secwatch.observer — SEC 8-K summary
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Issuer:     FOOT LOCKER, INC. (—)
CIK:        0000850209
Form:       8-K
Filed at:   2023-05-19T23:59:59+00:00
Accession:  0001437749-23-015183
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 5.02, 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Foot Locker Q1 EPS misses; cuts FY 2023 guidance; names new CFO
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- Q1 sales $1,927M (-11.4% YoY); comps -9.1%; GAAP EPS $0.38, non-GAAP $0.70.
- FY 2023 non-GAAP EPS guidance slashed to $2.00-$2.25 from $3.35-$3.65.
- Full-year comparable sales now expected down 7.5-9.0% vs prior down 3.5-5.5%.
- Mike Baughn appointed EVP/CFO effective June 12, 2023; base salary $650K.
- Quarterly dividend maintained at $0.40/share payable July 28, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/850209/000143774923015183/0001437749-23-015183-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/850209/000143774923015183/floc20230327_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-015183

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer