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Exhibit 99.1

N  E  W  S     R  E  L  E  A  S  E

FOOT LOCKER, INC. REPORTS Second QUARTER 2024 FINANCIAL RESULTS; 

REAFFIRMS 2024 OUTLOOK; ANNOUNCES STRATEGIC UPDATES IN SUPPORT OF LACE UP PLAN

●   Returned to Topline Growth with Total Sales Up 1.9% and Comparable Sales Up 2.6%

●   Achieved Gross Margin Expansion of 50 Basis Points Year-over-Year

●   Loss of $0.13 per Share and Non-GAAP Loss of $0.05 per Share

●   Inventory Decreased 10.0% Year-over-Year

●   Reaffirms Full-Year 2024 Non-GAAP EPS Outlook

●   Further Streamlining International Operations and Optimizing Corporate Office Footprint

NEW YORK, NY, August 28, 2024 – Foot Locker, Inc. (NYSE: FL), the New York-based specialty athletic retailer, today reported financial results for its second quarter ended August 3, 2024.

Mary Dillon, President and Chief Executive Officer, said, “The Lace Up Plan is working, as evidenced by our return to positive total and comparable sales growth as well as gross margin expansion in the second quarter. Our top line trends strengthened as we moved through the quarter, including a solid start to Back-to-School. We were also particularly pleased to deliver stabilization in our Champs Sports banner.  As planned, we relaunched our enhanced FLX Rewards Program in the United States during the quarter and have been encouraged by initial results. Our strategies are building momentum as we look to the remainder of the year, and we are reaffirming our full-year Non-GAAP EPS outlook.”

Ms. Dillon continued, “Through our Lace Up Plan, we are unlocking meaningful opportunities for our business as we are leveraging our strong brand partnerships, differentiating our in-store experiences through refreshes and new concept doors, and enhancing our customer connections via digital and loyalty. We are also continuing to simplify our business to enable greater focus on our core banners and markets and have taken steps to further streamline our operations in Asia and Europe, while expanding our licensing partnerships. In addition, to better support our strategic progress, to increase team member collaboration, as well as ongoing expense discipline, we made the decision to relocate our headquarters to St. Petersburg, Florida in 2025.  I remain confident that we are taking the right actions to position the Company for its next 50 years of profitable growth and create long-term shareholder value.”

Second Quarter Results

Please refer to the Sales by Banner table below for detailed sales performance by banner and region.

See the tables below for the reconciliation of Non-GAAP measures.

Balance Sheet

At quarter-end, the Company’s cash and cash equivalents totaled $291 million, while total debt was $445 million.

As of August 3, 2024, the Company’s merchandise inventories were $1.6 billion, 10.0% lower than at the end of the second quarter last year. Excluding the effect of foreign currency fluctuations, merchandise inventories decreased by 9.2% as compared with the second quarter of last year.

Store Base Update

During the second quarter, the Company opened 5 new stores and closed 31 stores. Also during the quarter, the Company remodeled or relocated 14 stores and refreshed 67 stores to our current design standards, which incorporate key elements of our current brand design specifications.

As of August 3, 2024, the Company operated 2,464 stores in 26 countries in North America, Europe, Asia, Australia, and New Zealand. In addition, 213 licensed stores were operating in the Middle East and Asia.

International Operations Updates

As part of its Lace Up Plan and ongoing efforts to simplify its business model and focus on core banners and regions, the Company is taking the following actions in Asia Pacific and Europe:

●   Closing its stores and ecommerce operations in South Korea;

●   Closing its stores and ecommerce operations in Denmark, Norway, and Sweden; and

●   Signed agreements with Fourlis Holdings Société Anonyme (Fourlis Group), a leading retail group and licensing operator in Southeast Europe, to transfer store and ecommerce operations in Greece and store operations in Romania.

Combined, these actions will result in the closure or transfer of operations for approximately 30 stores of the Company’s 140 stores in Asia Pacific and 629 stores in Europe. These changes are expected to be completed by mid-2025.

The Company has also entered into agreements with Fourlis Group for future store and ecommerce expansion in South East Europe. In combination with future expansion opportunities in Greece and Romania, the Company and Fourlis Group see an opportunity for over 100 stores in the region over the next several years.

Headquarters Relocation and Opening of Global Technology Services (GTS) Hub

To further support strategic progress against the Lace Up Plan, Foot Locker, Inc. is also announcing that it will move its global headquarters to St. Petersburg, Florida in late 2025.  As such, the Company plans to maintain only a limited presence in New York City going forward. The intent of the relocation is to further build on the Company’s meaningful presence in St. Petersburg and to enable increased collaboration among teams across banners and functions, while also reducing costs.

Separately, in September, Foot Locker will celebrate the opening of its Global Technology Services (GTS) Hub in Dallas, Texas. Led by Chief Technology Officer Adrian Butler, this new technology and innovation center will accelerate technology delivery and cross-functional collaboration with access to a best-in-class technology talent pool.

Reaffirming 2024 Non-GAAP EPS Outlook 

The Company’s full year 2024 outlook, representing the 52 weeks ending February 1, 2025, is summarized in the table below. 

* Adjusted Capital Expenditures includes Software-as-a-Service contracts that are amortized through operating expenses over their contract terms.

The Company provides earnings guidance only on a non-GAAP basis and does not provide a reconciliation of the Company’s forward-looking EBIT, non-GAAP tax rate, and diluted earnings per share guidance to the most directly comparable GAAP financial measures because of the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliations.

Conference Call and Webcast

The Company will host a conference call at 9:00 a.m. ET today, August 28, 2024, to review its second quarter 2024 results and provide an update on the business. An investor presentation will be available on the Investor Relations section of the Company’s corporate website before the start of the conference call. The call may be accessed live by calling toll-free 1-844-701-1163 or international toll 1-412-317-5490, or via footlocker-inc.com. Please log on to the website 15 minutes prior to the call to register. An archived replay of the conference call will be accessible approximately one hour following the end of the call through September 11, 2024, by calling 1-877-344-7529 in the U.S., 1-855-669-9658 in Canada, and 1-412-317-0088 internationally with passcode 2509598. A webcast replay will also be available at footlocker-inc.com.

Disclosure Regarding Forward-Looking Statements

This press release 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, financial objectives, dividend payments, stock repurchases, financial outlook, 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 filings with the U.S. Securities and Exchange Commission.

These forward-looking statements are based largely on our expectations and judgments and are subject to a number of risks and uncertainties, many of which are unforeseeable and beyond our control. For additional discussion regarding risks and uncertainties that may affect forward-looking statements, see “Risk Factors” disclosed in the Company’s Annual Report on Form 10-K for the year ended February 3, 2024, filed on March 28, 2024. Any changes in such assumptions or factors could produce significantly different results. The Company undertakes no obligation to update the forward-looking statements, whether as a result of new information, future events, or otherwise.

Condensed Consolidated Statements of Operations

(unaudited)

Periods ended August 3, 2024 and July 29, 2023

(In millions, except per share amounts)

Non-GAAP Financial Measures

In addition to reporting the Company’s financial results in accordance with generally accepted accounting principles (“GAAP”), the Company reports certain financial results that differ from what is reported under GAAP. Non-GAAP financial measures that will be presented will exclude (i) gains or losses related to our minority investments, (ii) impairments and other, and (iii) certain tax matters that we believe are nonrecurring or unusual in nature.

Certain financial measures are identified as non-GAAP, such as sales changes excluding foreign currency fluctuations, adjusted income before income taxes, adjusted net income, and adjusted diluted earnings per share. We present certain amounts as excluding the effects of foreign currency fluctuations, which are also considered non-GAAP measures. Where amounts are expressed as excluding the effects of foreign currency fluctuations, such changes are determined by translating all amounts in both years using the prior-year average foreign exchange rates. Presenting amounts on a constant currency basis is useful to investors because it enables them to better understand the changes in our business that are not related to currency movements.

These non-GAAP measures are presented because we believe they assist investors in allowing a more direct comparison of our performance across reporting periods on a consistent basis by excluding items that we do not believe are indicative of our core business or affect comparability. In addition, these non-GAAP measures are useful in assessing our progress in achieving our long-term financial objectives and are consistent with how executive compensation is determined.

We estimate the tax effect of all non-GAAP adjustments by applying a marginal tax rate to each item. The income tax items represent the discrete amount that affected the period. The non-GAAP financial information is provided in addition, and not as an alternative, to our reported results prepared in accordance with GAAP. The various non-GAAP adjustments are summarized in the tables below.

Non-GAAP Reconciliation

(unaudited)

Periods ended August 3, 2024 and July 29, 2023

(In millions, except per share amounts) 

Reconciliation of GAAP to non-GAAP results:

Notes on Non-GAAP Adjustments:

Sales by Banner

(unaudited)

Periods ended August 3, 2024 and July 29, 2023

(In millions)

Condensed Consolidated Balance Sheets

(unaudited)

(In millions)

Condensed Consolidated Statement of Cash Flows

(unaudited)

(In millions)

Store Count and Square Footage

(unaudited)

Store activity is as follows:

Selling and gross square footage are as follows:

(1) Includes 13 and 8 Kids Foot Locker stores, and the related square footage, operating in Europe for February 3, 2024 and August 3, 2024, respectively.

Exhibit 99.2

This investor presentation includes “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “seeks,” “continues,” “feels,” “forecasts,” or words of similar meaning, or future or conditional verbs, such as “will,” “should,” “could,” “may,” “aims,” “intends,” or “projects.” Statements may be forward looking even in the absence of these particular words. Examples of forward-looking statements include, but are not limited to, statements regarding our financial position, business strategy, and other plans and objectives for our future operations, and generation of free cash flow. These forward-looking statements are based on our current expectations and beliefs concerning future developments and their potential effect on us. The forward-looking statements contained herein are largely based on our expectations for the future, which reflect certain estimates and assumptions made by our management. These estimates and assumptions reflect our best judgment based on currently known market conditions, operating trends, and other factors. Although we believe such estimates and assumptions to be reasonable, they are inherently uncertain and involve a number of risks and uncertainties that are beyond our control. As such, management’s assumptions about future events may prove to be inaccurate. We do not intend to publicly update or revise any forward-looking statements as a result of new information, future events, changes in circumstances, or otherwise. These cautionary statements qualify all forward-looking statements attributable to us, or persons acting on our behalf. Management cautions you that the forward-looking statements contained herein are not guarantees of future performance, and we cannot assure you that such statements will be realized or that the events and circumstances they describe will occur. Factors that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements herein include, but are not limited to, a change in the relationship with any of our key suppliers, including access to premium products, volume discounts, cooperative advertising, markdown allowances, or the ability to cancel orders or return merchandise; inventory management; our ability to fund our planned capital investments; a recession, volatility in the financial markets, and other global economic factors, including inflation; difficulties in appropriately allocating capital and resources among our strategic opportunities; our ability to realize the expected benefits from acquisitions; business opportunities and expansion; investments; expenses; dividends; share repurchases; cash management; liquidity; cash flow from operations; our ability to access the credit markets at competitive terms; borrowing capacity under our credit facility; repatriation of cash to the United States; supply chain issues; labor shortages and wage pressures; consumer spending levels; licensed store arrangements; the effect of certain governmental assistance programs; the success of our marketing and sponsorship arrangements; expectations regarding increasing global taxes; the effect of increased government regulation, compliance, and changes in law; the effect of the adverse outcome of any material litigation or government investigation that affects us or our industry generally; the effects of weather; ESG risks, including, but not limited to climate change; increased competition; geopolitical events; the financial effect of accounting regulations and critical accounting policies; credit risk relating to the risk of loss as a result of non-performance by our counterparties; and any other factors set forth in the section entitled “Risk Factors” of our most recent Annual Report on Form 10-K. All written and oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary statement. A forward-looking statement is neither a prediction nor a guarantee of future events or circumstances, and those future events or circumstances may not occur. You should not place undue reliance on forward-looking statements, which speak to our views only as of the date of this investor presentation. Additional risks and uncertainties that we do not presently know about or that we currently consider to be insignificant may also affect our business operations and financial performance. Please refer to “Item 1A. Risk Factors” in the Annual Report for a discussion of certain risks relating to our business and any investment in our securities. Given these risks and uncertainties, you should not rely on forward-looking statements as predictions of actual results. Any or all of the forward-looking statements contained in this investor presentation, or any other public statement made by us, including by our management, may turn out to be incorrect. We are including this cautionary note to make applicable, and take advantage of, the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 for forward-looking statements. We expressly disclaim any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Non-GAAP Measures – Amounts used in  this presentation are on a Non-GAAP basis, a reconciliation is included in the Appendix.

Second Quarter 2024 results foot locker, inc.

