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Article Date: May 2019
Word Count: 621

Foot Locker Net, Sales Gain Slightly

Despite some challenging market conditions in the U.S. and currency headwinds in international, Foot Locker net income improved 4% to $172 million from $165 million on a 3% gain in sales to $2,078 million against $2,025 million with a 4.6% comp against a 2.8% decline last year for the first quarter ended May 4. The results included $1 million and $12 million charges related to its pension litigation this year and last, respectively. The results were below forecasts and an outlook that slightly lowered the EPS guidance on a slower pace of stock repurchases sent the stock crashing 15% in ... Log in to view full article.


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