On a non-GAAP basis, the company earned $7.77 per share in FY21, an increase of 176.5% over non-GAAP earnings per share of $2.81 in the previous year. Compared with non-GAAP earnings per share of $4.93 for fiscal 2019, non-GAAP earnings per share for fiscal 2021 increased 57.6%, the company said in a statement. Press.

Same store sales for the year increased 15.4%. Total sales of $9 billion for fiscal 2021 increased 18.7% from sales of $7.5 billion in fiscal 2020, and 11.9% from $8 billion in 2019. Excluding the effect of exchange rate fluctuations, total sales for fiscal 2021 increased by 17.8 percent.

U.S. sportswear and footwear retailer Foot Locker reported net income of $893 million, or $8.61 per share, for fiscal year 2021 (FY21), a 179.5% increase in profit per share compared to net income of $323 million, or $3.08 per share, in fiscal 2020. Earnings per share in fiscal 21 increased 91.3% from 4 $.50 in fiscal year 2019.

For the fourth quarter of FY21 ended Jan. 29, 2022, the company reported net income of $103 million, or $1.02 per share, compared to net income of $123 million, or $1.17 $ per share, for the corresponding period of the previous year. On a non-GAAP basis, the company earned $1.67 per share (including a $0.20 gain from the mark-to-market valuation of one of its minority investments), an increase up 7.7% from non-GAAP earnings per share of $1.55 last year. – period of one year.

Fourth-quarter comparable store sales rose 0.8%, with apparel significantly outpacing footwear. Total sales increased 6.9% to $2.3 billion, compared to sales of $2.2 billion in the fourth quarter of 2020. Excluding the effect of exchange rate fluctuations , total fourth-quarter sales increased 8.2%.

“We closed a record year by delivering strong fourth quarter results that reflect the continued momentum we have built in our business amid a changing market,” said Richard Johnson, President and CEO. “We made significant progress diversifying our brands, categories and channels in 2021, as well as expanding our customer base across high-growth demographics and geographies with the WSS and atmos acquisitions. have also invested in our omnichannel platform to accelerate our DTC strategy and enhance the customer experience with new capabilities for speed and convenience.And we continue to expand our private label merchandise offerings, including the most recent launch of our new brand of women’s clothing.

Fibre2Fashion (KD) News Desk