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Foot Locker Inc (FL.N)

FL.N on New York Stock Exchange

40.82USD
17 Nov 2017
Change (% chg)

$8.97 (+28.16%)
Prev Close
$31.85
Open
$40.99
Day's High
$41.09
Day's Low
$38.27
Volume
4,128,248
Avg. Vol
1,037,642
52-wk High
$79.40
52-wk Low
$28.47

Latest Key Developments (Source: Significant Developments)

Foot Locker reports Q3 non-GAAP earnings per share $0.87
Friday, 17 Nov 2017 06:45am EST 

Nov 17 (Reuters) - Foot Locker Inc :Foot Locker Inc reports 2017 third quarter results.Q3 non-GAAP earnings per share $0.87.Q3 sales $1.87 billion versus I/B/E/S view $1.83 billion.Q3 earnings per share $0.81.Q3 earnings per share view $0.80 -- Thomson Reuters I/B/E/S.Foot Locker Inc - ‍Q3 comparable-store sales decreased 3.7 percent​.Foot Locker Inc - ‍Q3 results included a $13 million pre-tax charge related to reducing and reorganizing corporate and division staff​.Foot Locker Inc - ‍excluding effect of foreign currency fluctuations, total sales for Q3 decreased 2.3 percent​.Foot Locker Inc - ‍at Oct 28, 2017, co's merchandise inventories were $1,315 million, 3.4 percent lower than at end of Q3 last year​.Foot Locker Inc - qtrly gross margin rate decreased to 31.0 percent of sales from 33.9 percent a year ago​.Foot Locker Inc - ‍during Q3, co opened 12 new stores, remodeled or relocated 41 stores, and closed 22 stores​.Foot Locker Inc - in quarter, ‍within SG&A, company incurred $7 million of hurricane-related costs, majority of which related to damaged or lost inventory​.Foot Locker Inc - ‍despite highly promotional environment still seen in marketplace, "availability of premium product is gradually improving" versus h1 2017.Foot Locker Inc - ‍believe "can achieve", and perhaps "modestly exceed", top- and bottom-line guidance co gave for Q4 back in August​.  Full Article

Foot locker declares quarterly dividend of $0.31 per share
Wednesday, 15 Nov 2017 04:30pm EST 

Nov 15 (Reuters) - Foot Locker Inc :Foot Locker Inc declares quarterly dividend of $0.31 per share.  Full Article

Foot Locker Inc Q2 sales $1.701 billion
Friday, 18 Aug 2017 06:45am EDT 

Aug 18 (Reuters) - Foot Locker Inc :Foot Locker Inc reports 2017 second quarter results.Q2 non-GAAP earnings per share $0.62 excluding items.Q2 sales $1.701 billion versus I/B/E/S view $1.8 billion.Q2 earnings per share $0.39.Q2 earnings per share view $0.90 -- Thomson Reuters I/B/E/S.At July 29, 2017, company's merchandise inventories were $1,290 million, 3.7 percent lower than at end of Q2 last year.Excluding effect of foreign currency fluctuations, total sales for Q2 decreased 4.3 percent.Qtrly result included $50 million pre-tax litigation charge related to appeals court decision in lawsuit against co involving conversion of pension plan in 1996.During Q2, company opened 24 new stores, remodeled or relocated 38 stores, and closed 19 stores..Qtrly comparable-store sales decreased 6.0 percent.  Full Article

Foot Locker Q1 earnings per share $1.36
Friday, 19 May 2017 06:45am EDT 

May 19 (Reuters) - Foot Locker Inc ::Foot Locker, Inc. Reports 2017 first quarter results.Q1 earnings per share $1.36.Q1 earnings per share view $1.38 -- Thomson Reuters I/B/E/S.Foot Locker Inc - at april 29, 2017, company's merchandise inventories were $1,279 million, 1.5 percent higher than at end of q1 last year.Foot Locker Inc says q1 comparable-store sales increased 0.5 percent.Foot Locker says excluding effect of foreign currency fluctuations, total sales for q1 increased 1.8 percent.Foot Locker says q1 gross margin rate decreased to 34.0 percent of sales from 35.0 percent a year ago.Foot Locker - "believe our inventory is still well positioned to drive improved top line results over balance of year".Foot Locker -"we are aggressively reviewing and implementing opportunities to lower expenses as we work to achieve a mid-single digit eps increase for full year".Foot Locker qtrly sales $2,001 million versus $1,987 million last year.Foot Locker says "first quarter was one of our most profitable quarters ever, but it did fall short of our original expectations".Q1 revenue view $2.02 billion -- Thomson Reuters I/B/E/S.  Full Article

Foot Locker updates outlook for Q1 and full year 2017
Thursday, 20 Apr 2017 06:45am EDT 

