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Friday, November 22, 2019

-=Foot Locker (FL) reported earnings on Fri 22 Nov 2019 (b/o)

Foot Locker beats by $0.05, reports revs in-line; Q3 comps +5.7%

  • Reports Q3 (Oct) earnings of $1.13 per share, excluding non-recurring items, $0.05 better than the S&P Capital IQ Consensus of $1.08; revenues rose 3.9% year/year to $1.93 bln vs the $1.94 bln S&P Capital IQ Consensus.
  • Third quarter comparable-store sales increased 5.7 percent. Total third quarter sales increased 3.9 percent, to $1,932 million, compared to sales of $1,860 million for the corresponding prior-year period. Excluding the effect of foreign exchange rate fluctuations, total sales for the third quarter of 2019 increased 5.1 percent.
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