No retail dud: Double-digit sales and profit growth at Foot Locker

Foot Locker (FL) records double-digit revenue growth in FQ1.

Comparable-store sale rose 7.6% during the quarter.

Gross margin rate +40 bps to 34.6% on a slightly lower SG&A expense ratio.

The company ended FQ1 with inventory of $1.27B, up 8.5% from a year ago.

Net store count changes: Foot Locker US -3; Foot Locker Europe flat; Lady Foot Locker -16; Kids Foot Locker +9.

FL +2.6% premarket

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs