Foot Locker (XAMS:FOOTL) Retained Earnings : $2,482 Mil (As of Jan. 2024)

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What is Foot Locker Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Foot Locker's retained earnings for the quarter that ended in Jan. 2024 was $2,482 Mil.

Foot Locker's quarterly retained earnings declined from Jul. 2023 ($2,881 Mil) to Oct. 2023 ($2,871 Mil) and declined from Oct. 2023 ($2,871 Mil) to Jan. 2024 ($2,482 Mil).

Foot Locker's annual retained earnings increased from Jan. 2022 ($2,900 Mil) to Jan. 2023 ($2,925 Mil) but then declined from Jan. 2023 ($2,925 Mil) to Jan. 2024 ($2,482 Mil).

Foot Locker Retained Earnings Historical Data

The historical data trend for Foot Locker's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Foot Locker Retained Earnings Chart

Foot Locker Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Retained Earnings

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2,103.00

2,326.00

2,900.00

2,925.00

2,482.00

Foot Locker Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Retained Earnings	Get a 7-Day Free Trial															2,925.00	2,923.00	2,881.00	2,871.00	2,482.00

Foot Locker Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Foot Locker (XAMS:FOOTL) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Foot Locker (XAMS:FOOTL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Foot Locker Inc (XAMS:FOOTL) » Definitions » Retained Earnings

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Address

330 West 34th Street, New York, NY, USA, 10001

Website

http://www.footlocker-inc.com

Foot Locker Inc operates thousands of retail stores throughout the United States, Canada, Europe, Australia, and New Zealand. It also has one franchisee in the Middle East and one in South Korea, each of which operates multiple stores in those regions. The company mainly sells athletically inspired shoes and apparel. Foot Locker's merchandise comes from only a few suppliers, with Nike providing the majority. Store names include Foot Locker, Champs, and Runners Point. The company also has an e-commerce business selling through Footlocker.com, Eastbay, and Final-Score.

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