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Robust comp powers Foot Locker in Q3

Nov. 21, 2014 7:20 AM ETFoot Locker, Inc. (FL) StockFLBy: Clark Schultz, SA News Editor
  • Foot Locker (NYSE:FL) reports comparable-store sales rose 6.9% in Q3.
  • Gross margin rate +10 bps to 33.2%.
  • SG&A expense rate -60 bps to 20.4%.
  • Merchandise inventory flat Y/Y at $1.324B.
  • Total store count +1 to 3,474 over the last six months. Foot Locker U.S. -8 to 1,044.
  • FL +2.7% premarket.

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