SECOND QUARTER 2024 HIGHLIGHTS COMP SALES +2.6% Total sales +1.9% Comp Detail Global FL/KFL +5.2% NA +1.7% EMEA +7.6% APAC (4.5%) Gross margin +50 bps Gross margin Merchandise Margins Up (excluding FLX transition) + Occupancy Leverage +130 bps SG&A rate Investments in Technology, Brand-Building, and Incentive  Comp Healthy Inventory Levels Headed into 3Q24 (10.0%) Year-over-year ($0.13) GAAP EPS ($0.05) Non-GAAP EPS* * A reconciliation to GAAP is provided in the Appendix Foot locker, inc.

2Q Global comp detail footwear up high-single digits apparel down mid-teens accessories up mid-single digits down low-single digits may up mid-single digits June up mid-single digits July Note: Data is on comp basis. Category data is ex-WSS/atmos, while monthly data includes WSS/atmos. Foot locker, inc.

2q comp detail Foot Locker +5.9% Champs Sports -3.9% Kids Foot Locker - WSS -6.2% na +1.7% emea +7.6% apac -4.5% Foot Locker -2.2% atmos -9.6% foot locker, inc.

SECOND QUARTER 2024 GROSS MARGIN AND SG&A RATE GROSS MARGIN (% of sales) SG&A EXPENSES (% of sales) 7.1% 27.6% Q2 2023 Q2 2024 Up 50 bps Vs. Last Year Key Drivers • Merchandise Margin Declined 20 Bps including 40 Bps Impact of Non-Recurring FLX Charge • Occupancy Leveraged 70 Bps SG&A EXPENSES (% of sales) 23.8% 25.1% Q2 2023 Q2 2024 Up 130 bps Vs. Last Year Key Drivers • Pressure from Investments in Technology and Brand-Building •  Partially Offset by Cost Savings and Ongoing Expense Discipline foot locker, inc.

2024 OUTLOOK (52-WEEK YEAR) Metric Prior Outlook Updated Outlook Commentary Total Sales -1.0% to +1.0% -1.0% to +1.0% ~1% annual headwind from lapping 53rd week in 2023 Comp Sales +1.0% to +3.0% +1.0 to +3.0% Store Count Down ~4% Down ~4% Square Footage Down ~1% Down ~2% Slightly fewer WSS openings Licensing Revenue ~$17 million ~$17 million Gross Margin 29.8% to 30.0% 29.5% to 29.7% Promotional pressure in international and WSS SG&A Rate 24.4% to  24.6% 24.1% to 24.3% Ongoing investment spending D&A $210 to $215 million $210 to $215 million EBIT Margin 2.8% to 3.2% 2.8% to 3.2% Net Interest ~$12 million ~$10 million Non-GAAP Tax Rate  35.0% to 36.0% 33.0% to 34.0% Non-GAAP EPS $1.50 to $1.70 $1.50 to $1.70 Includes a $0.09 drag  from non-recurring FLX charge Capital Expenditures $290 million $275 million Slightly fewer WSS  openings Adjusted Capital Expenditures* $345 million $330 million Includes ~$55 million in  technology investment reflected in operating cash flows *Adjusted Capital Expenditures includes Software-as-a-Service contracts that are amortized through operating expenses over their contract terms. Foot locker, inc.

Our lace up plan foot locker, inc.

2Q24 Lace Up Dashboard Expand Sneaker Culture Increase our array of brands to expand sneaker culture E XCLUSIVES % OF SALES 14% 2023 q2 13% 2024 q2 20% 2026 target Progress Was Made Against Each Lace Up Plan Imperative in 2Q24 Create Value for All Stakeholders Create lasting  value for our communities, team members, and investors COST OPTIMIZATION PROGRAM 2024 Q2 2024 $80M $20M $350M Total Program Power Up Our Portfolio Transform our store footprint  through new concepts and footprint optimization Deepen Our Relationship with Customers Drive  deeper customer engagement, and utilize data to better serve our customers OFF -MALL % OF SQ  FT (NA ONLY) NEW CONCEPTS % OF SQ FT 2023 Q2 2026 Target 2024 Q2 36% 40% 50% 2023 Q2 2024 Q2 2026 Target  12% 17% 20% 2024 Q2 2023 Q2 2026 Target 24% 50% 22% LOYALTY PENETRATION (NA) Be Best-in-class Omni Make the customer journey more dynamic, personalized, and seamless DIGITAL % OF SALES 15.5% 15.9% 25% 2026 Target 2023 q2 2024 q2 foot locker, inc.

