Note 2 - Revenue

6 Months Ended

Aug. 02, 2025

Notes to Financial Statements

Revenue from Contract with Customer [Text Block]

2. Revenue

The table below presents sales disaggregated by sales channel. Sales are attributable to the channel in which the sales transaction is initiated. Other revenue includes licensing revenue earned from our various licensees and other arrangements.

	Thirteen weeks ended				Twenty-six weeks ended
	August 2,		August 3,		August 2,		August 3,
($ in millions)	2025		2024		2025		2024
Sales by Channel
Stores	$	1,517	$	1,594	$	2,972	$	3,148
Direct-to-customers		334		302		667		622
Total sales		1,851		1,896		3,639		3,770
Other revenue		6		4		12		9
Total revenue	$	1,857	$	1,900	$	3,651	$	3,779

Revenue is attributed to the country in which the transaction is fulfilled, and revenue by geographic area is presented in the following table.

	Thirteen weeks ended				Twenty-six weeks ended
	August 2,		August 3,		August 2,		August 3,
($ in millions)	2025		2024		2025		2024
Revenue by Geography
United States	$	1,247	$	1,225	$	2,497	$	2,497
International		610		675		1,154		1,282
Total revenue	$	1,857	$	1,900	$	3,651	$	3,779

Sales by banner and operating segment are presented in the following table.

	Thirteen weeks ended				Twenty-six weeks ended
	August 2,		August 3,		August 2,		August 3,
($ in millions)	2025		2024		2025		2024
Foot Locker	$	764	$	754	$	1,499	$	1,513
Champs Sports		269		268		530		535
Kids Foot Locker		165		154		348		337
WSS		147		155		307		315
Other		1		1		1		1
North America		1,346		1,332		2,685		2,701
EMEA (1)		401		445		747		839
Foot Locker		67		87		133		159
atmos		37		32		74		71
Asia Pacific		104		119		207		230
Total sales	$	1,851	$	1,896	$	3,639	$	3,770

⁽¹⁾ Includes sales from 6 and 8 Kids Foot Locker stores operating in Europe for  August 2, 2025 and August 3, 2024, respectively.

Contract Liabilities

We sell gift cards which do not have expiration dates. Revenue from gift card sales is recorded when the gift cards are redeemed by customers. Breakage income is recognized as revenue in proportion to the pattern of rights exercised by the customer. The table below presents the activity of our gift card liability balance.

	August 2,			August 3,
($ in millions)	2025			2024
Gift card liability at beginning of year	$	28		$	29
Redemptions		(98	)		(80	)
Breakage recognized in sales		(5	)		(2	)
Activations		99			76
Foreign currency fluctuations		1			—
Gift card liability	$	25		$	23

We elected not to disclose the information about remaining performance obligations since the amount of gift cards redeemed after 12 months is not significant.