World Footwear

Companies

Sales up at Foot Locker

Jan 16, 2017 United States
Sales up at Foot Locker
The New York-based specialty athletic retailer reported financial results for its third quarter
Net income for Foot Locker’s third quarter ended on the 29th of October 2016 totaled 157 million US dollars, or 1.17 US dollars per share, which compares with net income of 80 million US dollars, or 0.57 US dollars per share in similar period in 2015.

Third quarter comparable-store sales increased by 4.7%. Total sales increased by 5.1%, reaching 1 886 million US dollars this year, compared with sales of 1 794 million US dollars for the corresponding prior-year period.

Excluding the effect of foreign currency fluctuations, Foot Locker’s total sales for the third quarter increased by 5.5%.

“Our outstanding track record of meaningful sales and profit growth over several years is a strong testament to Foot Locker, Inc.’s solid position at the center of sneaker culture”, commented Richard Johnson, Chairman of the Board and Chief Executive Officer.

Net income for Foot Locker’s first nine months increased to 475 million US dollars (3.50 US dollars per share), compared to net income of 383 million US dollars (2.71 US dollars per share) in similar period in 2015.

Year-to-date sales reached 5 653 million US dollars, an increase of 4.6% compared to sales of 5 405 million US dollars in the corresponding nine -month period of 2015. Year-to-date comparable store sales have increased by 4.0%. Excluding the effect of foreign currency fluctuations, total sales year-to-date have increased by 4.9%.

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