FOOT LOCKER, INC. (FL) [Rocket]

In millions, except per share items	Jul-29-23	Apr-29-23	Jan-28-23	Oct-29-22	Jul-30-22	Apr-30-22	Jan-29-22	Oct-30-21
	8-K	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q
Revenues:
United States		1,287	1,558	1,500	1,383	1,544	1,617	1,524
International			788	673	682		734	665
Other		644				634
Total revenues [+]		1,931	2,346	2,173	2,065	2,178	2,351	2,189
Products				2,173	2,065			2,189
Revenue growth [+]		-11.3%	-0.2%	-0.7%	-9.2%	1.2%	7.1%	3.9%
United States		-16.6%	-3.6%	-1.6%	-14.8%	-9.9%	0.6%	-0.7%
International			7.4%	1.2%	4.6%		24.8%	16.3%
Cost of goods sold		1,349	1,632	1,477	1,411	1,435	1,568	1,429
Gross profit		582	714	696	654	743	783	760
Gross margin		30.1%	30.4%	32.0%	31.7%	34.1%	33.3%	34.7%
Selling, general and administrative [+]		431	521	467	452	463	525	458
General and administrative			521				525
Other operating expenses		39				6
EBITDA [+]		112	193	229	202	274	258	302
EBITDA growth		-59.1%	-25.2%	-24.2%	-42.0%	-17.2%	-4.4%	33.6%
EBITDA margin		5.8%	8.2%	10.5%	9.8%	12.6%	11.0%	13.8%
Depreciation		51	50	50	49	54	52	49
EBITA		61	143	179	153	220	206	253
EBITA margin		3.2%	6.1%	8.2%	7.4%	10.1%	8.8%	11.6%
Amortization of intangibles			1	2	2		3
EBIT [+]		61	142	177	151	220	203	253
EBIT growth		-72.3%	-30.0%	-30.0%	-49.7%	-23.1%	-10.2%	39.0%
EBIT margin		3.2%	6.1%	8.1%	7.3%	10.1%	8.6%	11.6%
Non-recurring items [+]			74	20	12		75	57
Asset impairment			74	20	12		75	57
Interest expense		1	2	3	5	5	6	4
Interest expense		1	2	3	5	5	6	4
Other income (expense), net [+]		-3	-18	-11	9	-25	25	30
Other		-3	24	-11	9	-25		30
Pre-tax income		57	48	143	143	190	147	222
Income taxes		21	26	47	49	58	45	64
Tax rate		36.8%	54.2%	32.9%	34.3%	30.5%	30.6%	28.8%
Minority interest						-1	-1
Earnings from continuing ops		36	366	96	94	133	103	158
Earnings from discontinued ops			-3
Net income		36	363	96	94	133	103	158
Net margin		1.9%	15.5%	4.4%	4.6%	6.1%	4.4%	7.2%

Basic EPS [+]		$0.38	$3.88	$1.03	$1.00	$1.38	$1.00	$1.53
Growth		-72.2%	286.2%	-32.9%	-75.9%	-29.0%	-14.8%	-39.7%
Diluted EPS [+]		$0.38	$3.83	$1.01	$0.99	$1.37	$0.99	$1.51
Growth		-72.3%	286.2%	-33.0%	-75.8%	-28.9%	-15.2%	-39.9%

Dividends per share [+]		$0.41	$0.39	$0.40	$0.40	$0.40	$0.28	$0.29
Growth	-100.0%	2.6%	38.7%	36.3%	99.6%	95.1%	96.7%	89.7%

Shares outstanding (basic) [+]		94	94	93	94	96	103	103
Growth		-2.5%	-8.0%	-9.5%	-9.3%	-7.2%	-1.7%	-1.1%
Shares outstanding (diluted) [+]		95	96	95	95	97	104	104
Growth		-2.2%	-8.0%	-9.3%	-9.6%	-7.4%	-1.2%	-0.9%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.