Foot Locker Earnings Slip on Soft Q2 Sales
Net income was $60 million for the second quarter ended Aug. 3, down 25% from $88 million last year, on flat sales of $1,774 million against $1,782 million that included a 0.8% comp store gain and come currency headwinds from the strengthening US$. This year’s results included a $13 million charge to close some Six:02 stores and $3 million in other one-time charges. Big Foot also suggested that the impact of the new tariffs would be felt in 2020, and it was not able to pinpoint exactly what that would be right now. Meanwhile, there is a strong effort to ... Log in to view full article.