Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Foot Locker    FL

FOOT LOCKER (FL)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Foot Locker's Third-Quarter Net Up 61% on Same-Store Sales

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/16/2012 | 01:54pm CEST
   By Saabira Chaudhuri and Ben Fox Rubin 
 

Foot Locker Inc.'s (>> Foot Locker, Inc.) third-quarter profit jumped a better-than-expected 61% as the athletic apparel and footwear chain's same-store sales gave results a boost.

Observers have long touted a strong athletic footwear and apparel cycle, which has entered its third year and typically lasts between three to five years. The Olympics this year have helped drive interest in new technologies and fashionable gear worn by top international athletes.

Foot Locker has now logged 11 straight quarters of year-over-year sales and earnings growth as new products from Nike Inc. (>> NIKE, Inc.), Under Armour Inc. (>> Under Armour Inc) and other apparel and footwear makers continue to power demand in the running, basketball and lifestyle categories. New styles, colors and materials are being used in athletic gear, which helps drive consumers to the retail chains that sell those wares.

But concerns about how economic malaise has hurt European sales have weighed on retailers expanding or with heavy exposure in the region. Shoe maker Wolverine World Wide Inc. (>> Wolverine World Wide, Inc.) last month said its third-quarter earnings sank 19% as it continued to see Europe's lagging economy weigh down results.

For the quarter ended Oct. 27, Foot Locker posted a profit of $106 million, or 69 a share, compared with $66 million, or 43 cents a share, a year earlier. Excluding a tax benefit, earnings were 63 cents a share in the latest period.

Revenue rose 9.3% to $1.52 billion, or 11% excluding the impact of currency fluctuations.

Analysts polled by Thomson Reuters expected per-share earnings of 54 cents on $1.47 billion in revenue.

Gross margin widened to 33.1% from 32.5%.

Same-store sales increased 10%, while inventory rose 3% from last year.

Shares closed Thursday at $31.85 and were inactive premarket. The stock is up 34% so far this year.

Write to Saabira Chaudhuri at [email protected]

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stocks mentioned in the article
ChangeLast1st jan.
FOOT LOCKER -1.83% 40.88 Delayed Quote.-12.80%
NIKE 0.55% 66.09 Delayed Quote.5.66%
UNDER ARMOUR 0.12% 16.1 Delayed Quote.11.57%
WOLVERINE WORLD WIDE, INC. -1.64% 28.87 Delayed Quote.-7.94%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on FOOT LOCKER
04/20FOOT LOCKER : Levi & Korsinsky, LLP Reminds Shareholders of Foot Locker, Inc. of..
AC
04/20FOOT LOCKER : FL Important May 8, 2018 Lead Plaintiff Deadline in Class Action -..
AC
04/19FOOT LOCKER : Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Acti..
AC
04/19FOOT LOCKER, INC. (NYSE : FL) Files An 8-K Departure of Directors or Certain Off..
AQ
04/19FOOT LOCKER : Ex-dividend day for
FA
04/18FOOT LOCKER, INC. : Change in Directors or Principal Officers, Financial Stateme..
AQ
04/18FOOT LOCKER : Pomerantz Law Firm Reminds Shareholders with Losses on their Inves..
AC
04/17FOOT LOCKER : The Klein Law Firm Notifies Investors of a Class Action Filed on B..
AC
04/17FOOT LOCKER : Unveils 'Before and After the Bite' Campaign In Partnership With N..
PR
04/17FOOT LOCKER : The Schall Law Firm Announces the Filing of a Securities Class Act..
AC
More news
News from SeekingAlpha
04/20Margins a concern in the footwear sector 
04/19After Hours Gainers / Losers (04/19/2018) 
04/16Early Retirement Fund Income Update 
04/13UPCOMING DIVIDENDS : 12 Companies, 12 Increases, 6 Double-Digit Increases 
04/055 Low P/E Mid-Cap Companies 
STOCK PICK
Fire Sale
Financials ($)
Sales 2019 7 705 M
EBIT 2019 720 M
Net income 2019 510 M
Finance 2019 983 M
Yield 2019 3,24%
P/E ratio 2019 9,27
P/E ratio 2020 8,74
EV / Sales 2019 0,52x
EV / Sales 2020 0,49x
Capitalization 4 955 M
Chart FOOT LOCKER
Duration : Period :
Foot Locker Technical Analysis Chart | FL | US3448491049 | 4-Traders
Technical analysis trends FOOT LOCKER
Short TermMid-TermLong Term
TrendsBearishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 51,7 $
Spread / Average Target 26%
EPS Revisions
Managers
NameTitle
Richard A. Johnson Chairman, President & Chief Executive Officer
Lauren B. Peters Chief Financial Officer & Executive Vice President
Pawan Verma Chief Information Officer & Senior Vice President
Jarobin Gilbert Independent Director
Cheryl Nido Turpin Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
FOOT LOCKER-12.80%4 955
INDITEX - INDUSTRIA DE DISEÑO TEXTIL-15.68%93 778
KERING9.67%66 870
FAST RETAILING CO LTD4.23%46 812
ROSS STORES-1.87%29 276
ZALANDO-1.53%13 235