For the second quarter of 2025, the US sports article dealer Foot Licht Inc. In the same period last year, sales were $ 1.89 billion. The decline takes place at a time when the US sports articles dealer prepares for the planned takeover by the US company Dick’s Sporting Goods.
Without taking exchange rate fluctuations into account, the total turnover fell by 3.7 percent in the quarter. The comparable sales decreased by two percent, despite an increase of 1.4 percent in North America. These growth in North America were loose, Kids Foot Lichen and Champs Sports by the branches. Champs Sports recorded the fourth quarter in a row a positive growth of the comparable sales of two percent.
The company recorded a net loss of $ 38 million compared to a net loss of twelve million US dollars in the same period last year. The loss per share was 40 cents compared to a loss of 13 cents in the second quarter of 2024.
Modernization of the branches is progressing
The modernization measures of the Foot Licere branches were continued in the quarter. The company opened two new branches and closed eleven. This means that the total number of branches is 2,354 in 20 countries. Foot Licht also rebuilt or relocated 14 branches and brought 52 branches to the latest design standard.
The inventory was rated $ 1.70 billion at the end of the quarter. This is an increase of 3.7 percent compared to the same period in the previous year. This increase is due to a strategic preferred purchase of autumn products and a change in 100 basis points due to exchange rate fluctuations.
Mary Dillon, Chief Executive Officer (CEO) from Foot Lichen, explained that the company had “acquired dynamics and achieved positive comparable sales in North America”. However, she noticed that the results also reflect “a challenging operating environment and weak branch visitors: interior numbers”.
The takeover by Dick’s Sporting Goods is expected to be completed on September 8, 2025. All necessary official permits are available. In view of the upcoming transaction, the company will not hold a telephone conference or hand over financial forecasts for the rest of the year.
This article was created using AI.
This article was used with digital tools translated.
Fashionunited uses artificial intelligence to accelerate the translation of articles and improve the end result. They help us make the international reporting of fashionunited a German -speaking readership quickly and comprehensively accessible. Articles that have been translated using AI-based tools are read and carefully edited by our editor: Correcting inside before they are published. If you have any questions or comments, please contact me by email to [email protected]