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Article Date: August 2020
Word Count: 825

Foot Locker Bounces Back With Double-Digit Q2 Gain

Net income declined 25% to $45 million from $60 million in the second quarter on a 17% top line surge to $2,077 million from $1,774 million last year including a +18.6% blended comp, which included a 173% jump in DTC e-commerce and a 7.6% decline in same store sales. DTC accounted for over 33% of sales in the quarter, up from about 14% last year, but brick-and-mortar stores were open for only about 70% of potential operating days. Adjusted net income improved to $75 million from $72 million after backing out impairment charges of $32 million this year and $10 ... Log in to view full article.


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