April 20 (Reuters) - Foot Locker Inc :Foot Locker, Inc. updates outlook for first quarter and full year 2017.Foot Locker Inc says expects earnings in Q1 ending April 29 to be equal to or slightly below last year's record earnings, or $1.36 to $1.39 per share.Comparable store sales in Q1 are expected to increase at a low-single digit percentage rate.Updated its Q1 and full year 2017 outlook in light of previously noted slow start to fiscal year in February.Foot Locker - Sluggish Q1 is expected to result in revised full-year earnings per share percentage increase in mid-single digits, excluding 53(rd) week.Foot Locker - Delay in issuance of majority of income tax refund checks until after nba all-star game signifcantly affected Feb comparable store sales.Foot Locker Inc says "disappointed in overall sales performance in Q1".  Full Article

Foot Locker Announces Exclusive WWE product launch
Tuesday, 21 Mar 2017 11:56am EDT 

Foot Locker Inc :Partnership with WWE to bring limited-edition footwear and apparel to select Foot Locker stores.  Full Article

Foot Locker posts Q4 adj. earnings per share $1.37
Friday, 24 Feb 2017 06:45am EST 

Foot Locker Inc : Foot Locker, Inc reports 2016 fourth quarter and full year results . Q4 same store sales rose 5 percent . Q4 non-GAAP earnings per share $1.37 excluding items . Q4 earnings per share view $1.32 -- Thomson Reuters I/B/E/S . Foot Locker Inc - excluding effect of foreign currency fluctuations, total sales for Q4 increased 6.1 percent . Foot Locker Inc - at January 28, 2017, company's merchandise inventories were $1,307 million, 1.7 percent higher than at end of Q4 last year . Foot Locker Inc - qtrly sales $2,113 million versus $2,007 million . Foot Locker Inc - "currently face a softer sales environment than at this time last year" . Foot Locker Inc - planning for a mid-single digit comparable sales gain and a double-digit earnings per share increase for full year of 2017 . Q4 earnings per share $1.42 .Q4 revenue view $2.11 billion -- Thomson Reuters I/B/E/S.  Full Article

Foot Locker, Inc. reports 2016 third quarter results
Friday, 18 Nov 2016 06:45am EST 

Foot Locker Inc : Foot Locker inc says excluding effect of foreign currency fluctuations, total sales for Q3 increased 5.5 percent . Q3 same store sales rose 4.7 percent . FY2017 earnings per share view $4.76 -- Thomson Reuters I/B/E/S . Foot Locker - financial position at October 29, 2016, company's merchandise inventories were $1,361 million, 1.9 percent higher than at end of Q3 last year . Q3 sales rose 5.1 percent to $1.89 billion . Foot Locker Inc says Q3 gross margin rate improved to 33.9 percent of sales from 33.8 percent a year ago . Foot Locker inc says excluding effect of foreign currency fluctuations, total sales for Q3 increased 5.5 percent . Foot Locker-remain well on track to achieve annual guidance of mid-single digit comparable-store sales gain and double-digit earnings per share growth . Q3 earnings per share view $1.10, revenue view $1.89 billion -- Thomson Reuters I/B/E/S . Q3 non-GAAP earnings per share $1.13 . Q3 earnings per share view $1.10 -- Thomson Reuters I/B/E/S . Foot Locker, Inc. Reports 2016 third quarter results .Q3 gaap earnings per share $1.17.  Full Article

Foot Locker Q2 EPS $0.94
Friday, 19 Aug 2016 06:45am EDT 

Foot Locker Inc : Foot Locker, Inc. Reports 2016 second quarter results . Q2 same store sales rose 4.7 percent . Q2 earnings per share view $0.90 -- Thomson Reuters I/B/E/S . Foot locker inc says excluding effect of foreign currency fluctuations, total sales for q2 increased 5.4 percent . At July 30, 2016, company's merchandise inventories were $1,339 million, 1.7 percent higher than at end of q2 last year . Q2 sales $ 1.78 billion versus $1.7 billion last year .Q2 revenue view $1.76 billion -- Thomson Reuters I/B/E/S.  Full Article

Foot Locker Q1 earnings per share $1.39
Friday, 20 May 2016 06:48am EDT 

Foot Locker Inc : Excluding effect of foreign currency fluctuations, total sales for q1 increased 3.9 percent . At april 30, 2016 , company's merchandise inventories were $1,260 million , 2.1 percent higher than at end of q1 last year . Remain confident can achieve a mid-single digit comparable sales gain and a double-digit earnings per share increase for 2016 . Foot locker, inc. Reports 2016 first quarter results . Q1 earnings per share $1.39 . Q1 same store sales rose 2.9 percent . Q1 earnings per share view $1.39 -- Thomson Reuters I/B/E/S .Q1 sales $1.987 billion versus i/b/e/s view $2 billion.  Full Article

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Sports retail stocks jump after upbeat earnings

Shares of sports retailers soared on better-than-expected earnings from Foot Locker Inc , Shoe Carnival Inc and Hibbett Sports Inc as the companies sold more premium shoes and cut stocks of low-margin ones.