Foot Locker Inc


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SKU: FL Category:


Foot Locker’s growth has been unstoppable over the past few months. The retail behemoth within the athletic footwear and apparel space has been witnessing robust demand for its athleisure and fitness offerings and delivered a stellar result beating Wall Street expectations as well as its 2019 performance. Relying on its strong merchandise products and relatively lower promotional activity on fresh stock, the company’s financials have made an excellent recovery after the impact of the Covid-19 headwinds. Foot Locker has also expanded its network into the childrenswear space with investments in Super Heroic, NTWRK, and Rockets. While the company’s stock may not have as much of a high positive correlation with its largest vendor, Nike (largely due to the latter’s heavy focus on online sales), the new collections of Nike are certainly expected to drive strong foot traffic to Foot Locker stores. We give the stock a ‘Buy’ rating.

Our Report Structure
• Company Overview
• Investment Thesis
• Key Drivers
• Historical Quarterly Statement Analysis – Income Statement & Cash Flows
• Historical Quarterly Balance Sheet Analysis
• Historical Annual Financial Statement Analysis
• Analysis Of Key Financial Ratios
• Financial Forecasts For 3 Years
• Forecasting The Capital Structure & Net Debt
• Discounted Cash Flow Valuation
• Trading Multiples
• Key Risks
• Disclosures

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