Foot Locker, Inc. (NYSE: FL) - Valuation on January 17, 2022

Foot Locker, Inc. is an athletic footwear and apparel retail business. The company sells athletic footwear, apparel, accessories, equipment, and team licensed merchandise under the Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Eastbay, Footaction, Runners Point, and Sidestep brand names. As of October 30, 2021, the company operated 2,956 retail stores in 27 countries across the United States, Canada, Europe, Australia, New Zealand, and Asia; and 127 franchised Foot Locker stores located in the Middle East, as well as e-commerce sites and mobile apps. The company gets 72% of its revenue from its retail operations and 28% from direct-to-consumer (“D2C”) online businesses, with 74% of sales coming from in the U.S. and the remainder overseas.

Looking back

Over the last decade, Foot Locker, Inc. revenues have grown from $5.6bn in 2012 to $8.8bn in the trailing twelve months (“TTM”) to October 30, 2021, at a 4.1% CAGR. The business has produced average returns on invested ca…