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Strong comp and margin gains for Foot Locker in Q1

May 22, 2015 7:11 AM ETFoot Locker, Inc. (FL) StockBy: Clark Schultz, SA News Editor
  • 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.

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