May 25, 2018 Foot Locker Sales, Net Off but Well Ahead of Guidance
Net income was down 8% to $165 million from $180 million on a 1% increase in sales to $2,025 million against $2,001 million for the first quarter ended May 5 with comp store sales down 2.8%. Hibbett Net Gains on Lower Taxes in Q1
Net income increased 3% to $21,509,000 from $20,910,000, benefitting from a lower tax rate, but the operational results were less impressive, as sales were down slightly to $274,707,000 from $275,688,000 and same store sales slipped 0.3% in the first quarter ended May 5. Eddie Bauer, Pacific Sunwear Explore Merger
The two struggling retail chains, both owned by Golden Gate Capital, are considering combining operations and lowering their door count form a current 700, according to Reuters. Athleta Grows Double Digits in Q1
Sales increased 33% to $269 million from $202 million in GPS’ Other segment, which includes Athleta and Intermix, in the first quarter ended May 5.
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