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Foot Locker, Inc. Reports 2017 First Quarter Results

FOOT LOCKER (FL)  More Company Research Source: PR Newswire
Last foot locker earnings: 11/17 06:45 am Check Earnings Report
PDF NEW YORK, May 19, 2017 /PRNewswire/ -- Foot Locker, Inc. (NYSE: FL), the New York-based specialty athletic retailer, reported today financial results for its first quarter ended April 29, 2017. First Quarter Results Net income for the Company's first quarter ended April 29, 2017 was $180 million, or $1.36 per share, compared with net income of $191 million, or $1.39 per share in the same period of 2016. First quarter comparable-store sales increased 0.5 percent.  Total sales increased 0.7 percent, to $2,001 million this year, compared with sales of $1,987 million for the corresponding prior-year period.  Excluding the effect of foreign currency fluctuations, total sales for the first quarter increased 1.8 percent.  The Company's gross margin rate decreased to 34.0 percent of sales from 35.0 percent a year ago, and the selling, general, and administrative expense rate increased 30 basis points to 18.5 percent of sales."The first quarter was one of our most profitable quarters eve [Read more]

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