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This statistic highlights Foot Locker’s Revenue Breakdown Worldwide, split across U.S., and International, reported on a quarterly basis from Q1 2017 onwards.
|Revenue by Region||Q3 2020||Q2 2021||Q3 2021||Contribution in Q3 2021|
(All values are in millions, apart from percentages)
Foot Locker generates most of its revenue from U.S. In Q3 2021, around 70% of the revenue was generated through sales in the U.S. market, while only 30% of the revenue was generated from the sales in the international market. The company’s total revenue increased from $2,106 million in Q3 2020 to $2,189 million in Q3 2021, marking a 4% increase on a year-on-year basis. However, the total revenue went down from $2,275 million in Q2 2021 to $2,189 million in Q3 2021, marking a dip of 3.7% on a quarter-on-quarter basis.
COVID-19 had a significant effect on overall economic conditions in the various geographic areas in which the company operates. During the year 2020, the COVID-19 pandemic and the shelter-in place orders had a negative impact on the customer traffic into their stores that were open. Many stores even remained shut for the remainder of the year. The distribution centers have been operating relatively unaffected during this time. In order to mitigate the effects of the temporary closures, the company has been operating in-store fulfillment activities while stores were closed to customers.
Foot Locker’s revenue can be classified into the following regions:
United States (U.S.) is the domicile region of the company. The revenue generated from this region slightly declined by 0.65% on a year-on-year basis, from $1,534 million in Q3 2020 to $1,524 million in Q3 2021. In addition, it decreased by $99 million, or by 6% as compared to $1,623 million in Q2 2021, on a quarterly basis. The United States contributed a major part to the company’s total revenue in Q3 2021, accounting to 69.62%.
North American operating segment’s sales for the quarter were negatively affected by Footaction, as the company is winding down that business. Sales growth in North America for the latest quarter of 2021 was led by Foot Locker, Champs Sports, and Kids Foot Locker.
The international operations of the company consist of EMEA (Europe, Middle East, and Africa) and Asia Pacific (which includes countries such as Australia, New Zealand, and Asia). Within EMEA, sales for both the quarterly and yearly period from the Foot Locker banner grew, partially offset by a decrease in sales because of the Runners Point shutdown. Asia Pacific witnessed significant growth in the quarter and yearly periods from both strong performance in Australia and New Zealand, coupled with growth in Asia, based on expansion in that region, and primarily due to the growth in e-commerce sales.
The international operations of the company constitute 30.38% of the company’s total revenue in Q3 2021. The revenue generated from this segment has been increasing with each passing quarter. It grew by 16.3% on a year-on-year basis, from Q3 2020, where the revenue generated was $572 million to $665 million in Q3 2021. The contribution increased by a mere 2% on a quarter-on-quarter basis, from $652 million in Q2 2021 to $665 million in Q3 2021.
Founded in 1974, Foot Locker Inc. is a leading manufacturer of sportswear and footwear around the globe under the brands such as Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Eastbay, WSS, Footaction, and Sidestep. The company is based in Midtown Manhattan, New York City. Foot Locker Inc. and its subsidiaries operate primarily mall-based stores, as well as stores in high-traffic urban retail areas and high streets, in 27 countries including the United States, Canada, Europe, Australia, New Zealand, and Asia. The company aims to stimulate and empower youth culture around the globe, by powering a shared passion for self-expression and creating unrivaled experiences at the heart of the global sneaker community.
During the third quarter, it completed the acquisition of WSS. Headquartered in Los Angeles, California, Warehouse Shoe Sale (WSS) is a retail chain of shoe stores, operating 92 retail outlets around the world. The company uses its omni-channel proficiency to bridge the gap between the digital world and physical stores, including order-in-store, buy online and pickup-in-store, and buy online and ship-from-store, together with e-commerce.
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