The selling, general and administrative (SG&A) expenses decreased by 10 bps as a percentage of sales from the prior year due to savings from the cost optimization program partially offset by inflation. Foot Locker, Inc. FL posted fourth-quarter fiscal 2022 results, wherein both the top line and the bottom line beat the Zacks Consensus Estimate. However, both earnings and revenues declined year over year, leading to a 5.7% fall in FL shares during the trading session of Mar 20.