On this page of StockholderLetter.com we present the latest annual shareholder letter from FOOT LOCKER, INC. — ticker symbol FL. Reading current and past FL letters to shareholders can bring important insights into the investment thesis.
ANNUAL REPORT
To ignite the inner sneakerhead in everyone we serve celebrating sport, style, and the cultural power of sneakers To be the premium destination for discovering and buying sneakers delivering inspiration and innovation to our customers and brand partners, powered by the energy of our Stripers Our Lace Up Plan enables our Mission and Vision. It s designed to deliver value for all stakeholders including shareholders, customers, brand partners, team members, and the communities we serve by driving sustainable ERH TVS XEFPI KVS[XL HIITIRMRK SYV connection to sneaker culture, and delivering an exceptional customer experience. INTEGRITY We uphold the highest standards of integrity in all our actions LEADERSHIP We lead by example, fostering an environment where everyone can thrive SERVICE We are dedicated to serving our customers and communities with excellence TEAMWORK We believe in the power of collaboration and the strength of our teams INNOVATION We continuously seek to innovate and improve
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
 • shareholder letter icon 4/10/2025 Letter Continued (Full PDF)
 • stockholder letter icon 4/7/2023 FL Stockholder Letter
 • stockholder letter icon 4/11/2024 FL Stockholder Letter
 • stockholder letter icon More "Miscellaneous" Category Stockholder Letters
 • Benford's Law Stocks icon FL Benford's Law Stock Score = 80


FL Shareholder/Stockholder Letter Transcript:

ANNUAL REPORT

To ignite the inner sneakerhead in everyone
we serve     celebrating sport, style, and the
cultural power of sneakers
To be the premium destination for
discovering and buying sneakers    
delivering inspiration and innovation to
our customers and brand partners,
powered by the energy of our Stripers
Our Lace Up Plan enables our Mission
and Vision. It   s designed to deliver value
for all stakeholders     including
shareholders, customers, brand partners,
team members, and the communities
we serve     by driving sustainable
ERH TVS  XEFPI KVS[XL  HIITIRMRK SYV 
connection to sneaker culture, and
delivering an exceptional customer
experience.
INTEGRITY
We uphold the highest standards of integrity
in all our actions
LEADERSHIP
We lead by example, fostering an
environment where everyone can thrive
SERVICE
We are dedicated to serving our customers
and communities with excellence
TEAMWORK
We believe in the power of collaboration and
the strength of our teams
INNOVATION
We continuously seek to innovate and
improve








