SAN FRANCISCO (Thomson Financial) - Foot Locker Inc. late Thursday reported
it swung to a second-quarter net profit of $18 million, or 11 cents a share,
from a net loss of $18 million, or 12 cents a share, last year.
Second quarter sales increased 1.5% to $1.3 billion, while comparable-store
sales in the period ended Aug. 2 fell 0.5%.
The mean estimate of analysts polled by Thomson Reuters was for a per-share
profit of 2 cents on revenue of $1.27 billion.
The New York-based athletic apparel and footwear retailer expects full-year
adjusted earnings of 70 cents to 85 cents a share, versus the consensus analyst
estimate of 72 cents.
Shares of Foot Locker closed at $15.28.
Gabriel Madway
gm
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