* Q3 share ex-items 10 cts vs Wall St view 13 cts
* Q3 revenue falls 7.3 pct to $1.21 bln
* Shares down 5.6 percent in after-hours trading
(Recasts, adds details on sales, updates stock price)
SAN FRANCISCO, Nov 19 Foot Locker Inc (FL.N) on
Thursday reported quarterly results that fell short of Wall
Street's expectations, hurt by lower-than-expected U.S. sales,
and shares of the athletic shoe retailer fell in after-hours
The company reported a loss of $6 million, or 4 cents per
share, for its third quarter, ended on Oct. 31, compared with a
profit of $24 million, or 16 cents per share, a year earlier.
Excluding charges from writing down assets in its U.S.
operations, Foot Locker earned 10 cents per share. Analysts, on
average, were expecting 13 cents per share, according to
Thomson Reuters I/B/E/S.
Quarterly sales fell 7.3 percent to $1.21 billion, while
comparable-store sales declined 8.2 percent.
Chief Executive Ken Hicks said the retailer, which operates
roughly 3,600 stores around the world, experienced
lower-than-expected sales in its U.S. operations, although
sales trends improved in Europe throughout the quarter.
Also on Thursday sporting goods retailer Hibbett Sports Inc
(HIBB.O) posted a stronger-than-expected quarterly profit and
raised its fiscal 2010 earnings outlook. [ID:nBNG472457].
But Dick's Sporting Goods Inc (DKS.N) forecast
fourth-quarter earnings below market estimates, citing
increased promotional activity in California and the shift of
cold weather product sales into the third quarter.
Foot Locker's sales have been hurt by weak mall traffic and
a move by consumers away from athletic shoes in the downturn.
In June the retailer named Hicks to the role of CEO. He was
formerly president and chief merchandising officer of JC Penney
Co Inc (JCP.N)
Foot Locker's shares fell 59 cents, or 5.6 percent, to $10
in after-hours trade, after dropping 4.6 percent on the New
York Stock Exchange to $10.59.
(Reporting by Nicole Maestri; Editing by Andre Grenon and