Foot Locker 2014 Annual Report Download - page 2

TABLE OF CONTENTS
FINANCIAL HIGHLIGHTS*
2010 2011 2012 2013 2014
Sales** $ 5,049 $ 5,623 $ 6,101 $ 6,505 $ 7,151
Sales per Gross Square Foot $ 360 $ 406 $ 443 $ 460 $ 490
Adjusted Financial Results:
Earnings Before Interest and Taxes** $ 274 $ 446 $ 602 $ 676 $ 816
EBIT Margin 5.4% 7.9% 9.9% 10.4% 11.4%
Net Income** $ 173 $ 281 $ 380 $ 432 $ 522
Net Income Margin 3.4% 5.0% 6.2% 6.6% 7.3%
Diluted EPS from Continuing Operations $ 1.10 $ 1.82 $ 2.47 $ 2.87 $ 3.58
Return on Invested Capital 8.3% 11.8% 14.2% 14.1% 15.0%
Cash, Cash Equivalents and Short-Term
Investment Position, Net of Debt** $ 559 $ 716 $ 795 $ 728 $ 833
* Results in this table and throughout pages 1 through 16 refer to non-GAAP, adjusted gures.
See pages 16-17 of Form 10-K for the reconciliation of GAAP to non-GAAP adjusted results.
** In Millions
This report contains forward-looking statements within the meaning of the federal securities laws. Other than statements of historical facts, all statements which address activities, events, or
developments that the Company anticipates will or may occur in the future, including, but not limited to, such things as future capital expenditures, expansion, strategic plans, nancial objectives,
dividend payments, stock repurchases, growth of the Company’s business and operations, including future cash ows, revenues, and earnings, and other such matters, are forward-looking
statements. These forward-looking statements are based on many assumptions and factors which are detailed in the Company’s lings with the Securities and Exchange Commission, including the
effects of currency uctuations, customer demand, fashion trends, competitive market forces, uncertainties related to the effect of competitive products and pricing, customer acceptance of the
Company’s merchandise mix and retail locations, the Company’s reliance on a few key vendors for a majority of its merchandise purchases (including a signicant portion from one key vendor),
pandemics and similar major health concerns, unseasonable weather, deterioration of global nancial markets, economic conditions worldwide, deterioration of business and economic conditions,
any changes in business, political and economic conditions due to the threat of future terrorist activities in the United States or in other parts of the world and related U.S. military action overseas,
the ability of the Company to execute its business and strategic plans effectively with regard to each of its business units, and risks associated with global product sourcing, including political
instability, changes in import regulations, and disruptions to transportation services and distribution.
For additional discussion on risks and uncertainties that may affect forward-looking statements, see “Risk Factors” disclosed in the 2014 Annual Report on Form 10-K. Any changes in such
assumptions or factors could produce signicantly different results. The Company undertakes no obligation to update forward-looking statements, whether as a result of new information, future
events, or otherwise.
Financial Highlights ..................................................... 1
Our Businesses ............................................................ 2
Letter to Shareholders ................................................ 3
Our Vision, Core Values, Strategies & Goals ............... 6
Core Business .............................................................. 7
Kids’ Business .............................................................. 9
European Expansion ................................................... 11
Apparel ........................................................................ 12
Growth in Women’s ..................................................... 13
Digital Business ........................................................... 15
Industry-Leading Team ................................................ 16
Community .................................................................. 17
Form 10-K .................................................................... 18
Board of Directors, Corporate Management,
Division Management, Corporate Information ........... IBC
Foot Locker, Inc. (NYSE: FL) is a leading global retailer of athletically inspired shoes and apparel.
Headquartered in New York City, the Company operates 3,423 athletic retail stores in 23 countries
in North America, Europe, Australia, and New Zealand under the brand names Foot Locker, Champs Sports,
Kids Foot Locker, Footaction, SIX:02, Lady Foot Locker, Runners Point, and Sidestep.
The Company also operates a direct-to-customer business offering athletic footwear, apparel, and equipment
through its internet, mobile, and catalog channels. In addition to websites for each of the store banners, such as
footlocker.com, the direct-to-customer business includes Eastbay, a leading destination for the serious athlete.
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and Chief Operating Ofcer
President and Chief Executive Ofcer
President and Chief Executive Ofcer
President and Chief Executive Ofcer
Chief Executive Ofcer
President and Chief Executive Ofcer
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Chief Financial Ofcer
Chief Human Resources Ofcer
Chief Information Ofcer
Chief Accounting Ofcer
President and Chief Executive Ofcer
President and Chief Executive Ofcer
President and Chief Executive Ofcer
President and Chief Executive Ofcer
Foot Locker Asia/Pacic
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