%27,.  88=  8,4.;G< /8>7-270    B.*;< *08  @. 1*?. +..7 *= =1. 1.*;= 8/ <7.*4.; ,>5=>;.  (. *;. 98<2=287270 =1. +><27.<< /8; 2=< 
7.A=    B.*;< 8/ 0;8@=1 =1;8>01 =1. .A.,>=287 8/ 8>;  *,. '9 #5*7  *7- @. 6*-. =;.6.7-8>< 9;80;.<< *0*27<= 8>; <=;*=.02.< 27 
K<,*5     27 =1. /*,. 8/ * -2M,>5= ;.=*25 .7?2;876.7=E/;86 .?85?270 8>; 27 <=8;. .A9.;2.7,.<  .71*7,270 8>; -202=*5 ,*9*+252=2.<  
;.5*>7,1270 *7 .71*7,.- 58B*5=B 9;80;*6  *7- 5.*7270 27=8 8>; <=;870 +;*7- 9*;=7.;<129<    
 < @. ;.L.,= 87   
27,5>-270  
  @. <*@ =1. .A.,>=287 8/ 8>; <=;*=.02, 9;28;2=2.< =1;8>01 8>;  *,. '9 #5*7 -;2?. *7 27L.,=287 27 8>; +><27.<<  
       ;.=>;7 =8 98<2=2?. ,869*;*+5. <*5.< 0;8@=1 8/      27 K<,*5   
98<2=2?.      0;8@=1   
      ;8<< 6*;027 .A9*7<287 8/ 
  5.- +B =1.  88=  8,4.; *7-  2-<  88=  8,4.; +*77.;< 8/ 
  +9< ,869*;.- =8 =1. 9;28; B.*;  5.- +B 269;8?.- 6.;,1*7-2<. 6*;027    
      *;7270< 9.; <1*;. /;86 ,87=27>270 89.;*=287< 8/       *7- !87    # .*;7270< 9.; <1*;.  /;86 ,87=27>270 89.;*=287< 8/ 
      27       
      69;8?.- 27?.7=8;B =>;7< ,869*;.- =8 =1. 9;28; B.*;  *7-  
      69;8?.6.7= 27 89.;*=270 ,*<1 L8@ ,869*;.- =8   
 *7- * ;.=>;7 =8 98<2=2?. /;.. ,*<1 L8@  27 =1. B.*;   
"?.;*55  @. 6*-. 6.*7270/>5 <=;2-.< @2=1 8>; <=;*=.02.< 27 K<,*5      *7- @. *;. 5884270 *1.*- 27     =8 ,87=27>. 8>; 
,869*;*+5. <*5.< *7- 0;8<< 6*;027 ;*=. 269;8?.6.7=<  ">; =.*6< ;.6*27 /8,><.- 87 .A.,>=270 8>;  *,. '9 #5*7  @125. +*5*7,270 
=1. 7.*; =.;6 *7- 5870.; =.;6 7..-< 8/ =1. +><27.<<  (. *;. ,87K-.7= =1*= 8>; 272=2*=2?.< @255 .7*+5. >< =8 *,12.?. 8>; 0;8@=1 
.A9.,=*=287< 27      *7- @.G;. ,8662==.- =8 ;.*,1270 8>; 5870.; =.;6 K7*7,2*5 ,8662=6.7=< *7- -.52?.;270 <><=*27*+5. 
<1*;.185-.; ?*5>. ,;.*=287    





(. *;. .A9*7-270 <7.*4.; ,>5=>;. +B *,=2?.5B 5.?.;*0270 8>; 6>5=2 +;*7- 5.*-.;<129 98<2=287 *7- <.;?270 68;. <7.*4.; 8,,*<287<  
9;8?2-270 68;. ,182,.<  *7- -;2?270 0;.*=.; -2<=27,=287  (86.7< @*< 8>; /*<=.<= 0;8@270 ,*=.08;B 27      *7- @. ,87=27>. =8 <.. 
8998;=>72=B /8; 8>; @86.7< +><27.<< *< @. 27?2=. 7.@ ,><=86.;< 27=8 =1. ,*=.08;B  (2=1 8>; 5*;0.<= 9*;=7.; !24.  @. *;. ,87K-.7= 
27 =1. <=;.70=1 8/ 8>; 9*;=7.;<129 *< @. ,87=27>. =8 +>25- >987 8>; <=;*=.02, 27?.<=6.7=< @2=1 =1.6  9*;=2,>5*;5B 27 8>; +*<4.=+*55 
+><27.<<   A*695.< 8/ 8>; 8708270 9*;=7.;<129 27,5>-. =1. ,87=27>.- .A9*7<287 8/ &1.  5272, @2=1 !24. *7-  8;-*7  ;*7-  *7- 8>; 
9;.62.;  6>5=2 +;*7-  88=  8,4.; F 86.  8>;=G +*<4.=+*55 .A9.;2.7,. 27 <.5.,= $.26*027.- <=8;. 58,*=287<    < @. <.. 8>; 1201.<= 
/;.:>.7,B ,><=86.;< <189 6>5=295. +;*7-< @2=1 ><  @.G;. *5<8 ,87=27>270 8>; -88; *7- *558,*=287 0;8@=1 95*7< @2=1 +;*7-< <>,1 *< 
!.@  *5*7,.  "7  *7-  84*  (. ,87=27>. =8 <.. 8>; ,><=86.;< ;.<987- =8 +;*7-< ,*=.;270 =8 =1.2; 52/.<=B5. 7..-<  27,5>-270 *-2-*<  
 ;8,<  '    *7- &26+.;5*7-   (. +.52.?. 8>; +;*7- 9*;=7.;<129< *;. <=;870 .7=.;270     *< @. 5.*- @2=1 ,><=86.; 27<201=< *7- 
,855*+8;*=. @2=1 *55 8>; 9*;=7.;< 87 6>5=2 B.*; 0;8@=1 95*7<   