Mission Foot Locker unlocks the “inner sneakerhead” in all of us vision To be known as the go-to destination for discovering and buying sneakers globally Foot locker Bring the best of sneaker culture to all kids foot locker Recruit the next generation champs sports Head-to-toe sport style wss Celebrate the Hispanic community atmos usa Japan Share and celebrate Japanese street and sneaker culture

Our Lace Up Plan EXPAND SNEAKER CULTURE POWER UP OUR PORTFOLIO DEEPEN OUR RELATIONSHIP WITH CUSTOMERS BE BEST-IN-CLASS OMNI CREATE VALUE FOR ALL STAKEHOLDERS (CUSTOMERS, BRAND PARTNER S , COMMUNITY, TEAM MEMBERS, & INVESTORS) foot locker, inc.

Appendix foot locker, inc.

GAAP to Non-GAAP Reconciliations Pre-tax (loss) income: (Loss) income before income taxes $ (14) $ (3) $ (1) $ 54 Pre-tax adjustments excluded from GAAP: Impairment and other (1) 9 14 23 53 Other income / expense (2) — (2) 2 (1) Adjusted (loss) income before income taxes (non-GAAP) $ (5) $ 9 $ 24 $ 106 After-tax (loss) income: Net (loss) income $ (12) $ (5) $ (4) $ 31 After-tax  adjustments excluded from GAAP: Impairment and other, net of income tax benefit of $1, $3, $4,  and $9 million, respectively (1) 8 11 19 44 Other income / expense, net of income tax expense of $-,  $-, $-, and $- million, respectively (2) — (2) 2 (1) Tax reserves benefit (3) — — — (4) Adjusted net  (loss) income (non-GAAP) $ (4) $ 4 $ 17 $ 70 Second Quarter Year-to-Date 2024 2023 2024 2023 foot locker, inc.

GAAP to Non-GAAP Reconciliations (cont.) The Company provides earnings guidance only on a non- GAAP basis and does not provide a reconciliation of the Company’s forward-looking guidance to the most directly comparable GAAP financial measures because of the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliations. Second Quarter Year-to-Date 2024 2023 2024 2023 Earnings per share: Diluted (loss) earnings per share $ (0.13 ) $ (0.05 ) $ (0.04 ) $ 0.33 Diluted per share amounts excluded from GAAP: Impairment and other (1) 0.08 0.12 0.20 0.47 Other income / expense (2) — (0.03 ) 0.02 (0.02 ) Tax reserves benefit (3) — — — (0.04 ) Adjusted diluted (loss) earnings per share (non-GAAP) $ (0.05 ) $ 0.04 $ 0.18 $ 0.74 Notes on Non-GAAP Adjustments: (1) For the second quarter of 2024, impairment and other included a $9 million impairment of long-lived assets and right-of-use assets primarily related to the Company's decision to exit underperforming operations in South Korea, Denmark, Norway, and Sweden. The Company will be closing all stores operating in those regions as we focus on improving the overall results of our international operations. For year-to-date 2024, impairment and other also included a loss accrual for legal claims of $7 million and a $7 million impairment of long-lived assets and right-of-use assets related to the Company's decision to no longer operate, and to sublease, one of its larger unprofitable stores in Europe. For the second quarter of 2023, impairment and other included transformation consulting expense of $7 million, impairment charges of $3 million, primarily accelerated tenancy charges on right-of-use assets for the closures of the Sidestep banner and certain Foot Locker Asia stores, $3 million of reorganization costs, primarily related to the closures of the Sidestep banner and certain Foot Locker Asia stores, and $1 million in other charges. For year-to-date 2023, impairment and other included transformation consulting expense of $26 million, impairment charges of $21 million, primarily accelerated tenancy charges on right-of-use assets for the closures of the Sidestep banner and certain Foot Locker Asia stores, $5 million of reorganizations costs, primarily related to the announced closure of a North American distribution center and the closures of the Sidestep banner and certain Foot Locker Asia stores, and $1 million in other charges. (2) For year-to-date 2024, the adjustments to other income / expense consisted of $2 million of our share of losses related to equity method investments. For the second quarter of 2023, the adjustments of other income / expense consisted of a $2 million gain from the sale of our Singapore and Malaysian Foot Locker businesses to our license partner, which was partially offset by our share of losses related to equity method investments of $1 million for year-to-date 2023. (3) In the first quarter of 2023, the Company recorded a $4 million benefit related to income tax reserves due to a statute of limitations release.