- Foot Locker (NYSE:FL) says Q1 sales rose 7.9% if foreign currency swings are backed out.
- Comparable-store sales increased 7.8% during the period.
- Gross margin rate +40 bps to 35.0%.
- SG&A expense ratio -100 bps to 18.0%.
- Merchandise inventories -2.7% to $1.234B.
- Store count -4 Q/Q to 3,419.
- Previously: Foot Locker beats by $0.06, beats on revenue
- FL +0.78% premarket to $64.50.
Strong comp and margin gains for Foot Locker in Q1
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Symbol | Last Price | % Chg |
---|---|---|
FL | - | - |
Foot Locker, Inc. |