Foot Locker Inc (FL) Q4 2019 Earnings Call Transcript

Foot Locker Inc (FL) Q4 2019 Earnings Call Transcript

Good morning, ladies and gentlemen, and welcome to Foot Locker's Fourth Quarter 2019 Financial Results Conference Call.. I would now like to turn the conference over to Jim Lance, Vice President, Corporate Finance and Investor Relations.. As reported in today's earnings release, the company reported fourth quarter net income of $141 million, compared to $158 million for the fourth quarter last year.. A year ago, the fourth quarter included net charges totaling $20 million.. The 2019 full-year non-GAAP earnings were $4.93 per share, up from $4.71 in 2018.Unless otherwise noted, the figures and rates mentioned during our call today will be based on non-GAAP results.. We'll begin our prepared remarks with Lauren Peters, Foot Locker's Executive Vice President and Chief Financial Officer, who will provide details on our fourth quarter financial results; Dick Johnson, Chairman and Chief Executive Officer will provide highlights from our fourth quarter performance along with an update on product trends and the progress we've made toward our long-term strategic imperatives.. We were pleased to report this morning that total sales for the year surpassed $8 billion, the first time in our history as Foot Locker, Inc.. We delivered another year of positive comp sales growth and