  4.B .691*<2< @2=127 =12< 9255*; 2< 89=262C270 *7- .5.?*=270 8>; 27 <=8;. .A9.;2.7,. =1;8>01 * ,86+27*=287 8/ 7.@ ,87,.9= -88;< 
*7- * <=8;. ;./;.<1 9;80;*6  (. 27=;8->,.- 8>; 7.@ $.26*027.- ,87,.9= 27 .*;5B      @12,1 ,.5.+;*=.< =1.  88=  8,4.; +;*7- 27 
* ?2<>*55B .5.?*=.- <=8;. .7?2;876.7= -.<207.- =8 .71*7,. =1. 98@.; 8/ +;*7- <=8;B=.55270  *7- 1*;7.<<.< =1. 98@.; 8/ 8>; 
%=;29.;<   7      @. ;855.- 8>= .201= =8=*5 $.26*027.- ,87,.9=< *,;8<< !8;=1  6.;2,*   >;89.  *7-  <2* #*,2K,  &1.<. 58,*=287< 
*;. 0.7.;*=270 <852- ,*<1 87 ,*<1 ;.=>;7< *< @.55 *< /*?8;*+5. 9*B+*,4<  *7- *< <>,1 @.G;. *,,.5.;*=270 =1*= ;8558>= 27=8     @2=1 
   $.26*027.- -88;< 95*77.-  9;26*;25B =1;8>01 ,87?.;<287< 8; ;.58,*=287< 8/ .A2<=270 58,*=287<  (.G?. *5<8 6*-. <2072K,*7= 
9;80;.<< @2=1 8>; <=8;. ;./;.<1 9;80;*6  @12,1 @*< -.<207.- =8 ,;.*=. * 68;. ,87<2<=.7= *7- .5.?*=.- +;*7- .A9.;2.7,. /8; 8>; 
 88=  8,4.; *7-  2-<  88=  8,4.; +*77.;<  (. ;./;.<1.- 8?.;     58,*=287< 27      *7- @. 1*?. <..7 =1*= =1. ;.=>;7< /;86 8>; 
;./;.<1.- <=8;.< *;. .A,..-270 8>; 1>;-5. ;*=.< *7- 9*B+*,4 9.;28-<   .=@..7 8>; <=8;. ;./;.<1 9;80;*6 *< @.55 *< * 0;.*=.; 
;8558>= 8/ 8>; $.26*027.- ,87,.9=  @. *;. .5.?*=270  89=262C270  *7- <=*7-*;-2C270 8>; <=8;. .A9.;2.7,. *< @. +;270 68;. 8/ =1. 
L..= >9 =8 8>; 7.@5B -.K7.-  ;*7- %=*7-*;-  &1;8>01 =1.<. .//8;=<  @. ;. @8;4270 =8 +;270     8/ 8>; 058+*5  88=  8,4.; *7-  2-< 
 88=  8,4.; /88=*0. >9 =8  ;*7- %=*7-*;- +B =1. .7- 8/        
DDDDDDDDDDDDDDD 









shareholder letter icon 4/10/2025 Letter Continued (Full PDF)
 

FL Stockholder/Shareholder Letter (FOOT LOCKER, INC.) | www.StockholderLetter.com
Copyright © 2023 - 2026, All Rights Reserved

Nothing in StockholderLetter.com is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy.