Foot Locker reports no profit, misses estimates

NEW YORK (Reuters) - Foot Locker Inc (FL.N) said on Thursday that it had no profit in the second quarter, as sales at its athletic shoe stores fell more than expected.

The company, whose chains include Foot Locker, Lady Foot Locker and Champs Sports, reported break-even net income and earnings per share in the second quarter, ended August 1, compared to earnings of $18 million, or 11 cents per share, a year earlier.

Analysts, on average, were expecting earnings of 6 cents per share, according to Reuters Estimates.

Sales fell to $1.10 billion from $1.30 billion a year earlier.

The athletic footwear industry has been in a slump for the past year as consumers have cut back on discretionary purchases. Lower mall traffic amid the downturn has also hurt results at Foot Locker and its rivals.

(Reporting by Martinne Geller; Editing by Phil Berlowitz)