Big Foot reported net income of $130 million, up 27% from $102 million, for the third quarter ended Nov. 3, as sales dipped 1% to $1,860 million from $1,870 million with comp store sales improving 2.9%. The calendar shift reduced sales by about $60 million for the period and currency was another $17 million hit. Gross margin in Q3 expanded 60 b.p. to 31.6% with 80 b.p. of merchandise margin expansion offset by BD&O deleverage of 20 b.p. from the calendar shift. SG&A deleveraged by 170 b.p. to 21.4% but would have leveraged on a positive sales comparison without the ... Log in to view full article.