement, DICK'S will acquire Foot Locker for approximately $2.4 billion. Shareholders can elect to receive either $24.00 in cash or 0.1168 DICK'S shares per FL share. The transaction is expected to close in H2 2025, subject to shareholder and regulatory approvals.

DICK'S Sporting Goods (NYSE: DKS) has announced its acquisition of Foot Locker (NYSE: FL) in a deal valued at approximately $2.4 billion in equity value. Under the agreement, Foot Locker shareholders can choose to receive either $24.00 in cash or 0.1168 shares of DICK'S common stock for each Foot Locker share, representing a 66% premium to Foot Locker's 60-day volume weighted average price. The combined company will create a global platform in sports retail, with Foot Locker's 2,400 retail stores across 20 countries complementing DICK'S existing operations. DICK'S plans to operate Foot Locker as a standalone business unit and maintain its brands. The transaction is expected to be accretive to DICK'S EPS in the first full fiscal year post-close and deliver $100-125 million in cost synergies. The deal is anticipated to close in the second half of 2025, subject to regulatory approvals and Foot Locker shareholder approval.