Foot Locker Inc. reported its financial results for the first quarter of 2025, highlighting a decrease in total sales by 4.6% to $1.788 billion, compared to $1.874 billion in the same period last year. Comparable sales fell by 2.6%, with North American sales slightly down by 0.5% and international sales dropping by 8.5%, primarily due to challenges in the European market. The company's gross margin decreased by 40 basis points from the previous year. The company reported a net loss of $363 million, a significant change from the net income of $8 million recorded in the first quarter of 2024. On a non-GAAP basis, the net loss was $6 million, compared to a net income of $21 million in the prior-year period. Foot Locker's store modernization efforts continued with 69 store refreshes, and the company launched new mobile apps for Champs Sports and Kids Foot Locker. At the end of the quarter, Foot Locker had cash and cash equivalents of $343 million, with total debt amounting to $445 million. Merchandise inventories stood at $1.665 billion, marking a 0.4% increase over the previous year, but a 0.7% decrease when adjusted for foreign currency fluctuations.