Foot Locker Exceeds Expectations

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( — Foot Locker, the American specialist in distribution in the field of sports, announced for its first fiscal quarter a net profit of 133 million dollars and 1.37$ per title, against 202 million dollars and 1.93$ per share a year previously. Adjusted earnings per share were $1.6, versus consensus of $1.54. Revenues were $2.175 billion, compared to $2.153 billion for the comparable period last year. The FactSet consensus was 2.2 billion in revenue. Like-for-like sales fell 1.9% year-on-year, but analysts feared an even steeper decline of more than 4%.


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