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

4-Traders Homepage  >  Equities  >  Nyse  >  Foot Locker, Inc.    FL

Delayed Quote. Delayed  - 08/26 10:01:17 pm
66.54 USD   -0.55%
08/22 FOOT LOCKER : Reports 2016 second quarter results
08/22 FOOT LOCKER : Research Report on Apparel Footwear & Accessories Equi..
08/19 MARKETS RIGHT N : Stocks closing lower on Wall Street
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

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 saabira.chaudhuri@dowjones.com

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on FOOT LOCKER, INC.
08/25 FOOT LOCKER, INC. : Post Earnings Coverage as Foot Locker Reports Solid Earnings..
08/22 FOOT LOCKER : Reports 2016 second quarter results
08/22 FOOT LOCKER : Research Report on Apparel Footwear & Accessories Equities -- NIKE..
08/19 MARKETS RIGHT NOW : Stocks closing lower on Wall Street
08/19 MARKETS RIGHT NOW : Stocks trading lower on Wall Street
08/19 FRIDAY SECTOR LEADERS : Education & Training Services, Apparel Stores
08/19 S&P 500 MOVERS : Dva, fl
08/19 FOOT LOCKER, INC. : Results of Operations and Financial Condition, Financial Sta..
08/19 FOOT LOCKER : 08/19/16 foot locker, inc. reports 2016 second quarter results
08/19 FOOT LOCKER : tops Street 2Q forecasts
More news
Sector news : Apparel & Accessories Retailers - NEC
08/25DJSIGNET JEWELERS : Why Are Americans Buying Less Jewelry?
08/25 Japanese seek bargains as economy limps, Abenomics loses shine
08/22DJL BRANDS : Tyra Banks to Teach Stanford M.B.A. Class
08/19DJEsté e Lauder Offers Downbeat View
08/18DJGAP : Cuts Year View as Quarterly Sales Fall
More sector news : Apparel & Accessories Retailers - NEC
News from SeekingAlpha
08/25 FOOT LOCKER : Back To School Income Play
08/24 Digging Through Foot Locker's Financials To Find Its True ROIC
08/23 Game Plan For The Week - Cramer's Mad Money (8/22/16)
08/22 Citi backs positive view on Foot Locker
08/20 Foot Locker Shares Have More Upside
Advertisement
Financials ($)
Sales 2017 7 780 M
EBIT 2017 1 005 M
Net income 2017 645 M
Finance 2017 510 M
Yield 2017 1,39%
P/E ratio 2017 13,99
P/E ratio 2018 12,73
EV / Sales 2017 1,09x
EV / Sales 2018 1,04x
Capitalization 9 003 M
More Financials
Chart FOOT LOCKER, INC.
Duration : Period :
Foot Locker, Inc. Technical Analysis Chart | FL | US3448491049 | 4-Traders
Full-screen chart
Technical analysis trends FOOT LOCKER, INC.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 74,9 $
Spread / Average Target 13%
Consensus details
EPS Revisions
More Estimates 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
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
FOOT LOCKER, INC.2.23%9 003
INDITEX SA1.20%111 058
FAST RETAILING CO LTD-15.79%36 832
ROSS STORES, INC.17.56%25 273
L BRANDS INC-20.41%21 925
NEXT PLC-24.28%10 681
More Results